M.K. Proteins Reports Strong Q1 Growth, Announces Auditor Changes

MK Proteins Limited, a leading manufacturer of vegetable refined oil, has reported robust financial results for the first quarter ended June 30, 2025, alongside significant changes in its auditing team.

Financial Performance

The company witnessed substantial growth in its Q1 FY2025-26 performance:

Particulars (₹ in Lacs)	Q1 FY2025-26	Q1 FY2024-25	YoY Change
Revenue from Operations	11,494.60	5,733.30	100.49%
Net Profit	351.32	248.13	41.59%

M.K. Proteins' revenue from operations doubled to ₹11,494.60 lacs in Q1 FY2025-26, compared to ₹5,733.30 lacs in the same quarter last year, marking a significant year-on-year growth of 100.49%. The company's net profit also saw a substantial increase, rising by 41.59% to ₹351.32 lacs from ₹248.13 lacs in the corresponding quarter of the previous fiscal year.

Auditor Changes

In a board meeting held on August 12, 2025, M.K. Proteins announced several changes to its auditing team:

Statutory Auditor Resignation: M/s. KRA & Co., Chartered Accountants (FRN: 020266N), the company's statutory auditors, have resigned effective August 12, 2025. The company stated that no concerns were raised by the outgoing auditors regarding their departure.
New Statutory Auditor Appointment: The board has approved the appointment of M/s. Subhash Sajal & Associates, Chartered Accountants (FRN: 018178N), as the new statutory auditors. They will fill the casual vacancy left by KRA & Co. and will hold office until the conclusion of the 13th Annual General Meeting. This appointment is subject to shareholder approval within three months.
Secretarial Auditor Appointment: M/s. J.P. Jagdev & Co., a peer-reviewed firm of practicing company secretaries, has been appointed as the secretarial auditors for a five-year term from FY2025-26 to FY2029-30. This appointment is subject to approval at the upcoming Annual General Meeting.

Company Operations

M.K. Proteins Limited continues to focus on its core business of manufacturing vegetable refined oil. The company reported no separate reportable segments, indicating a concentrated approach to its primary operations.

The unaudited financial results for Q1 FY2025-26 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on August 12, 2025. These results are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.15%	-0.59%	-5.76%	+4.84%	-25.86%	+152.26%

MK Proteins Limited has announced that its statutory auditors, M/s KRA & Co., Chartered Accountants, have tendered their resignation. The company, which is engaged in the protein products industry, disclosed this development in a regulatory filing to the stock exchanges.

Key Details of the Resignation

Effective Date: The resignation will take effect from the close of business hours on August 12, 2025.
Final Task: KRA & Co. will submit the Limited Review Report for the quarter ended June 30, 2025, before their departure.
Regulatory Compliance: The resignation was intimated under Regulation 30 of SEBI (LODR) Regulations, 2015.

Company's Response

MK Proteins Limited has stated that its Audit Committee and Board of Directors will address the resignation at their upcoming meeting scheduled for August 12, 2025. During this meeting, they will also recommend the appointment of new statutory auditors for shareholders' approval.

Regulatory Disclosures

The company has provided detailed disclosures as required by SEBI regulations:

The resignation letter from M/s KRA & Co. was received on August 5, 2025.
The auditors will complete all requisite certifications and provide other necessary documents for the period up to June 30, 2025.
MK Proteins Limited has submitted the required annexures to the stock exchanges, including the reasons for the change and the effective date of resignation.

About MK Proteins Limited

MK Proteins Limited's registered office is located in Ambala City, Haryana.

This change in statutory auditors comes as companies continue to ensure robust financial reporting and corporate governance practices. Shareholders and market participants will likely keep a close watch on the appointment of new auditors and any potential impact on the company's financial reporting processes.