To consider and approve 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 Limited reported audited results for FY2026 with revenue from operations growing 85% to Rs 217.48 lakh from Rs 117.48 lakh in FY2025. However, net profit declined sharply to Rs 0.69 lakh from Rs 3.56 lakh in the previous year. The auditor issued a QUALIFIED OPINION citing concerns about the company's heavy cash transactions in agricultural trading, reliance on GST returns for turnover verification, and unconfirmed outstanding balances of trade receivables, payables, and unsecured loans. Operating cash flow remained negative at Rs -0.78 lakh, though improved from Rs -18.31 lakh in FY2025. Exceptional items of Rs 12.06 lakh were recorded. The company has negative reserves of Rs -607.21 lakh.
The qualified auditor opinion raises red flags about financial reporting reliability. Despite strong revenue growth, profitability has collapsed and cash flows remain negative. Shareholders should be cautious given the auditor's concerns over cash transactions and unverified balances.