Mohite Industries Limited adjourned its Extra-Ordinary General Meeting (EOGM) on June 8, 2026, due to the absence of the requisite quorum. The meeting, originally scheduled to be held at 11:00 am, could not proceed as required under the Companies Act, 2013, and the company's Articles of Association. The adjournment delays the approval of key agenda items related to the regularization and reappointment of independent directors, necessitating a new date for shareholder decisions.

The company informed BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory disclosure confirmed that the statutory provisions for adjournment were followed following the lack of participation.

The adjourned EOGM is now scheduled for June 15, 2026, at 11:00 am at the Registered Office of the Company in Kolhapur. The business to be transacted remains unchanged and includes the regularization of Mr. Sangramsinh Subhashrao Nimbalkar as a Non-Executive Independent Director and the reappointment of Bhushan Madhukar Deshpande and Nikhil Vijay Nawandhar as Non-Executive Independent Directors for a second term of five consecutive years.

Key Meeting Details

The filing was digitally signed by Shivaji Ramchandra Mohite, Managing Director of Mohite Industries Limited.

Mohite Industries reported a consolidated profit after tax of ₹362.22 lakh for the financial year ended March 31, 2026. The total income from operations for the consolidated entity stood at ₹15,333.66 lakh for FY26, compared to ₹16,675.28 lakh in the previous year. The company's basic earnings per share (EPS) on a consolidated basis was ₹0.18 for FY26.

The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026. The results were reviewed and recommended by the Audit Committee. The financial statements were prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.

Financial Performance

The company reported a profit before tax of ₹482.83 lakh for the consolidated entity in FY26, down from ₹567.98 lakh in FY25. The paid-up equity share capital remained constant at ₹2,009.97 lakh. Reserves, excluding revaluation reserve, stood at ₹9,599.39 lakh as of March 31, 2026, compared to ₹9,395.50 lakh in the previous year.

The standalone financial results for the year ended March 31, 2026, reflected a turnover of ₹9,933.20 lakh, a profit before tax of ₹102.98 lakh, and a profit after tax of ₹32.36 lakh. For the quarter ended March 31, 2026, standalone turnover was ₹2,489.01 lakh, with a profit after tax of ₹0.21 lakh.

Regulatory Compliance

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted copies of newspaper clippings published in Financial Express and Sakal (Marathi) on June 01, 2026, regarding the audited financial results. The submission was made to BSE Limited on June 02, 2026.