Mid India Industries Limited announced its 35th Annual General Meeting will be held on Monday, September 28, 2026. The gathering is scheduled to commence at 2:00 pm.

The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This format aligns with applicable provisions of the Companies Act, 2013, alongside circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Shareholder Participation Details

Members will access the meeting via an electronic platform provided by Central Depository Services (India) Limited (CDSL). In compliance with recent regulatory updates, electronic copies of the AGM notice and the Annual Report for FY26 will be dispatched to shareholders who have registered email addresses with the company, its Registrar and Share Transfer Agent (RTA), or their Depository Participants.

For shareholders without registered email addresses, the RTA or the company will send a letter containing a web link to the complete Annual Report details. Physical copies of the Annual Report will only be provided upon specific request.

E-Voting and Email Registration

Shareholders holding shares as of the cut-off date will have the opportunity to cast votes electronically through remote e-voting or during the AGM. The detailed procedure for voting is outlined in the official AGM notice.

Members holding shares in physical mode are requested to register or update their email addresses with Ankit Consultancy Private Limited, the company’s RTA. This can be done by submitting Form ISR-1 as per SEBI Circular No. HO/38/13(4)/2026-MIRSD-PODI/4298/2026 dated February 6, 2026. Demat holders must update their details directly with their respective Depository Participants.

Regulatory Compliance Window

SEBI has opened a special one-time window from February 5, 2026, to February 4, 2027. This period facilitates the re-lodgment, transfer, and dematerialisation of physical securities sold or purchased before April 1, 2019, where transfer deeds were previously rejected or unprocessed due to deficiencies. Shareholders are advised to complete these processes within the stipulated timeframe.

Mid India Industries reported a net loss of ₹10.57 lakh for the first quarter ended June 30, 2026, marking a significant shift from the net profit of ₹2.11 lakh recorded in the corresponding period of the previous fiscal year. While revenue from operations expanded by 34% to ₹204.21 lakh from ₹149.47 lakh in Q1FY26, the bottom line contracted due to a sharper rise in operational costs. The unaudited financial results were approved by the Board of Directors in its meeting held on August 12, 2026.

The company’s total expenses climbed 46% year-on-year to ₹214.78 lakh, outpacing top-line growth. Purchases of stock-in-trade increased to ₹187.60 lakh from ₹135.00 lakh, while other expenses surged to ₹31.30 lakh from ₹5.70 lakh. Employee benefits expense also more than doubled to ₹7.35 lakh from ₹3.30 lakh. Consequently, earnings per share turned negative at -₹0.06, compared to ₹0.01 in Q1FY25. For the full year ended March 31, 2026, the company had reported a net profit of ₹29.85 lakh on revenue of ₹1,323.38 lakh.

What the Numbers Show

A key divergence in the financials is the decoupling of revenue growth from profitability. Despite a 34% increase in revenue, the company moved from profit to loss because expense growth (46%) significantly outstripped income growth. Specifically, 'other expenses' rose nearly five-fold, absorbing the gains from higher sales volume and inventory adjustments. This suggests pressure on operating margins that warrants monitoring in subsequent quarters.

Corporate Governance Update

The Board of Directors considered corporate governance matters including the re-appointment of M/s. ATM & Associates, Chartered Accountants (FRN: 017397C), as the Statutory Auditors of the company. The firm is proposed for a second term of five consecutive years, commencing from FY 2026-27 till FY 2030-31. This appointment is subject to shareholder approval at the ensuing 35th Annual General Meeting.

The re-appointment is effective from September 28, 2026, following the conclusion of the 35th AGM until the conclusion of the 40th AGM. M/s. ATM & Associates, based in Indore, has been engaged in the profession since 2012 and holds an overall standing of more than 13 years. The unaudited financial results were reviewed by the Audit Committee and approved by the Board, with the limited review report issued by Anand Seksaria, Partner at ATM & Associates.

The 35th Annual General Meeting is scheduled for September 28, 2026, to be conducted through Video Conferencing or Other Audio-Visual Means. In compliance with Regulation 47 of SEBI (LODR) Regulations, 2015, the company published newspaper advertisements regarding the financial results in Free Press Journal (Mumbai & Indore editions) and Chautha Sansar and Nav Shakti (Mumbai edition) on August 13, 2026.