Mohit Paper Mills Limited’s Board of Directors convened on August 13, 2026, to approve significant corporate actions. Key decisions included the appointment of M/s Sanjay Sangal & Associates as Statutory Auditors to fill a casual vacancy and their subsequent re-appointment for a five-year term. The board also re-appointed Mr. Mohit Jain as a Non-Executive Non-Independent Director. Unaudited financial results for the quarter ended June 30, 2026, were reviewed and approved.
Board Meeting Highlights Key Appointments and Financial Review
In a meeting held on August 13, 2026, the Board of Directors of Mohit Paper Mills Limited made several critical decisions regarding the company’s audit and directorship. The board approved the appointment of M/s Sanjay Sangal & Associates as the company’s Statutory Auditors. This appointment is to fill a casual vacancy that arose due to the resignation of the previous auditors, M/s Pankaj K. Goyal & Co. Furthermore, the Board resolved to recommend to the shareholders for their approval the appointment of M/s Sanjay Sangal & Associates as Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the upcoming Annual General Meeting until the year 2031.
Director Re-appointment and Financial Results
The Board of Directors also gave its consent to recommend the re-appointment of Mr. Mohit Jain as a Non-Executive Non-Independent Director to an office or place of profit within the Company. His remuneration for this position will be fixed subject to the approval of the members. In addition to these appointments, the Board reviewed and took on record the un-audited financial results for the quarter ended June 30, 2026. These results, along with the limited review report from the statutory auditor, were presented and approved during the meeting.
Auditor’s Review and Financial Performance Overview
The unaudited financial results for the quarter ending June 30, 2026, show total income of ₹6,326.02 lakh and total expenses of ₹6,102.83 lakh, resulting in a profit before exceptional items and tax of ₹223.19 lakh. The net profit for the period stood at ₹122.38 lakh. The limited review report, provided by Pankaj K. Goyal & Co., confirms that based on their review, nothing has come to their attention that causes them to believe the unaudited financial results prepared in accordance with applicable accounting standards contain any material misstatement. The report also noted that the company engaged in a single segment, which is the manufacturing of paper.
Source: BSE
