Mohit Industries has updated the contact details of its Key Managerial Personnel (KMP) authorised for determining materiality and making disclosures to stock exchanges.

The Surat-based textile firm submitted the disclosure to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 12, 2026. The update is pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Updated Contact Details

The company provided the following contact information for its key executives:

Mr. Narayan Sitaram Saboo, who holds the dual role of Managing Director and Chief Financial Officer, was listed with the company name as his contact point. Mr. Jatin Kharwa, serving as Company Secretary and Compliance Officer, provided specific office address and communication channels in Surat.

The disclosure was signed by Narayan Sitaram Saboo, bearing DIN 00223324.

Mohit Industries Limited reported a narrowing loss for the first quarter of FY27, with standalone profit after tax (PAT) improving to a loss of ₹31.74 lakh compared to a loss of ₹43.22 lakh in Q1FY26. Consolidated PAT attributable to owners of the parent showed a similar improvement, recording a loss of ₹29.17 lakh versus a loss of ₹42.83 lakh in the prior year period.

Revenue from operations declined significantly year-on-year, falling to ₹2,483.29 lakh from ₹3,224.49 lakh in Q1FY25. This represents a contraction of approximately 23% in top-line growth for the quarter ended June 30, 2026.

Financial Performance

The company’s total income stood at ₹2,641.43 lakh, driven by other income of ₹158.14 lakh, which more than tripled from ₹50.00 lakh in the corresponding quarter last year. Total expenses decreased to ₹2,668.32 lakh from ₹3,332.25 lakh in Q1FY25, primarily due to lower cost of materials consumed (₹1,998.38 lakh vs ₹2,374.38 lakh) and reduced other expenses (₹300.80 lakh vs ₹607.78 lakh).

Basic earnings per share (EPS) for continuing operations were negative ₹0.22 per share, an improvement from negative ₹0.31 per share in Q1FY26.

What the Numbers Show

While revenue contracted sharply, the company managed to reduce its operating losses through significant expense control. Other income contributed substantially to the bottom line, accounting for nearly half of the total income in the quarter. This divergence between declining core revenues and rising non-operating income highlights a shift in the composition of total earnings during the period.

Key Managerial Personnel Changes

The Board of Directors, meeting on August 12, 2026, approved changes in key managerial personnel. Ms. Zinal Modi resigned from the post of Company Secretary and Compliance Officer with immediate effect, citing personal reasons and professional growth opportunities.

In her place, Mr. Jatin Kharwa was appointed as Company Secretary and Compliance Officer, effective August 12, 2026. Mr. Kharwa is an Associate Member of the Institute of Company Secretaries of India (Membership No. A57318) with over five years of post-qualification experience in corporate secretarial functions and compliance management.

Auditor Qualification

The independent auditor, Rajendra Sharma & Associates, issued a limited review report with a qualification regarding employee benefits. The firm 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, deviating from Ind AS 19. The auditor stated that if Ind AS 19 were followed, employee benefit expenses would have increased, and profits would have reduced. The management maintained that the liability is negligible and does not impact the financial position.

The company also announced that its 36th Annual General Meeting will be held on September 30, 2026, via video conferencing.