Outcome of Board Meeting held on 29th May 2026
MOHITIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mohit Industries Ltd reported audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Both auditor reports carry a Qualified Opinion due to the company's failure to provide for Post-Employment Benefits and other long-term employee benefits under Defined Benefit Plans on an accrual basis as required by Ind AS 19. This is a recurring issue dating back to 2007. The company reported a net loss of ₹132.63 lakhs for the year (turnover ₹14,209.49 lakhs, expenditure ₹14,342.12 lakhs). Total standalone assets stand at ₹8,438.63 lakhs with net worth of ₹2,727.21 lakhs. The Board also approved appointment of Mr. Hemal Kahar as Internal Auditor and M/s. Nainesh Kantliwala & Co. as Cost Auditors for FY 2026-27.
The recurring qualified opinion since 2007 signals weak financial controls and accounting compliance issues. The net loss of ₹132.63 lakhs and inability to quantify employee benefit liability creates uncertainty for investors regarding true financial health.