Mitshi India Reports Material Audit Qualification Impact

The statement provides a comparative table showing audited figures before and after adjusting for qualifications:

Revenue/Total Income: Remained unchanged at ₹277.48 lakh (as reported) and ₹277.08 lakh (adjusted)
Total Expenditure: Remained unchanged at ₹264.67 lakh
Profit/(Loss): ₹12.81 lakh (as reported) reduced to ₹7.51 lakh (adjusted)
Earnings Per Share: Remained unchanged at ₹0.01
Total Assets: ₹321.89 lakh (as reported)
Total Liabilities: ₹49.10 lakh (adjusted from an unclear reported figure)
Net Worth: Material reduction from ₹372.79 lakh (as reported) to ₹272.79 lakh (adjusted)

The audit qualification relates to insufficient documentary evidence for trade receivables. The management states:

The impact of this qualification is not quantified by the auditor
Management believes the amount outstanding from trade receivables is recoverable
Management asserts the qualification regarding documentary evidence does not have any impact on financial statements

Signed in Mumbai on April 28, 2026