Promoter Pradeep Ganediwal acquired 8,56,126 equity shares of mid india industries through transmission on June 11, 2026. The shares were transferred from the holdings of Late Shri Ranchhod Prasad Ganediwal, who was also a promoter of the company. This acquisition increases the promoter's stake to 19.78% of the total share capital.

The disclosure was submitted to the stock exchange in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company confirmed that the shares were transmitted consequent to the demise of Late Shri Ranchhod Prasad Ganediwal. Manish Joshi, Company Secretary & Compliance Officer, filed the intimation to BSE Limited on June 14, 2026.

Change in Holding Details

The transaction details regarding the change in shareholding were outlined in Form C submitted to the exchange. The acquisition was executed via inter-se transmission at a nil value, as it was an inheritance transfer rather than a market transaction.

The company stated that no trading activity occurred in the derivatives segment regarding this transaction. The filing confirms that the transfer was completed off-market, specifically as an inter-se transfer between promoter family members.

mid india industries has reported its audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The company's board approved the results during a meeting held on May 22, 2026. For the full year, the entity returned to profitability, registering a net profit of ₹29.85 lakh against a net loss of ₹11.79 lakh in the corresponding period of the previous year. The company has submitted copies of newspaper advertisements published on May 23, 2026, in Free Press Mumbai & Indore and Choutha Sansar, complying with Regulation 47 of SEBI (LODR) Regulations, 2015.

Financial Performance for FY26

Revenue from operations for the year ended March 31, 2026, rose to ₹1,312.11 lakh from ₹632.17 lakh in the prior year. Total income for the period stood at ₹1,323.38 lakh. The company managed its total expenses effectively, which amounted to ₹1,289.45 lakh for the year. Profit before tax for the fiscal year was recorded at ₹33.93 lakh, a significant turnaround from the loss before tax of ₹12.61 lakh in FY25.

Quarterly Results

For the quarter ended March 31, 2026, Mid India Industries reported a net profit of ₹34.72 lakh. This compares to a net loss of ₹3.84 lakh in the same quarter of the previous year. Revenue from operations for Q4 FY26 was ₹693.43 lakh, up from ₹137.43 lakh in Q4 FY25. Total expenses for the quarter were ₹662.59 lakh. The basic and diluted earnings per share (EPS) for the quarter stood at ₹0.21.

Key Financial Metrics

The following table summarizes the audited financial results for the quarter and year ended March 31, 2026:

Auditor's Report and Assets

The statutory auditors, ATM & Associates, provided an unmodified opinion on the annual audited financial results. However, the auditors included an emphasis of matter noting that the accumulated losses of the company have wiped off the book value of its net worth. As of March 31, 2026, the company's total assets were valued at ₹333.92 lakh, while its equity and liabilities totaled the same amount. Reserves, excluding revaluation reserve, stood at a negative ₹2,048.18 lakh.