Mohit Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MOHITIND · price
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Mohit Industries Limited reported a net loss of Rs. 132.63 lakhs for FY 2025-26, with total income of Rs. 14,209.49 lakhs against total expenditure of Rs. 14,342.12 lakhs. The auditor issued a Qualified Opinion on both standalone and consolidated financial statements due to the company's failure to provide for Post-Employment Benefits and other long-term employee benefits on an accrual basis as required by Ind AS-19. Instead, the company recognizes these expenses only when payment is due. The auditor noted there is no actuarial report available to quantify the impact of this deviation. This audit qualification has been a recurring issue since 2007. The company appointed Mr. Hemal Kahar as Internal Auditor and M/s. Nainesh Kantliwala & Co. as Cost Auditor for FY 2026-27.
The qualified audit opinion raises concerns about accounting compliance and transparency. The net loss and recurring audit qualification since 2007 may negatively impact investor confidence and the company's credibility with regulators.