539594 2025-04-01 2025-06-30 539594 2025-04-01 2025-06-30 in-capmkt:OtherExpenses1Member 539594 2025-04-01 2025-06-30 AuditorDomain1 539594 2025-04-01 2025-06-30 in-capmkt:AuditedMember 539594 2025-06-30 in-capmkt:AuditedMember 539594 2025-04-01 2025-06-30 in-capmkt:AdjustedMember 539594 2025-06-30 in-capmkt:AdjustedMember 539594 2025-04-01 2025-06-30 AuditQualification1 539594 2025-04-01 2025-06-30 AuditQualification2 539594 2025-04-01 2025-06-30 AuditQualification3 539594 2025-04-01 2025-06-30 AuditQualification4 539594 2025-04-01 2025-06-30 AuditQualification5 539594 2025-04-01 2025-06-30 AuditQualification6 iso4217:INR iso4217:INR xbrli:shares 539594 NOTLISTED MISHTANN INE094S01041 MISHTANN FOODS LIMITED Main Board Equity 2025-04-01 2026-03-31 2025-08-08 2025-07-31 INR Lakhs Quarterly First quarter Single segment BASMATI RICE, DAL, SALT 2025-08-08 15:00:00 2025-08-08 15:45:00 Statement on impact of audit qualification 2025-04-01 2025-06-30 Unaudited Consolidated 3860537000 344000 3860881000 2503879000 0 0 8093000 4850000 1167000 510641000 3028630000 832251000 0 832251000 5624000 0 5624000 0 826627000 0 0 0 0 826627000 0 826627000 0 0 0 0 1079883000 1 0.77 0.77 0 0 0.77 0.77 1. The above Consolidated Financial Results were reviewed by Audit Committee and approved by the Board of Directors at its meeting held on August 08, 2025. The statutory auditor have carried out limited review of these Consolidated Financial Results 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 unaudited financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. <BR> 5. The figures for the quarter ended 31st March 2025 are the balancing figures between audited figures in respect of full financial year and the limited reviewed published year to date figures up to the third quarter of the financial year ended 31st March 2025. Other Expenses 510641000 0 0 0 Unaudited Qualified opinion M/s H Thakkar & Co. true 2027-05-31 3860881000 3860881000 3028630000 3028630000 826627000 826627000 0.77 0.77 15127436000 15127436000 4685579000 4685579000 10441857000 10441857000 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 NA NA The management has categorically denied all allegations and is actively pursuing appropriate 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 NA NA 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 from the FY 2025-26 in a phased manner. 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. 42,672.80 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 NA NA 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. Qualified opinion Repetitive NA NA 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 NA NA 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. 4,909.26 lakhs as of 31st March, 2024, and an income tax liability of Rs. 270.96 lakhs for the financial year 2024-25, both of which remain unpaid as on the reporting date. In addition, there is a disputed income tax demand amounting to Rs. 11,744.00 lakhs, as per the records of the Income Tax Department, which is currently pending adjudication at the first appellate stage. Qualified opinion Repetitive NA NA 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 Bhumiben Gor M/s H Thakkar & Co. LLP Ahmedabad 2025-08-08