Quarterly Result28 Apr 2026, 09:13 pm
Mitshi India Board Approves FY26 Results; Auditor Issues Qualified Opinion
AI Summary
Mitshi India Ltd's Board of Directors met on April 28, 2026, and approved the standalone audited financial results for the quarter and year ended March 31, 2026. However, the independent auditor, SDPM & Co., issued a qualified opinion on these results. The auditor stated that the financial results do not present a true and fair view in conformity with Indian Accounting Standards. The basis for this qualified opinion includes the company's substantial cash transactions in agricultural product trading, reliance on GST returns for turnover due to non-banking sales, and outstanding balances of trade receivables, payables, and unsecured loans being subject to confirmation and supporting documents.
Key Highlights
- Board approved standalone audited financial results for FY26.
- Independent auditors issued a qualified opinion on the results.
- Qualified opinion cited substantial cash transactions in business.
- Auditors relied on GST returns for turnover due to cash sales.
- Receivables, payables, and loans require further confirmation.