Mid India Industries Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results during their meeting held on February 3, 2026, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's Q3 FY26 performance presents a mixed picture, with strong revenue growth offset by operational challenges leading to losses. The trading-focused company demonstrated resilience in revenue generation while facing margin pressures.

Nine-Month Performance Analysis

For the nine-month period, Mid India Industries showed consistent revenue improvement while managing to reduce losses compared to the previous year. The company's trading activities generated substantial top-line growth across the extended period.

Operational Expenses and Cost Structure

The company's expense structure reveals key operational dynamics during Q3 FY26. Purchases of stock-in-trade increased significantly to ₹376.00 lakhs from ₹218.95 lakhs in the corresponding previous quarter. However, the company benefited from favorable inventory changes, recording a positive impact of ₹80.52 lakhs compared to an adverse impact of ₹2.32 lakhs in Q3 FY25.

Other expenses rose substantially to ₹43.09 lakhs in Q3 FY26 from ₹6.74 lakhs in the previous year's corresponding quarter. Employee benefits expense increased to ₹6.40 lakhs from ₹3.96 lakhs, while depreciation remained relatively stable at ₹1.21 lakhs.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee before Board approval. ATM & Associates, Chartered Accountants, conducted the statutory review and expressed an unmodified opinion on the unaudited financial statements. The company maintains its registered office in Mandsaur, Madhya Pradesh, with corporate office operations in Indore.

Business Segment Focus

Mid India Industries operates exclusively in trading activities, with no requirement for segment reporting during the quarter ended December 31, 2025. The company's paid-up equity share capital remains unchanged at ₹1,630.00 lakhs, with face value of ₹10 per share. The results will be published in Hindi and English newspapers and made available on the company's website and BSE platform for stakeholder access.

Mid India Industries Limited has announced the disposal of a significant income tax litigation that had been pending with the High Court of Madhya Pradesh. The company filed this disclosure under Regulation 30 of SEBI Listing Regulations on January 19, 2026, providing an update on litigation previously reported in August 2023.

Litigation Background and Financial Implications

The dispute originated from the Income Tax Department's decision to disallow income tax exemption claimed by the company's 100% Export Oriented Unit (EOU) for Assessment Year 1995-96. The case details and financial implications are outlined below:

Case Resolution Timeline

The litigation reached its conclusion in July 2025, with specific timeline details provided by the company:

Regulatory Compliance and Disclosure

Mid India Industries Limited filed this update in compliance with SEBI Listing Regulations, specifically under Regulation 30(4) and paragraph B of Part A of Schedule III. The company noted that there was no appearance from their side during the proceedings, and they were informed about the final order through their advocate.

The disclosure follows the company's earlier intimation filed on August 14, 2023, which had detailed the pending litigation in accordance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Whole-Time Director Bhawani Shankar Soni signed the regulatory filing, ensuring compliance with applicable SEBI Listing Regulations.

Corporate Information

Mid India Industries Limited operates with its registered office located in Textile Mill Area, Station Road, Mandsaur, Madhya Pradesh, and maintains its corporate office in Indore. The company has been maintaining transparency in its regulatory disclosures regarding litigation matters that may impact its operations and financial position.