MISHTANN : AUDITOR FLAGS GOING CONCERN DOUBT

• Auditor's review report on September 30, 2026 standalone and consolidated results is qualified; it cites material uncertainty on going concern. • SEBI interim order cum show-cause alleges substantial FY2017-18 to FY2023-24 sales and purchases were fictitious; company denies allegations and is pursuing legal remedies. • SEBI alleged misutilisation of rights issue proceeds amounting to ₹49.90 Cr. • GST demand of ₹206.84 Cr including penalties; ₹2 Cr deposited under protest. • Trade receivables at ₹618.54 Cr standalone and ₹2,342.98 Cr consolidated; no expected credit loss provision made. • Disputed income tax demand at ₹117.44 Cr; auditor unable to comment on GST and tax non-provision adequacy.

Mishtann Foods Ltd

Open attachment

← Back to feed