Outcome of Board Meeting held today i.e. Friday, 29th May, 2026 and Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mrugesh Trading Limited reported a net loss of Rs. 23.51 lakhs for FY2026, a significant decline from FY2025 profit of Rs. 34.60 lakhs. Revenue fell to Rs. 1,133.37 lakhs from Rs. 2,024.29 lakhs in the prior year. The statutory auditors issued a qualified opinion citing five major concerns: unpaid TDS on professional fees and interest, lack of proper controls over agricultural inventory held at third-party locations, insufficient documentation for bill-to-ship-to sales, Rs. 1,215 lakhs in trade advances with no goods received, and Rs. 238.96 lakhs in unsecured loans without formal documentation. The company raised Rs. 72 crores via convertible warrants in May 2024 and has utilized Rs. 37 crores, parking Rs. 35 crores in fixed deposits. Equity share capital surged from Rs. 24.50 lakhs to Rs. 7,224.50 lakhs due to warrant conversions.
The qualified audit opinion and multiple control weaknesses signal elevated risk. The sharp decline in revenue and swing to loss, combined with substantial unrecovered advances, could concern shareholders. The large capital raise with slow deployment may also raise questions about fund utilization strategy.