Mishtann Foods has appointed CS Namrata Girish Vyas as its Company Secretary and Compliance Officer effective July 07, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination & Remuneration Committee. Additionally, the company approved a change in its registered office address to a new location in Ahmedabad.

The appointment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 10:30 A.M. and concluded at 11:00 A.M. on July 07, 2026.

CS Namrata Girish Vyas brings over nine years of experience in corporate compliance, secretarial practices, accounting, auditing, and ROC-related matters. She has handled BSE compliances, board and general meeting documentation, statutory registers, and ROC filings. Her experience includes working with chartered accountant and PCS firms, managing audits, XBRL filings, company incorporations, and SEBI compliance certifications.

The Board also approved the shift of the registered office from "B/905, Empire Business Hub, Opp. Shakti Farm, Science City Road, Sola, Ahmedabad – 380060" to "403, Ganesh Glory, Gota, Ahmedabad - 382470".

Key Appointment Details

Mishtann Foods published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in the Financial Express on June 1, 2026. The company reported a net profit of ₹599.37 lakh for the financial year, alongside revenue from operations of ₹34,841.57 lakh. For the quarter ended March 31, 2026, the company recorded a net profit of ₹4.89 lakh on revenue of ₹3,084.28 lakh. The Board of Directors approved these results at a meeting held on May 30, 2026.

The statutory auditors, H Thakkar & Co. LLP, issued a qualified opinion on the standalone and consolidated financial results. The qualification stems from an interim order cum show cause notice dated December 5, 2024, from the Securities and Exchange Board of India (SEBI). The regulator alleged that a substantial portion of sales and purchase transactions recorded between FY 2017-18 and FY 2023-24 were fictitious and alleged misutilisation of rights issue proceeds amounting to ₹4,990.00 lakhs. The management has denied the allegations and is pursuing legal remedies.

Auditors further noted that the company failed to implement accounting software with an audit trail feature as required under the Companies (Accounts) Rules, 2014. Additionally, the company did not carry out impairment assessment or Expected Credit Loss evaluation for trade receivables amounting to ₹59,370.57 lakhs as of March 31, 2026. Due to ongoing regulatory proceedings, auditors stated they are unable to determine the extent of adjustment required for impairment loss.

The company faces significant statutory liabilities, including a Goods and Services Tax (GST) demand of ₹20,684.38 lakhs for the period July 1, 2017, to July 17, 2022, and an unpaid income tax liability of ₹166.89 lakhs for FY 2025-26. A disputed income tax demand of ₹11,744.00 lakhs is also pending adjudication. The auditors highlighted that these matters, combined with substantial trade receivables, indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

In other decisions, the Board appointed M/s. Mikil Vora & Associates as Internal Auditors for FY 2026-27 and M/s. J. M. Patel & Bros. as Tax Auditors for Assessment Year 2026-27.

Financial Performance (Standalone)