Mahip Industries Ltd

Status of dematerialisation

• Dematerialisation requests processed and confirmed to depositories.
• Securities dematerialised listed on the stock exchanges.
• Physical certificates were mutilated and cancelled after verification; depository's name substituted as registered owner.

Mahip Industries Ltd: Trading window closes from 1 October 2026 until the end of 48 hours after the announcement of unaudited financial results for the half year ended 30 September 2026

AGM Details

• AGM held on 29 September 2026 at 09:00 IST at the registered office.
• Mode: physical meeting with remote e-voting facility provided.

Key Resolutions

• Adoption of audited financial statements for year ended 31 March 2026.
• Re-appointment of Ronakbhai Amratbhai Patel, retiring by rotation.

Voting Status

• Voting results pending; to be declared after Scrutinizer's report and posted on company site and BSE.

Book closure for AGM

• Book closure: 23 September 2026 to 29 September 2026, both inclusive.
• Purpose: to hold the 31st Annual General Meeting.
• Record date for membership: 29 September 2026, for voting eligibility.
• Remote e-voting cutoff: 22 September 2026.
• Security type: equity shares.
• Event date: AGM on 29 September 2026.

Financial performance

• Revenue from operations: 910.47 lakh in FY2025-26, up from 622.81.
• Total revenue: 911.09 lakh; expenses: 763.40 lakh.
• Profit after tax: 280.31 lakh in FY2025-26.
• EBITDA: 179.79 lakh, reversing prior loss.
• Basic EPS: ₹1.46 per share.
• Reserves and surplus show net deficit: (2,658.44) lakh.
• Dividend not declared for FY2025-26.

Balance sheet & capital structure

• Total assets and liabilities equal at 1,047.20 lakh.
• Shareholders' funds show a deficit; equity negative.
• Long-term borrowings: ₹706.20 lakh; current borrowings: ₹0.89 lakh.
• Issued share capital: ₹1,924.00 lakh.
• Promoter holding: 64.32%.

Cash flows & liquidity

• Net cash from operations: negative 88.42 lakh.
• Investing cash flow: 87.74 lakh; financing: (2.70) lakh.
• Ending cash balance: ₹2.79 lakh.
• Net cash movement: total decrease ₹3.38 lakh.

Business & operations

• Single segment: paper and paper products.
• Factory acquisition for expressway caused downtime; resumed Sept 2024.
• Repayment of Reliance loan: ₹4.00 crore; NOC receipts.
• Trading suspension revoked; trading resumed Oct 8, 2025.
• VAT pre-deposit reversal: ₹232.80 lakh; interest income: ₹25.61 lakh.

Governance & board

• Ronakbhai Patel appointed Additional Non-Executive Director, Aug 30, 2025; regularized Sep 23, 2025.
• Shivani Jain appointed Company Secretary, Oct 27, 2025.
• Omkar Patel resigned as Independent Director, Aug 30, 2025.
• Kinjal Parmar regularized as Independent Director, Sep 23, 2025.
• Board meetings held six times in the year.

Related party transactions

• Remuneration to KMP: Rajiv Agrawal 12.00L; Aashi Agrawal 5.97L; Kinjal Parmar 0.40L; Praveen Singh 0.10L.
• Loans/advances: Vanguard Holidays 15.80L; Rajeev Agrawal HUF 31.17L.
• Advances to Tanisqua Trade 5.44L; Santosh Devi 0.50L; Sudhir Govindram 2.00L.

Audit & internal controls

• Statutory auditor: qualified opinion due to basis; internal controls not available.
• Internal audit not conducted in FY2025-26; delays in scope finalization.
• Secretarial audit flagged MGT-14, deposits; management responses included.

Litigation & regulatory

• Litigation: three cases totaling ₹7.77 crore; final hearings in 2026.
• Tax disputes: IT, CST, GST pending with appeals.

Outlook & risks

• Outlook: flexible packaging market to grow 4.5-6.3% CAGR globally.
• Risks: raw material price volatility; working capital intensity; regulatory changes.

AGM details

• AGM date is 29 September 2026 at 09:00 AM at the registered office.
• Mode: physical meeting with remote e-voting facility.
• Cut-off date for voting is 22 September 2026.
• Register of Members closes 23–29 September 2026.

Resolutions

• Adopt audited standalone financial statements for year ended 31 March 2026.
• Re-appoint Ronakbhai Amratbhai Patel as director, retiring by rotation.

Director matters

• Ronakbhai Amratbhai Patel retires by rotation and is proposed for re-appointment.

Meeting Details

• Board meeting scheduled for 05 September 2026; time and venue not disclosed.

Key Agenda Items

• Note Secretarial Audit Report for FY 2025-26.
• Consider and approve Directors' Report with annexures for year ended 31 March 2026.
• Fix day, date, time, and venue for 31st AGM and related matters.
• Prepare and approve the Draft Notice for the 31st AGM; circulation to members.
• Fix the Register of Members and Share Transfer Books closure date for AGM.
• Appoint a Scrutinizer to oversee AGM voting.
• Consider and approve Secretarial Auditor appointment for FY 2026-27.
• Any other matter with permission of the Chairman.

Other Notes

• No additional material information disclosed.

Transaction details

• Target Company: Mahip Industries Limited.
• Disclosing Party: RAIEEV GOVINDRAM AGRAWAL (HUF), promoter group.
• Transaction Type: Disposal of equity shares.
• Pre-transaction holding: 17,95,960 shares (9.33%).
• Acquired/Sold: 1,20,000 shares sold (0.62%).
• Mode: Open Market.
• Date of transaction: 04/08/2026.
• Post-transaction holding: 16,75,960 shares (8.71%).
• Equity share capital before: Rs 19,23,99,840.
• Equity share capital after: Rs 19,23,99,840.
• Total diluted capital after: Rs 19,23,99,840.

Transaction details

• Target Company: Mahip Industries Limited.
• Disclosing Party: Rajeev Govindram Agrawal (HUF), promoter group.
• Transaction Type: Sale of voting shares.
• Pre-transaction holding: 1,959,960 voting shares (10.19%).
• Encumbrances: Not reported.
• Transaction details: Sold 160,000 voting shares (0.83%).
• Post-transaction holding: 1,799,960 voting shares (9.35%).
• Mode: Open Market.
• Date of transaction: 28 July 2026.
• Equity share capital before/after: Rs 19,23,99,840.
• Total diluted share/voting capital after: 192,39,984.