outcome of the board meeting held on 28th April, 2026 to consider and approve audited financial results for the quarter and year ended 31st March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mitshi India Ltd reported audited financial results for FY26 with revenue of Rs 457.68 Lacs, more than doubling from Rs 217.48 Lacs in FY25. However, the auditor issued a QUALIFIED OPINION stating the financial results do not give a true and fair view due to concerns about substantial cash transactions in the agriculture trading business and outstanding balances of receivables, payables and unsecured loans that could not be confirmed. For Q4 FY26, the company posted a net loss of Rs 3.59 Lacs, while full year net profit was only Rs 0.69 Lacs (down from Rs 3.56 Lacs in FY25). Long-term unsecured loans nearly doubled to Rs 35.38 Lacs from Rs 18.55 Lacs. Operating cash flow remained negative at Rs 0.78 Lacs though improved from Rs 18.31 Lacs in the prior year.
The qualified auditor opinion is a serious red flag as it indicates material concerns about the reliability of financial statements. Combined with negative Q4 profit, accumulated negative reserves of Rs 607.21 Lacs, and rising debt, shareholders should exercise caution.