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Mishka Exim Ltd (539220)

📊 BSE: 539220 🏢 Gems, Jewellery And Watches 📢 Latest filing: 30 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Mishka Exim's revenue was ₹7.0 Cr (+234.4% year on year, +104.4% on the previous quarter), and net profit ₹0.2 Cr (-11.2% year on year); the operating margin was 2.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹7.0	+234.4%	+104.4%
Operating profit	₹0.2	-11.4%	-81.0%
Net profit	₹0.2	-11.2%	-76.8%
EPS (₹)	0.11	-8.3%	-77.1%
Operating margin	2.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Mishka Exim Concludes 12th AGM; Seeks Approval for 4 Material Related Party Transactions

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 05:10 PM

Mishka Exim Limited conducted its 12th Annual General Meeting on September 30, 2026, with 54 members attending. Key agenda items placed for voting included the adoption of FY26 financial statements, the appointment of an independent director, and the re-appointment of statutory auditors. Notably, the company tabled resolutions to approve material related party transactions across four entities: Supertech Financial Services, Saraswati Securities, Starlight Holdings, and Safeguard Finance. Consolidated voting results from remote e-voting and physical ballots will be declared separately.

12th AGM held on September 30, 2026, commencing at 11:00 AM and concluding at 11:15 AM
A total of 54 members attended the meeting, meeting the requisite quorum under Section 103
Approval sought for material related party transactions with 4 corporate entities
Auditors' reports for FY26 confirmed to contain no qualifications or adverse remarks
Remote e-voting window was open from September 26, 2026 to September 29, 2026

💡 Track the upcoming disclosure of final voting results on the BSE and company website to verify the approval of the four material related party transactions.

Resignation of Independent Director Rajneesh Kumar Garg Effective July 27, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Jul 2026, 05:25 PM

Mishka Exim Ltd has reported the resignation of Mr. Rajneesh Kumar Garg from his role as an Independent Director, effective July 27, 2026. The resignation is attributed to other commitments and unavoidable circumstances, with the director confirming no other material reasons exist. As a micro-cap company with a market capitalization of ₹62 Cr and TTM revenue of ₹22 Cr, such board changes are generally procedural but require monitoring for governance continuity.

Resignation of Independent Director Mr. Rajneesh Kumar Garg effective from July 27, 2026
Director confirmed no material reasons for resignation other than personal commitments
Company maintains a market capitalization of ₹62 Cr as of the announcement date
TTM Revenue stands at ₹22 Cr with a PAT of ₹2 Cr
Promoter holding remains stable at 58.65% as of June 2026

💡 Investors should watch for the appointment of a new Independent Director to ensure the company remains compliant with SEBI board composition requirements.

Mishka Exim Appoints Rakesh Aggarwal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Jul 2026, 04:41 PM

Mishka Exim Ltd has appointed Mr. Rakesh Aggarwal as an Additional Director (Non-Executive Independent) effective July 27, 2026. The appointment is for a 5-year term, subject to shareholder approval within three months. Mr. Aggarwal is a finance professional with experience in taxation, banking, and M&A. Given the company's small scale with a Rs 60 Cr market cap and Rs 22 Cr TTM revenue, this is a routine governance update.

Appointment of Mr. Rakesh Aggarwal as Additional Director effective July 27, 2026
Fixed tenure of 5 years, not liable to retire by rotation
Shareholder approval required within 3 months of the appointment date
Appointee confirmed non-debarment by SEBI or MCA as of July 25, 2026

💡 Monitor the upcoming General Meeting for shareholder ratification of the appointment.

Mishka Exim Q1 Revenue Jumps 234% YoY to ₹6.99 Cr; PAT Dips to ₹0.16 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 27 Jul 2026, 04:20 PM

Mishka Exim reported a significant surge in top-line performance for Q1 FY27, with revenue from operations reaching ₹6.99 Cr, up 234% from ₹2.09 Cr in Q1 FY26. Despite the revenue growth, net profit saw a slight decline of 9% YoY to ₹16.20 Lakhs, down from ₹17.81 Lakhs. The growth was entirely driven by the Jewellery (Ornaments) segment, while the company's margins remained thin due to high stock-in-trade purchases. Additionally, the board appointed Rakesh Aggarwal as an Independent Director.

Revenue from operations increased 234% YoY to ₹698.88 Lakhs from ₹208.70 Lakhs.
Net profit for the quarter stood at ₹16.20 Lakhs, a 9% decrease compared to ₹17.81 Lakhs in the previous year's quarter.
Jewellery segment revenue contributed ₹698.96 Lakhs, representing nearly 100% of operational income.
Total expenses rose sharply to ₹686.25 Lakhs from ₹193.85 Lakhs YoY, driven by ₹896.66 Lakhs in stock purchases.
Inventory levels saw a significant credit adjustment of ₹224.89 Lakhs during the quarter.

💡 Investors should monitor the company's ability to convert high trading volumes into higher net margins, as the current net profit margin is extremely low at approximately 2.3%.

Mishka Exim Q1 Revenue Jumps 235% YoY to ₹6.99 Cr; Net Profit Dips to ₹0.16 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 27 Jul 2026, 04:09 PM

Mishka Exim reported a significant standalone revenue growth of 235% YoY, reaching ₹6.99 Cr for the quarter ended June 30, 2026. Despite the top-line surge, net profit marginally declined to ₹0.16 Cr from ₹0.18 Cr in the year-ago period, reflecting compressed margins. The Jewellery segment remains the primary driver, contributing nearly 100% of the revenue. The company also appointed Rakesh Aggarwal as an Independent Director to the board.

Revenue from operations grew to ₹6.99 Cr in Q1 FY27 from ₹2.09 Cr in Q1 FY26
Net profit for the quarter stood at ₹0.16 Cr, down from ₹0.18 Cr YoY
Jewellery segment revenue reached ₹6.99 Cr, while Share Trading revenue was negligible at ₹0.02 Lakhs
Purchases of stock-in-trade increased sharply to ₹8.97 Cr from ₹1.30 Cr YoY
Other expenses included a minor loss of ₹0.12 Lakhs from F&O transactions

💡 Investors should monitor whether the company can improve its thin net margins (currently ~2.3%) as it scales its jewellery trading operations.

Board Meeting Scheduled for July 27, 2026, to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 18 Jul 2026, 02:47 PM

Mishka Exim Ltd has announced a board meeting on July 27, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations. The trading window for designated persons has been closed since June 01, 2026, and will remain closed until 48 hours after the results are declared. Investors should look for the actual earnings release on the meeting date to assess the company's current fiscal performance.

Board meeting scheduled for July 27, 2026, at 03:30 P.M. at the Delhi registered office
Agenda includes approval of Unaudited Standalone and Consolidated Financial Results for Q1 ended June 30, 2026
Trading window for insiders has been closed since June 01, 2026
Trading window to reopen 48 hours after the results are made public

💡 Monitor the company's financial performance on July 27, 2026, specifically looking for revenue growth and margin trends compared to previous quarters.

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