Mahip Industries Ltd

Mahip Industries Ltd's Board approved the audited financial results for the half-year and year ended March 31, 2026. The auditor, B. A. BEDAWALA & CO., issued a qualified opinion on these results. Key reasons for the qualification include the non-receipt of balance confirmations for trade receivables, payables, loans, and advances, contravention of Section 73 of the Companies Act, 2013 regarding accepted loans/deposits, and non-revaluation of fixed assets as per Accounting Standard (AS) 10. The auditor also highlighted an emphasis of matter regarding ₹32.80 lakhs from VAT pre-deposit balances, previously expensed, now credited to income, which increased the current year's profit.

Mahip Industries Ltd's Board of Directors approved the audited financial results for the half year and year ended March 31, 2026. The independent auditor, B. A. Bedawala & Co., issued a qualified opinion on these results. The qualifications stem from the company's failure to obtain balance confirmations for trade receivables, payables, and loans/advances, contravention of Section 73 of the Companies Act regarding loan/deposit acceptance, and non-revaluation of fixed assets as per AS 10. Additionally, the auditor highlighted an emphasis of matter regarding the recognition of ₹32.80 lakhs from VAT pre-deposit balances and ₹5.61 lakhs in related interest income, which boosted current year profits and are considered non-recurring.

Mahip Industries Ltd has announced that its Board of Directors will convene on Monday, April 27, 2026. The primary agenda for this meeting is to consider and approve the Audited Financial Results for the half year and the full financial year ended March 31, 2026. Additionally, the company reiterated that its trading window remains closed for all designated persons, connected persons, and their immediate relatives. This closure, which began on April 1, 2026, will continue until 48 hours after the declaration of the audited financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Rajiv Govindram Agarwal has disposed of 16.11% equity shares in Mahip Industries Ltd. The disposal took place off-market on 13th March 2026. The total shares disposed of amount to 31,00,000 out of the total 60,55,136 shares of the company. This disposal has resulted in a decrease in Rajiv Govindram Agarwal's share from 47.58% to 31.47% in the company.

Mamta Rajiv Agrawal has acquired 16.11% equity shares in Mahip Industries Ltd. The total shares held by Mrs. Agrawal before the acquisition were 6.39%, which have now increased to 22.50%. The total equity share capital of the company before and after the acquisition remains the same at Rs. 19,23,99,840 divided into 1,92,39,984 shares. This acquisition was made off-market on 13/03/2026.

Mahip Industries Ltd announced that promoters Rajiv Agrawal and Mamta Rajiv Agrawal have acquired shares of the company through off-market transactions. The total number of shares acquired by Rajiv Agrawal is 31,00,000, which is 22.50% of the total shares. Mamta Rajiv Agrawal, on the other hand, acquired 12,28,528 shares, which is 6.39% of the total shares. The shares were acquired through a gift deed transaction on 13th March 2026. The company has requested to take this disclosure on record.

Pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Mahip Industries Ltd. has disclosed the acquisition of equity shares by Mamta Rajiv Agrawal. Mrs. Agrawal acquired 9,50,000 shares carrying voting rights, which amounts to 4.94% of the total voting rights. Before the acquisition, her holding was 1.45%, and after the acquisition, it is now 6.39%. The total diluted share/voting capital of the TC after the acquisition is 1,92,39,984 Equity shares of Rs. 10/- each.

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Rajiv Govindram Agarwal has disposed of equity shares of Mahip Industries Ltd. The disposal took place on the 12th of March, 2026. The total shares held by Mr. Agarwal before the disposal were 1,01,05,136, which amounted to 52.52% of the total shares. Post disposal, the shares held by Mr. Agarwal are 91,55,136, which is 47.58% of the total shares.

According to the Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, Mahip Industries Ltd. has disclosed changes in the holding of securities of promoters, employees, or directors. Rajiv Agrawal, a promoter, has acquired 9,50,000 equity shares through an off-market sale on the 12th of March, 2026, and transferred these shares to another party on the same day through a gift deed. This has resulted in a change in Agrawal's shareholding from 52.52% to 47.58%. No trading in derivatives has been reported for this period.

Rajeev Govindram Agrawal HUF, a promoter of Mahip Industries Limited, has disclosed the sale of equity shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The sale includes 20,000 shares at 0.103% of the total voting rights, 1,56,000 shares at 0.810% of the total voting rights, and 24,000 shares at 0.124% of the total voting rights. The total shares sold amount to 1.037% of the total voting rights.