| General Information | ||
| BSE Scrip code | 539594 | |
| NSE Symbol* | NOTLISTED | |
| MSEI Symbol * | MISHTANN | |
| ISIN* | INE094S01041 | |
| Type of company | Main Board | |
| Class of security | Equity | |
| Date of start of financial year | 01-04-2025 | |
| Date of end of financial year | 31-03-2026 | |
| Date of board meeting when results were approved | 13-02-2026 | |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 09-02-2026 | |
| Description of presentation currency | INR | |
| Level of rounding | Lakhs | |
| Reporting Type | Quarterly | |
| Reporting Quarter | Third quarter | |
| Nature of report standalone or consolidated | Consolidated | |
| Whether results are audited or unaudited for the quarter ended | Unaudited | |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited | |
| Segment Reporting | Single segment | |
| Description of single segment | BASMATI RICE, DAL, SALT | |
| Start date of board meeting | 13-02-2026 | |
| Start time of board meeting | 15:00:00 | |
| End date of board meeting | 13-02-2026 | |
| End time of board meeting | 15:35:00 | |
| Whether cash flow statement is applicable on company | ||
| Type of cash flow statement | ||
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification | |
Amount in (Lakhs)
| Financial Results - Ind-AS | ||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | ||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | ||
| Whether results are audited or unaudited | Unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Consolidated | Consolidated | ||
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | |||
| 1 | Income | |||
| Revenue from operations | 33,622.48 | 1,10,951.70 | ||
| Other income | 1.39 | 6.16 | ||
| Total income | 33,623.87 | 1,10,957.86 | ||
| 2 | Expenses | |||
| (a) | Cost of materials consumed | 21,073.65 | 70,130.58 | |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 | |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| (d) | Employee benefit expense | 76.43 | 235.07 | |
| (e) | Finance costs | 37.88 | 129.39 | |
| (f) | Depreciation, depletion and amortisation expense | 11.80 | 35.28 | |
| (g) | Other Expenses | |||
| 1 | OTHER EXPENSES | 4,223.31 | 14,309.30 | |
| Total other expenses | 4,223.31 | 14,309.30 | ||
| Total expenses | 25,423.07 | 84,839.62 | ||
| 3 | Total profit before exceptional items and tax | 8,200.80 | 26,118.24 | |
| 4 | Exceptional items | 0.00 | 0.00 | |
| 5 | Total profit before tax | 8,200.80 | 26,118.24 | |
| 6 | Tax expense | |||
| 7 | Current tax | 48.16 | 154.72 | |
| 8 | Deferred tax | 0.00 | 0.00 | |
| 9 | Total tax expenses | 48.16 | 154.72 | |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 | |
| 11 | Net Profit Loss for the period from continuing operations | 8,152.64 | 25,963.52 | |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 | |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 | |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 | |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 | |
| 16 | Total profit (loss) for period | 8,152.64 | 25,963.52 | |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 | |
| 18 | Total Comprehensive Income for the period | 8,152.64 | 25,963.52 | |
| 19 | Total profit or loss, attributable to | |||
| Profit or loss, attributable to owners of parent | 0.00 | 0.00 | ||
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | ||
| 20 | Total Comprehensive income for the period attributable to | |||
| Comprehensive income for the period attributable to owners of parent | ||||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | ||||
| 21 | Details of equity share capital | |||
| Paid-up equity share capital | 10,798.83 | 10,798.83 | ||
| Face value of equity share capital | 1 | 1 | ||
| 22 | Reserves excluding revaluation reserve | |||
| 23 | Earnings per share | |||
| i | Earnings per equity share for continuing operations | |||
| Basic earnings (loss) per share from continuing operations | 0.75 | 2.4 | ||
| Diluted earnings (loss) per share from continuing operations | 0.75 | 2.4 | ||
| ii | Earnings per equity share for discontinued operations | |||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | ||
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | ||
| iii | Earnings per equity share (for continuing and discontinued operations) | |||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.75 | 2.4 | ||
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.75 | 2.4 | ||
| 24 | Debt equity ratio | |||
| 25 | Debt service coverage ratio | |||
| 26 | Interest service coverage ratio | |||
| 27 | Remarks for debt equity ratio | |||
| 28 | Remarks for debt service coverage ratio | |||
| 29 | Remarks for interest service coverage ratio | |||
| 30 | Disclosure of notes on financial results | |||
Amount in (Lakhs)
| Other Comprehensive Income | |||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| No records available | |||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| No records available | |||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
Amount in (Lakhs)
| Details of Impact of Audit Qualification | |||
| Whether results are audited or unaudited | Unaudited | ||
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification | ||
| Auditor's opinion | Qualified opinion | ||
| Declaration pursuant to Regulation 33(3)(d) of SEBI(LODR) Regulation, 2015:The company declares that its Statutory Auditor / s have issued an Audit Report with unmodified opinion for the period on Consolidated results | |||
| Sr.No | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto |
| 1 | H Thakkar & Co. LLP | true | 31-05-2027 |
Amount in (Lakhs)
| Financial details | |||
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | 35,475.05 | 35,475.05 |
| 2 | Total Expenditure | 26,745.27 | 26,745.27 |
| 3 | Net Profit/(Loss) | 8,683.26 | 8,683.26 |
| 4 | Earnings Per Share | 0.8 | 0.8 |
| 5 | Total Assets | 2,19,467.00 | 2,19,467.00 |
| 6 | Total Liabilities | 93,168.95 | 93,168.95 |
| 7 | Net Worth | 1,26,298.04 | 1,26,298.04 |
| Audit qualification | |||||||
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Qualified opinion | Repetitive | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| Textual Information(1) | The Holding Company has received an Interim Order cum Show Cause Notice dated December 5, 2024, from SEBI, alleging that a substantial portion of its sales and purchase transactions during the period from FY 2017-18 to FY 2023-24 were fictitious. The financial statements also reflect high trade receivables constituting 97% of total assets as of September 30, 2024. Also, misutilisation of right issue proceeds amounting to Rs. 4990.00 lakh. |
| Textual Information(2) | Not Applicable. |
| Textual Information(3) | Not Applicabe. |
| Textual Information(4) | The management has denied all allegations and is pursuing legal remedies. |
| Textual Information(5) | In the absence of conclusive resolution and given the seriousness of the observations, we are unable to comment on the impact of this matter on the consolidated financial results. |
| Textual Information(6) | The Group has not adopted accounting software with an audit trail feature as required by Rule 3(1) of the Companies (Accounts) Rules, 2014 (as amended). |
| Textual Information(7) | Not Applicable. |
| Textual Information(8) | Not Applicabe. |
| Textual Information(9) | Due to the volume of data, implementing an audit trail at this stage poses significant challenges. However, the Management is closely monitoring relevant updates and intends to implement the audit trail starting from the fourth quarter of FY 2025-26. |
| Textual Information(10) | Consequently, we are unable to comment on compliance with audit trail requirements. |
| Textual Information(11) | As per the financial results of the Holding Company, trade receivables amounting to Rs. 56,654.71 lakhs are outstanding as at the balance sheet date. However, no provision for Expected Credit Loss (ECL) has been made by the Holding Company in accordance with Ind AS 109 Financial Instruments. |
| Textual Information(12) | Not Applicabe. |
| Textual Information(13) | Not Applicabe. |
| Textual Information(14) | The trade receivable amount remains regular, with no instances of bad debt recorded in the past five years. Following the introduction of salt, a relaxed payment cycle was offered to facilitate market penetration. However, the Management plans to gradually tighten the cycle to ensure adherence to stipulated time limits. |
| Textual Information(15) | In the absence of such provision, we are unable to comment on the possible impact on the carrying value of trade receivables and the corresponding effect on the consolidated financial position and profit of the Group. |
| Textual Information(16) | The Group includes GROW AND GRUB NUTRIENTS FZ-LLC, a wholly owned subsidiary incorporated in the UAE on April 19, 2023. The consolidated financial results include the unaudited financial statements of this subsidiary for the period from January 1, 2025 to March 31, 2025 and April 1, 2025 to December 31, 2025. |
| Textual Information(17) | Not Applicabe. |
| Textual Information(18) | Not Applicabe. |
| Textual Information(19) | The total assets, total revenue, net profit, and other financial information of this subsidiary for the aforementioned period have been certified by the management. |
| Textual Information(20) | In the absence of an audit, we are unable to comment on the accuracy and completeness of the financial information provided. |
| Textual Information(21) | The Holding Company has received an order from the Goods and Services Tax (GST) Department covering the period from July 1, 2017 to July 17, 2022, raising a demand amounting to Rs. 20,684.38 lakhs, including penalties. The Company had earlier deposited Rs. 200.00 lakhs under protest.. |
| Textual Information(22) | Not Applicabe. |
| Textual Information(23) | Not Applicabe. |
| Textual Information(24) | The Company has filed a Writ Petition before the Hon'ble High Court of Gujarat on 30th April 2025. The Company categorically denies all allegations made and seeks to have the impugned order quashed. |
| Textual Information(25) | As informed by the management, the Company intends to prefer an appeal against the said order. Accordingly, the amount has been treated as a contingent liability and no provision has been made in the financial statements. |
| Textual Information(26) | As per the records of the Holding Company, the books of accounts reflect an income tax provision of Rs. 5,227.67 lakhs as of 31st March, 2025 are remain unpaid as of the reporting date. Additionally, there is a disputed income tax demand amounting to Rs. 11,744.00 lakhs, as per the Income Tax Departments records, which is currently pending adjudication at the first appellate stage. |
| Textual Information(27) | Not Applicable. |
| Textual Information(28) | Not Applicable. |
| Textual Information(29) | The Management is of the opinion that the liability will not hamper its operations. However, they are taking all possible steps to legally mitigate this challenge. lnspite of all this if the company still has to incur the liability, it has the necessary financial resilience to offset this liability. |
| Textual Information(30) | NA |
| Signatories details | |
| Name of CEO / Managing director | Hiteshkumar G. Patel |
| Name of CFO | Navinchandra D. Patel |
| Name of audit committee chairman | Rainy Ramesh Singhi |
| Name of statutory auditor | M/s H Thakkar & Co. LLP |
| Name of other signatory, if any, with designation | |
| Place | Ahmedabad |
| Date | 13-02-2026 |
Amount in (Lakhs)
| Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) | ||||||||||||||||||||||||
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Sr. No. | Details of the party (listed entity /subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||
| Name | Name | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | Notes | ||||||||||
| No records available | ||||||||||||||||||||||||