Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Audited Standalone and Consolidated Financial Results

Audit Opinion:

Qualified Opinion - The auditor issued a qualified opinion on both standalone and consolidated financial results due to non-provision of Post-Employment Benefits and other long-term employee benefits under Defined Benefit Plans on accrual basis as required by Ind AS 19.

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹3,682.71
  • Total Income: ₹3,752.21
  • Net Profit: ₹12.70 (compared to loss of ₹45.69 in Q4 FY25)
  • EPS: ₹0.09 (compared to ₹(0.32) in Q4 FY25)

Year Ended March 31, 2026:

  • Revenue from Operations: ₹14,209.49 (increased from ₹11,424.06 in FY25)
  • Total Income: ₹14,209.49
  • Net Loss: ₹132.63 (improved from loss of ₹328.23 in FY25)
  • EPS: ₹(0.53) (improved from ₹(1.74) in FY25)
  • Other Equity: ₹1,319.72 (decreased from ₹1,964.83 in FY25)
  • Cash and Cash Equivalents: ₹2.57 (increased from ₹0.69 in FY25)
  • Total Debt (Borrowings): ₹736.88 (non-current) + ₹4,831.55 (current) = ₹5,568.43

Consolidated Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹3,682.71
  • Total Income: ₹3,752.21
  • Net Profit attributable to Owners: ₹6.61 (compared to loss of ₹42.36 in Q4 FY25)
  • EPS: ₹0.05 (compared to ₹(0.30) in Q4 FY25)

Year Ended March 31, 2026:

  • Revenue from Operations: ₹14,209.49
  • Total Income: ₹14,209.49
  • Net Loss attributable to Owners: ₹78.79 (improved from loss of ₹242.72 in FY25)
  • EPS: ₹(0.56) (improved from ₹(1.71) in FY25)
  • Other Equity: ₹7,846.66 (decreased from ₹16,185.83 in FY25)

Segment-wise Performance:

The company has only one reportable segment - Textile. Segment-wise disclosures are not applicable.

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital raising activities were declared.

Other Significant Information:

Entities in Consolidation:

  • Mohit Overseas Limited (Associate) - 49.25%
  • Mohit Yarns Limited (Associate) - 49.48%

Management Commentary:

The company's profitability during the year was positively supported by various strategic cost-optimization measures. Increased reliance on solar power generation has contributed to a reduction in overall energy expenses.

Historical Context:

The audit qualification regarding post-employment benefits has been a subject matter of qualification in the auditor's report since 2007 and has continued through FY26.

Management's View on Qualification:

The board is of the opinion that provisions for Post-Employment Benefits are determined based on actuarial valuation methods prescribed in Ind AS. The company has decided to pay these benefits as and when they become due as the amount is negligible and not going to impact the financial position significantly. Consulting fees by actuaries would be higher than the annual liability itself.