Mohit Paper Mills Limited announced key decisions from its board meeting on August 13, 2026. The board approved the appointment of M/s Sanjay Sangal & Associates as the new statutory auditor to fill a casual vacancy, and recommended their appointment for a five-year term. Additionally, Mr. Mohit Jain was re-appointed as a Non-Executive Non-Independent Director, with his remuneration subject to member approval. The un-audited financial results for the quarter ended June 30, 2026, were also presented and approved.
Board Approves Key Appointments and Financials
In a significant board meeting held on August 13, 2026, Mohit Paper Mills Limited made pivotal decisions regarding its statutory audit and directorship. The Board of Directors has approved the appointment of M/s Sanjay Sangal & Associates, Chartered Accountants, as the company’s Statutory Auditor. This appointment is intended to fill the casual vacancy created by the resignation of M/s Pankaj K. Goyal & Co. The Board will recommend M/s Sanjay Sangal & Associates to the shareholders for a tenure of five consecutive years, commencing from the conclusion of the upcoming Annual General Meeting until the conclusion of the Annual General Meeting in 2031.
Director Re-appointment and Remuneration
Further to the board’s deliberations, Mr. Mohit Jain, a Non-Executive Non-Independent Director (DIN: 07203009), has been re-appointed to an office or place of profit within the Company. The Board has also fixed his remuneration, which is subject to the approval of the company’s members. Mr. Jain is a commerce graduate with fundamental expertise relevant to his position.
Financial Results Disclosure
The Board also considered and approved the Un-Audited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditor. These results have been prepared in accordance with Indian Accounting Standards (IND AS) and applicable guidelines. The meeting commenced at 03:30 p.m. and concluded at 04:30 p.m. on the same day.
Key Financial Highlights for the Quarter ended June 30, 2026:
- Total Income stood at ₹6,326.02 lakh.
- Total Expenses were ₹6,102.83 lakh.
- Profit/(Loss) before exceptional items and tax amounted to ₹223.19 lakh.
- Net Profit/(Loss) for the period was ₹122.38 lakh.
The full details of the financial results and the limited review report are attached as Annexure-B and are also available on the company’s website.
Source: BSE
