Board Meeting Held on 12th August to 1. Considered, approved and took on record the unaudited standalone Financial Result for the quarter ended 30th June, 2025. 2. To Appoint Megha Kamal ....
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Mitshi India Ltd's board met on 12th August 2025 and approved the unaudited standalone financial results for the quarter ended 30th June 2025. Revenue from operations dropped sharply to about Rs 1.08 lakh from Rs 100.92 lakh in the same quarter last year, while total expenses also fell to Rs 10.47 lakh from Rs 104.67 lakh. The company reported a marginal profit after tax of Rs 0.06 lakh, compared to a loss of Rs 3.75 lakh in Q1 FY25. The board also appointed M/s M K Samdani & Co, led by Megha Kamal Samdani, as the secretarial auditor for FY 2024-25. The statutory auditor SDP M & Co issued an unmodified limited review report, though it flagged that outstanding trade receivables, payables and unsecured loans are subject to confirmation.
The dramatic revenue collapse (nearly 99% year-on-year) is a serious red flag for shareholders, even though the company managed a small profit due to equally steep expense cuts. The continuation of cash-heavy trading in agricultural products with pending balance confirmations adds governance and audit-quality concerns that investors should track closely.