Mishka Exim Limited has accepted the resignation of Rajneesh Kumar Garg from the position of Independent Director, effective July 27, 2026. The company notified BSE Limited on July 28, 2026, stating that Garg tendered his resignation due to other commitments and unavoidable circumstances. This change in board composition requires shareholders to note the updated directorship structure as the company proceeds with its governance obligations.

The resignation was filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the disclosure aligns with SEBI Circular No. SEBI/HO/CFD/PoD1/P/CIR/2023/123 dated July 13, 2023. Rajneesh Gupta, Managing Director of Mishka Exim Limited, signed the intimation letter submitted to the exchange.

Garg confirmed in his resignation letter that there are no material reasons for his departure other than those explicitly mentioned. The company enclosed the resignation letter as Annexure A and the required regulatory details as Annexure B in its filing. Garg holds DIN 07102529 and resides in Delhi.

Resignation Details

The following table outlines the key particulars of the directorship change as disclosed by the company:

Garg does not hold any directorships in other listed entities at the time of his resignation. The company has requested the registrar of companies to update its records accordingly following the submission of necessary forms.

Mishka Exim Limited reported a significant operational turnaround in its unaudited financial results for the first quarter ended June 30, 2026 (Q1FY26), with standalone revenue from operations surging 225% year-on-year to ₹707.84 lakh from ₹217.65 lakh in the corresponding period of FY25. Despite the top-line growth, net profit after tax declined by 9.6% to ₹16.20 lakh from ₹17.81 lakh, reflecting increased operational costs during the expansion phase. Concurrently, the company appointed Rakesh Aggarwal as an Additional Director in the category of Non-Executive Independent Director, effective July 27, 2026, to strengthen its governance framework.

The revenue surge marks a pivotal shift for Mishka Exim, which reported consolidated revenue of ₹2,263.03 lakh for the full fiscal year ended March 31, 2026 (FY26). The Q1FY26 performance indicates accelerated business momentum early in the new fiscal cycle. However, the contraction in net profit highlights margin pressure, as profit before tax fell to ₹21.59 lakh from ₹23.80 lakh in Q1FY25. The Board of Directors attributed the profit dip to higher operational expenses associated with scaling activities.

Financial Performance Overview

The company’s financial disclosures, filed pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provide a detailed breakdown of its performance. The following table outlines key financial metrics for the quarter ended June 30, 2026, compared to the previous year and the audited annual figures.

Consolidated figures mirrored the standalone trends, with consolidated revenue reaching ₹707.84 lakh and consolidated net profit settling at ₹15.99 lakh for Q1FY26. The paid-up equity share capital remained unchanged at ₹1,445.00 lakh.

Governance Update: New Independent Director

To bolster strategic oversight, Mishka Exim’s Board approved the appointment of Rakesh Aggarwal as an Additional Director in the category of Non-Executive Independent Director. The decision was taken at the Board meeting held on July 27, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Aggarwal’s appointment is subject to shareholder approval at the next General Meeting or within three months of his appointment, whichever is earlier.

Mr. Aggarwal brings extensive expertise in finance, taxation, banking, mergers and acquisitions, and corporate advisory. His professional background includes handling bank audits, internal controls, supply chain management, and project finance across diverse industries. Management stated that his financial acumen will be instrumental in navigating the current operational changes and ensuring robust compliance. He has declared no relationship with other Board members and confirmed he is not debarred by SEBI, MCA, or NCLT.

What the Numbers Show

The divergence between revenue growth and profit decline in Q1FY26 suggests a period of aggressive investment or cost absorption. While revenue more than tripled compared to Q1FY25, operating leverage has not yet translated into bottom-line growth. This pattern often precedes margin stabilization as fixed costs are spread over a larger revenue base. The addition of an independent director with strong financial oversight experience may support the Board in managing these margin pressures and optimizing cost structures in subsequent quarters.