Mrugesh Trading Ltd — Important, 14-08-2026: Company Update

Mrugesh Trading reported quarterly income of 0.71 Cr and a profit of 0.09 Cr. The company's auditors issued a qualified opinion on these financial results. Key concerns include unpaid TDS, inadequate controls over agricultural inventory held at third-party locations, and insufficient documentation for 'bill-to-ship-to' sales and corresponding purchases. Auditors also noted unrecovered trade advances of 12.15 Cr from the prior year, with previous unsecured loans/advances of 2.39 Cr lacking documentation. The company had raised 720 Cr through convertible warrants, with 32.50 Cr currently parked in fixed deposits, awaiting deployment for business growth and working capital.