Mihika Industries reported a net profit of ₹8.62 lakh for the financial year ended March 31, 2026, compared to ₹5.46 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹267.64 lakh, a significant decline from ₹3473.83 lakh in the prior year. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

The statutory auditor, M/s. S K Bhavsar & Co., issued an unmodified opinion on the standalone financial results. However, the report included an emphasis of matter regarding the absence of balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain trade receivable and trade payable balances. Consequently, the auditors were unable to verify the existence, completeness, accuracy, and recoverability of these balances. Additionally, the company did not provide satisfactory supporting documents for the completeness of inventory valuation.

The auditor further noted that the company failed to appoint an internal auditor for the entire Financial Year 2025-26, constituting a non-compliance with Section 138 of the Companies Act, 2013. This absence has resulted in a significant gap in the internal control framework, potentially affecting the reliability of financial information. The auditor also highlighted that confirmations and supporting loan agreements were not made available for certain loans granted by the company, preventing verification of their accuracy, recoverability, and interest-free nature.

For the quarter ended March 31, 2026, the company reported a net profit of ₹1.45 lakh, compared to a net loss of ₹73.09 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹58.53 lakh, while total expenses stood at ₹59.60 lakh. The board also appointed M/s. Jay Pandya & Associates as the Secretarial Auditor for the Financial Year 2025-26.

Financial Performance for FY26

The following table outlines the financial performance of Mihika Industries for the year ended March 31, 2026, compared to the previous year:

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹2,215.81 lakh, slightly up from ₹2,206.04 lakh in the previous year. Non-current assets included loans amounting to ₹1,717.79 lakh. Current assets comprised inventories of ₹230.55 lakh and trade receivables of ₹157.13 lakh. Total equity and liabilities increased marginally to ₹2,215.81 lakh, with equity share capital remaining constant at ₹1,000.00 lakh.

Mihika Industries Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 11, 2026. The certificate was issued by ABS Consultant Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA).

Certificate Confirmation Details

ABS Consultant Private Limited, authorized as a SEBI Category-1 Registrar and Share Transfer Agent with NSDL and CDSL connectivity, confirmed several key compliance aspects in their certificate dated April 1, 2026:

• Details of securities dematerialized during the quarter were furnished to depositories and all stock exchanges where company shares are listed
• Securities received for dematerialization were mutilated and cancelled within stipulated time after due verification
• The depository name was substituted in records as the registered owner
• Dematerialized security certificates are listed on stock exchanges where earlier issue securities were listed

Corporate Information

The submission was signed by Bipinbhai Prajapati, Managing Director (DIN: 11000222), on behalf of Mihika Industries Limited. The company maintains its registered office in Kolkata and corporate office in Ahmedabad, Gujarat.

Regulatory Framework

This quarterly submission is part of the ongoing compliance requirements under SEBI regulations, ensuring transparency and proper handling of dematerialized securities. The certificate validates that the company and its RTA have maintained proper procedures for securities dematerialization during the specified quarter.