Mohit Paper Mills Limited’s Board of Directors met on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. Key decisions included the appointment of M/s Sanjay Sangal & Associates as the new Statutory Auditors to fill a casual vacancy and the re-appointment of Mr. Mohit Jain as a Non-Executive Non-Independent Director. The board also recommended the auditor’s appointment for five consecutive years.
Board Meeting Highlights
The Board of Directors of Mohit Paper Mills Limited convened on August 13, 2026, to review and approve several critical corporate actions. The meeting confirmed the unaudited financial results for the quarter ending June 30, 2026, along with the limited review report from the statutory auditor. These results will be filed with BSE Limited.
Auditor Appointment and Re-appointment
In response to the resignation of M/s Pankaj K. Goyal & Co., the Board approved the appointment of M/s Sanjay Sangal & Associates as the Statutory Auditors. This appointment aims to fill the casual vacancy. Furthermore, the Board will recommend to shareholders for their approval, the appointment of M/s Sanjay Sangal & Associates for a term of five consecutive years, commencing from the conclusion of the upcoming Annual General Meeting until the AGM in 2031.
Director Re-appointment and Remuneration
The Board also re-appointed Mr. Mohit Jain, a Non-Executive Non-Independent Director (DIN: 07203009), to an office or place of profit within the Company. His remuneration has been fixed, subject to the approval of the company’s members. Details regarding these appointments and re-appointments, as required by SEBI Listing Regulations, are provided in Annexure-A.
Financial Performance Overview
The un-audited financial results for the quarter ended June 30, 2026, show a Net Profit/(Loss) of ₹122.38 lakh. Total Income for the quarter stood at ₹6,326.02 lakh, with total expenses amounting to ₹6,102.83 lakh. Basic and diluted earnings per share for the quarter were ₹0.87 and ₹0.87 respectively.
Source: BSE
