Board Meeting held on 13th November, 2025 to consider and approve the shifting of Registered Office of the company within the local limits of the City
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Mitshi India Limited's board, at its meeting on 13 November 2025, approved unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025) along with a proposal to shift its registered office within city limits. Revenue from operations fell sharply to Rs. 50.58 lacs in Q2 FY26 (vs Rs. 115.46 lacs in Q2 FY25), with H1 revenue dropping to Rs. 91.11 lacs from Rs. 219.37 lacs in H1 FY25 — a roughly 58% year-on-year decline. Net profit for H1 FY26 was a marginal Rs. 0.19 lacs (vs Rs. 3.55 lacs in H1 FY25), while the balance sheet shows deeply negative other equity of Rs. (607.70) lacs against paid-up capital of Rs. 850 lacs, reflecting large accumulated losses. The auditor (SDP M & Co.) issued an unmodified limited review report but flagged that trade receivables, trade payables and unsecured loans remain subject to confirmation.
Weak H1 performance and the very thin profit margin signal continued operational stress for shareholders, while the negative reserves on the balance sheet raise going-concern concerns. The registered-office shift is administrative and unlikely to affect valuation, but investors should watch for sustained revenue recovery.