539594 2025-10-01 2025-12-31 539594 2025-04-01 2025-12-31 539594 2025-10-01 2025-12-31 in-capmkt:OtherExpenses1Member 539594 2025-04-01 2025-12-31 in-capmkt:OtherExpenses1Member 539594 2025-10-01 2025-12-31 AuditorDomain1 539594 2025-10-01 2025-12-31 in-capmkt:AuditedMember 539594 2025-12-31 in-capmkt:AuditedMember 539594 2025-10-01 2025-12-31 in-capmkt:AdjustedMember 539594 2025-12-31 in-capmkt:AdjustedMember 539594 2025-10-01 2025-12-31 AuditQualification1 539594 2025-10-01 2025-12-31 AuditQualification2 539594 2025-10-01 2025-12-31 AuditQualification3 539594 2025-10-01 2025-12-31 AuditQualification4 539594 2025-10-01 2025-12-31 AuditQualification5 539594 2025-10-01 2025-12-31 AuditQualification6 iso4217:INR iso4217:INR xbrli:shares 539594 NOTLISTED MISHTANN INE094S01041 MISHTANN FOODS LIMITED Main Board Equity 2025-04-01 2026-03-31 2026-02-13 2026-02-09 INR Lakhs Quarterly Third quarter Single segment BASMATI RICE, DAL, SALT 2026-02-13 15:00:00 2026-02-13 15:35:00 Statement on impact of audit qualification 2025-10-01 2025-12-31 Unaudited Consolidated 3362248000 139000 3362387000 2107365000 0 0 7643000 3788000 1180000 422331000 2542307000 820080000 0 820080000 4816000 0 4816000 0 815264000 0 0 0 0 815264000 0 815264000 0 0 1079883000 1 0.75 0.75 0 0 0.75 0.75 1. The above results were reviewed and recommended by Audit Committee and approved by the Board of Directors at its meeting held on February 13, 2026. The statutory auditor has carried out a "Limited Review" of financial results for the period ended 31st December, 2025 and have issued a modified report (qualified opinion) on these results. <BR> 2. The Company has only single Reportable Business Segment in terms of requirements of Ind AS 108. <BR> 3. Previous quarter’s figures have been re-grouped / re-arranged wherever necessary. <BR> 4.These Un-audited consolidated Financial Results are prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016. <BR> 5. The consolidated results includes the standalone results of the Parent Company and its subsidiary i.e., Grow and Grub Nutrients FZ-LLC. 2025-04-01 2025-12-31 Unaudited Consolidated 11095170000 616000 11095786000 7013058000 0 0 23507000 12939000 3528000 1430930000 8483962000 2611824000 0 2611824000 15472000 0 15472000 0 2596352000 0 0 0 0 2596352000 0 2596352000 0 0 1079883000 1 2.4 2.4 0 0 2.4 2.4 OTHER EXPENSES 422331000 OTHER EXPENSES 1430930000 Unaudited Qualified opinion H Thakkar & Co. LLP true 2027-05-31 3547505000 3547505000 2674527000 2674527000 868326000 868326000 0.8 0.8 21946700000 21946700000 9316895000 9316895000 12629804000 12629804000 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. Qualified opinion Repetitive Not Applicable. Not Applicabe. The management has denied all allegations and is pursuing legal remedies. 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. 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). Qualified opinion Repetitive Not Applicable. Not Applicabe. 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. Consequently, we are unable to comment on compliance with audit trail requirements. 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. Qualified opinion Repetitive Not Applicabe. Not Applicabe. 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. 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. 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. Qualified opinion Repetitive Not Applicabe. Not Applicabe. The total assets, total revenue, net profit, and other financial information of this subsidiary for the aforementioned period have been certified by the management. In the absence of an audit, we are unable to comment on the accuracy and completeness of the financial information provided. 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.. Qualified opinion Repetitive Not Applicabe. Not Applicabe. 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. 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. 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. Qualified opinion Repetitive Not Applicable. Not Applicable. 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. NA Hiteshkumar G. Patel Navinchandra D. Patel Rainy Ramesh Singhi M/s H Thakkar & Co. LLP Ahmedabad 2026-02-13