Mishtann Foods Ltd — Results, 06-06-2025: Result

Mishtann Foods Limited has announced a board meeting outcome approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. Key highlights include net profit of ₹599.37 lakh (standalone) and ₹33,332.57 lakh (consolidated). The Board appointed M/s Mikil Vora & Associates as internal auditors for FY 2025-26 and updated the Related Party Transactions Policy. The audit report carried a qualified opinion due to multiple issues: SEBI’s allegation of fictitious transactions and misutilisation of rights issue proceeds (₹49.90 Cr), a large unprovided trade receivables portfolio (₹361.06 Cr), delayed CSR spending (₹0.58 Cr), a GST demand of ₹206.84 Cr under appeal, and significant unpaid and disputed income tax liabilities. The company denies the allegations and is pursuing legal remedies. Management plans to implement audit trail software from FY 2025-26 and gradually tighten receivables credit terms. Despite challenges, the company maintains sufficient financial resilience.