Mohit Industries Approves Q1 Results, Announces Key Management Changes and AGM Date

Mohit Industries Approves Q1 Results, Announces Key Management Changes and AGM Date​

Mohit Industries Limited recently conducted a Board of Directors meeting, during which it ratified its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board also addressed significant changes in key managerial personnel and scheduled the upcoming Annual General Meeting (AGM).

Key Board Outcomes

The management approved several critical items including the company's unaudited financial results for the quarter ending June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors. The board meeting also reviewed and discussed matters concerning operational performance and strategic initiatives.

One of the key outcomes was the scheduling of the 36th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The AGM will be held via Video Conferencing or other AudioVisual Means (VC/OAVM).

Personnel Changes in Management

The Board took note of the resignation of Ms. Zinal Modi from her role as Company Secretary and Compliance Officer, effective August 12, 2026, citing personal reasons and a desire to pursue professional growth opportunities.

In response, Mr. Jatin Kharwa was appointed as the new Company Secretary and Compliance Officer, effective immediately. Mr. Kharwa is described as a qualified law graduate and an Associate Member of the Institute of Company Secretaries of India (Membership No. A57318), possessing over five years of post-qualification experience in Corporate Secretarial functions and Compliance management.

Financial Performance Review

The Unaudited Standalone Financial Results for the quarter ending June 30, 2026, were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The results indicate that the company operates within a single reportable segment, which is Textiles. This financial performance includes associates such as Mohit Overseas Limited (49.25%) and Mohit Yarns Limited (49.48%).

The company's profitability continues to benefit from various strategic cost-optimization measures. Specifically, increased reliance on solar power generation has resulted in improved utilization of installed capacity during the quarter, contributing to savings in overall energy costs and supporting operating performance.

Financial Data Summary (Unaudited Standalone)

While specific divisional data is summarized as follows:


Consolidated Results and Audit Notes

The Unaudited Consolidated Financial Results for the quarter ending June 30, 2026, were also reviewed and approved by the Board of Directors. The consolidated results similarly reflect contributions from Mohit Overseas Limited (49.25%) and Mohit Yarns Limited (49.48%).

A note from the independent auditor highlighted that the company has not made provisions for Post Employment Benefits and other long term employee benefits under Defined Benefit Plans, opting instead to provide such benefits as they become due for payment. This decision was made based on the assessment of negligible amounts and their lack of impact on the financial position of the company.

MOHITIND Stock Price Movement​

Shares of Mohit Industries Limited shed value today, settling at ₹25.2 after closing down ₹0.39 or 1.49%. The stock traded a volume of 13,190 shares during the session.