Mohit Industries Limited has announced that its board meeting is scheduled to be held on Friday, May 29, 2026. The meeting will be convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary purpose of the meeting is to consider and approve the audited standalone and consolidated financial results of the company. The results will cover the performance for the quarter and the financial year ended March 31, 2026. The board will also discuss any other item with the permission of the chair.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for dealing in its securities. This closure came into effect from April 1, 2026. The window will remain closed until 48 hours after the financial results are declared to the Stock Exchanges.

Company Details

Mohit Industries Limited is an ISO 9001:2015 certified company. The intimation regarding the board meeting was addressed to BSE Limited and The National Stock Exchange of India Limited, providing the necessary details regarding the upcoming proceedings.

Mohit Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a mixed performance with revenue growth offset by widening losses. The textile company's Board of Directors approved the results at a meeting held on February 13, 2026.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹3628.86 lacs for Q3FY26, marking a sequential improvement from ₹3453.60 lacs in Q2FY26. However, the net loss widened to ₹29.58 lacs compared to ₹15.09 lacs in the previous quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹10306.95 lacs compared to ₹7646.50 lacs in the corresponding period of the previous year. The net loss for the nine-month period stood at ₹67.89 lacs, an improvement from ₹200.41 lacs in the same period last year.

Operational Highlights and Strategic Initiatives

The company implemented several strategic cost-optimization measures during the period. Solar power generation contributed to reduced energy expenses, though adverse weather conditions in the second quarter temporarily restricted utilization to approximately 65% of installed capacity. Generation levels improved in the current quarter and are expected to normalize further.

A significant development was the recent change in BIS guidelines, which removed the company's raw material from the mandatory compliance list. This change enables increased imports at more competitive prices, providing greater sourcing flexibility and expected cost reductions in future periods.

Regulatory Compliance and Publication

In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its unaudited financial results in Financial Express all India editions (English) and Financial Express, Ahmedabad edition (Gujarati) newspapers on February 16, 2026. The publication extract was submitted to BSE Limited and National Stock Exchange of India Limited.

Earnings Per Share and Other Metrics

The company reported basic and diluted earnings per share of ₹(0.21) for Q3FY26, compared to ₹(0.11) in Q2FY26. The paid-up share capital remained stable at ₹1415.76 lacs with a face value of ₹10 per share.

Consolidated Results

On a consolidated basis, the company reported similar performance metrics, with the inclusion of associate companies Mohit Overseas Limited (49.25% stake) and Mohit Yarns Limited (49.48% stake). The consolidated net loss attributable to owners stood at ₹28.34 lacs for Q3FY26.

Auditor's Qualification

The auditors noted that the company has not provided for post-employment benefits and other long-term employee benefits under defined benefit plans on an accrual basis, which deviates from Ind AS-19 requirements. The company management stated that these benefits are paid as and when they become due, considering the amounts negligible relative to the company's size.