Mohite Industries Ltd

Mohite Industries Ltd has responded to a clarification sought by BSE Limited regarding recent price movements in its securities. The company stated that it has consistently disclosed all price-sensitive information as required by SEBI regulations. Mohite Industries asserts that it has not withheld any material information and attributes the share price fluctuation purely to market conditions, over which the company has no control or specific knowledge of the reasons. They have requested the exchange to take this clarification on record and offered further assistance if needed.

Mohite Industries Ltd has announced the closure of its trading window from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The closure applies to all designated persons and their immediate relatives, preventing any trading in the company's shares during this period to avoid potential insider trading. The date of the board meeting to approve these financial results will be communicated separately.

Mohite Industries Limited has announced changes in its board composition, appointing Mr. Sangramsinh Subhashrao Nimbalkar as a Non-Executive Independent Director for a term of 5 years. Additionally, Mr. Bhushan Madhukar Deshpande and Mr. Nikhil Vijay Nawandhar have been reappointed as Non-Executive Independent Directors, each for a 5-year term. All appointed directors have confirmed they are not debarred by any regulatory authority. Mr. Nimbalkar brings over 30 years of experience in government and semi-government industrial construction, while Mr. Deshpande has experience in the pharmaceutical retail sector and chairs the Pune Cricket Association.

Mohite Industries Ltd has adjourned its Extra-Ordinary General Meeting (EOGM) originally scheduled for June 8, 2026, due to a lack of quorum. The meeting will now be held on June 15, 2026, at the company's registered office. The primary agenda items include the regularization of Mr. Sangramsinh Subhashrao Nimbalkar as a Non-Executive Independent Director and the reappointment of Mr. Bhushan Madhukar Deshpande as a Non-Executive Independent Director for a second term.

Mohite Industries Ltd has announced the adjournment of its Extra-Ordinary General Meeting (EOGM) originally scheduled for June 8, 2026. The meeting could not proceed due to the absence of the required quorum. Consequently, the EOGM has been rescheduled and will now take place on June 15, 2026, at 11:00 am at the company's registered office. The business to be transacted remains the same as per the original notice.

Mohite Industries Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved the appointment of M/s. Sudhakar V Vhatte as the Cost Auditor for the financial year 2026-27, based on the recommendation of the Audit Committee. The board meeting was held on May 30, 2026.

Mohite Industries Ltd has filed a statement of deviation or variation as per Clause 32(1) under SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 for the quarter ended March 31, 2026. The company has reported 'NA' for all fields related to fund raising, deviation in fund utilization, and related comments from the audit committee and auditors.

Mohite Industries Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results (standalone and consolidated) for the financial year ended March 31, 2026. The meeting will be held at the company's registered office. The trading window for dealing in the company's shares by designated persons will remain closed from April 1, 2026, until 48 hours after the declaration of the financial results.

Mohite Industries Ltd. will hold an Extra Ordinary General Meeting (EGM) on June 8, 2026, at the company's registered office. The meeting will address special business, including the regularization and reappointment of Non-Executive Independent Directors. Shareholders as of the cut-off date, June 1, 2026, can cast their votes electronically through CDSL. The notice of the EGM includes details on e-voting.

Mohite Industries Ltd. has disclosed defaults on payment of interest and repayment of principal amount on loans from banks and financial institutions. The total amount outstanding as of the quarter ended 31st March 2026 is INR 7615.15 Crore, out of which INR 2905.79 Crore is in default. There are no defaults on unlisted debt securities. The disclosure is in accordance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November, 2019.