Mystic Electronics Limited held its Board of Directors meeting on Thursday, May 14, 2026, and approved the audited financial results for the quarter and financial year ended March 31, 2026. The meeting, conducted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 12:00 PM and concluded at 01:55 PM. The intimation was filed with the Department of Corporate Services, BSE Limited, and signed by Managing Director Mohit Khadaria (DIN: 05142395).

Key Outcomes of the Board Meeting

In addition to approving the audited financial results, the Board also approved the re-appointment of M/s. Sanjonaa & Associates, Chartered Accountants (Firm Registration No. 157896W), as the Internal Auditor of the Company for Financial Year 2026-27. The re-appointment was made pursuant to Section 138 of the Companies Act, 2013 and applicable SEBI (LODR) Regulations, based on the recommendation of the Audit Committee. The firm, based in Andheri West, Mumbai, has expertise in statutory audit, internal audit, tax audit, GST audit, and allied advisory and compliance services.

Further, the trading window for dealing in the securities of the company, which had been closed with effect from April 1, 2026, was declared to re-open after 48 hours of the declaration of the audited financial results. The statutory audit was conducted by M/s. Ashok Shetty & Co., Chartered Accountants (FRN: 117134W), who expressed an unmodified opinion on the financial results. A declaration to this effect was submitted by Chief Financial Officer Nitin Pawaskar pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015.

Financial Performance: Quarter and Year Ended March 31, 2026

The company reported no revenue from operations for both the quarter and full year under review. Total income was entirely derived from other income. The following table presents the key financial metrics (all figures in ₹ Lakhs, except EPS):

The paid-up equity share capital remained unchanged at ₹1,976.625 lakhs (face value ₹10 per share). Other equity stood at ₹913.316 lakhs as at March 31, 2026, compared to ₹885.453 lakhs as at March 31, 2025. The company operates within a single operating segment, and accordingly, the disclosure requirements of IND AS 108 are not applicable.

Statement of Assets and Liabilities

The following table summarises the company's balance sheet position as at March 31, 2026, compared to the previous year (all figures in ₹ Lakhs):

Cash Flow Summary

The company's cash flow statement for the year ended March 31, 2026 reflects a net cash outflow from operating activities of ₹928.626 lakhs, compared to a net inflow of ₹98.308 lakhs in the previous year. This was primarily driven by an increase in loans and advances of ₹943.044 lakhs. Net cash from investing activities stood at ₹819.959 lakhs, supported by changes in partnership capital account of ₹777.272 lakhs and interest received of ₹22.413 lakhs. The net decrease in cash and cash equivalents for the year was ₹108.667 lakhs, with closing cash and cash equivalents at ₹2.590 lakhs compared to an opening balance of ₹111.256 lakhs.

The audited financial results, along with the auditors' report and the statement of assets and liabilities, are available on the company's website at www.mystic-electronics.com and on the BSE website at www.bseindia.com .

Mystic Electronics Limited has submitted a regulatory disclosure to BSE confirming that the company does not qualify as a Large Corporate under SEBI's regulatory framework for the financial year ended March 31, 2026. The disclosure was filed on April 17, 2026, in compliance with mandatory reporting requirements.

Regulatory Compliance Framework

The disclosure was made pursuant to multiple SEBI circulars that govern Large Corporate classifications and compliance requirements:

These circulars specifically address fund raising by issuance of debt securities by Large Corporates and establish the disclosure and compliance requirements for such entities.

Company Status Confirmation

Mystic Electronics Limited confirmed that as of the financial year ended March 31, 2026, the company does not fall under the Large Corporate category as defined by SEBI's framework and applicability criteria. This classification affects the company's regulatory obligations, particularly regarding debt securities issuance and associated compliance requirements.

Filing Details

The disclosure was formally submitted to BSE Limited's Department of Corporate Services and signed by Company Secretary and Compliance Officer Pallavi Bohra. The document serves as the initial disclosure for non-applicability of the Large Entity Framework, ensuring the company meets its regulatory reporting obligations under the specified SEBI circulars.