Mishtann Foods Ltd — Board Meeting, 22-05-2025: Board Meeting

Mishtann Foods Limited has announced a board meeting on the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. The company reported standalone revenue at Rs. 348.42 Cr and a net profit of Rs. 5.99 Cr for the year, while consolidated revenue stood at Rs. 1,375.30 Cr with a net profit of Rs. 333.33 Cr. The board approved the appointment of M/s. Mikil Vora & Associates as internal auditors and updated the Related Party Transactions Policy. Auditor’s report includes a qualified opinion due to unresolved SEBI allegations over fictitious sales and purchase transactions from FY 2017-18 to FY 2023-24, high trade receivables (~Rs. 361.06 Cr), non-provision for expected credit loss, GST demands of Rs. 206.84 Cr, and pending disputed income tax liabilities. The management denies these allegations and is pursuing legal remedies. The company has also spent the required CSR amount post-year end. The high trade receivables and regulatory issues highlight risks for stakeholders.