Please fined enclosed detailed outcome of Board Meeting.
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Mizzen Ventures Ltd's board approved un-audited financial results for Q2 and H1 FY26 (ended 30 September 2025), along with the auditor's limited review report. On a consolidated basis, revenue from operations fell to about Rs. 45 lakhs in Q2 FY26 from around Rs. 91 lakhs in Q2 FY25, a roughly 50% year-on-year decline. Despite weaker revenue, the company swung to a consolidated profit after tax of Rs. 34.81 lakhs in Q2 FY26 from a loss of Rs. 26.73 lakhs in the year-ago quarter, with H1 FY26 PAT at Rs. 68.16 lakhs versus a loss of Rs. 26.73 lakhs in H1 FY25. Operating cash flow also turned sharply positive at Rs. 149.81 lakhs (consolidated) compared with a negative Rs. 38.17 lakhs earlier. The statutory auditor (Bhuwania & Agrawal Associates) issued an unqualified limited review report with no qualifications or emphasis-of-matter paragraphs. The company continues to operate with almost no debt and a large equity base of Rs. 21.19 crore (face value Rs. 10).
Mixed picture for shareholders — topline is shrinking sharply but profitability and cash generation have turned around strongly, largely reflecting the recent acquisition/restructuring under the Mizzen Digital swap (October 2024). Small-cap, low-liquidity stock with very modest absolute earnings, so the turnaround is encouraging but remains high-risk and dependent on the new business ramping up revenue.