Mohit Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a mixed performance with revenue growth offset by widening losses. The textile company's Board of Directors approved the results at a meeting held on February 13, 2026.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹3628.86 lacs for Q3FY26, marking a sequential improvement from ₹3453.60 lacs in Q2FY26. However, the net loss widened to ₹29.58 lacs compared to ₹15.09 lacs in the previous quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹10306.95 lacs compared to ₹7646.50 lacs in the corresponding period of the previous year. The net loss for the nine-month period stood at ₹67.89 lacs, an improvement from ₹200.41 lacs in the same period last year.

Operational Highlights and Strategic Initiatives

The company implemented several strategic cost-optimization measures during the period. Solar power generation contributed to reduced energy expenses, though adverse weather conditions in the second quarter temporarily restricted utilization to approximately 65% of installed capacity. Generation levels improved in the current quarter and are expected to normalize further.

A significant development was the recent change in BIS guidelines, which removed the company's raw material from the mandatory compliance list. This change enables increased imports at more competitive prices, providing greater sourcing flexibility and expected cost reductions in future periods.

Earnings Per Share and Other Metrics

The company reported basic and diluted earnings per share of ₹(0.21) for Q3FY26, compared to ₹(0.11) in Q2FY26. The paid-up share capital remained stable at ₹1415.76 lacs with a face value of ₹10 per share.

Consolidated Results

On a consolidated basis, the company reported similar performance metrics, with the inclusion of associate companies Mohit Overseas Limited (49.25% stake) and Mohit Yarns Limited (49.48% stake). The consolidated net loss attributable to owners stood at ₹28.34 lacs for Q3FY26.

Auditor's Qualification

The auditors noted that the company has not provided for post-employment benefits and other long-term employee benefits under defined benefit plans on an accrual basis, which deviates from Ind AS-19 requirements. The company management stated that these benefits are paid as and when they become due, considering the amounts negligible relative to the company's size.

Mohit industries Limited has announced a significant revision to its proposed rights issue size following a Rights Issue Committee meeting held on February 4, 2026. The committee has decided to reduce the fundraising target from Rs. 25 crores to Rs. 15 crores while maintaining all other previously approved terms and conditions.

Rights Issue Revision Details

The Rights Issue Committee meeting, which commenced at 5:45 p.m. (IST) and concluded at 6:15 p.m. (IST), focused on revising the size of the proposed rights issue. This revision comes after the Board of Directors initially approved the rights issue for up to Rs. 25 crores during their meeting on November 14, 2025.

Rights Issue Structure

The company has provided comprehensive details about the proposed rights issue structure in compliance with Regulation 30 of SEBI Listing Regulations. The issue will involve equity shares offered through a rights issue to eligible existing shareholders.

Corporate Governance and Compliance

The announcement was signed by Narayan Sitaram Saboo, Managing Director & CFO (DIN: 00223324), ensuring proper corporate governance protocols. The company has confirmed that all other terms and conditions of the proposed rights issue, as previously approved by the Board of Directors, shall remain unchanged despite the size revision.

The meeting outcome has been made available on the company's website at www.mohitindustries.com , ensuring transparency and accessibility for stakeholders. This revision demonstrates the company's adaptive approach to capital raising while maintaining regulatory compliance and shareholder interests.