Mohite Industries Limited secured shareholder approval to regularize the appointment of Mr. Sangramsinh Subhashrao Nimbalkar and reappoint Mr. Bhushan Madhukar Deshpande and Mr. Nikhil Vijay Nawandhar as Non-Executive Independent Directors for five years. The resolutions were passed at an adjourned Extra-Ordinary General Meeting (EGM) held on June 15, 2026, after the initial meeting on June 8, 2026, was adjourned due to a lack of quorum. The appointments ensure governance continuity, with Mr. Nimbalkar's regularization effective from March 09, 2026, and the reappointments of Mr. Deshpande and Mr. Nawandhar effective from October 24, 2025.

Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the voting results. CS Sachin Gajanan Bidkar, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the remote e-voting and physical voting processes. The remote e-voting facility was available from June 05, 2026, to June 07, 2026, with the cut-off date for determining voting rights set as June 01, 2026. The filing was submitted to BSE Limited on June 17, 2026.

Voting Results Summary

All three special resolutions were passed with the requisite majority. Promoters, holding 13,83,26,630 shares, voted entirely in favour through physical polling. Public non-institutions participated via both e-voting and physical polls, with a total of 16,09,03,477 votes cast on the regularization of Mr. Nimbalkar and 16,09,04,877 votes cast on the reappointment of Mr. Nawandhar.

Director Profiles

Mr. Sangramsinh Subhashrao Nimbalkar holds a diploma in civil engineering and possesses over 30 years of experience in government and semi-government industrial construction work. Mr. Bhushan Madhukar Deshpande, a Diploma in Pharmacy holder, has been running a proprietary medical shop since 1989 and currently serves as the Chairman of the Pune Cricket Association. Mr. Nikhil Vijay Nawandhar is a practicing Chartered Accountant in Sangli since 2006, specializing in taxation and audit. The company confirmed that none of the directors are related to existing Directors or Key Managerial Personnel.

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.