Mish Designs Ltd (544015)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Mish Designs' revenue was ₹2.3 Cr (-80.5% year on year, -61.6% on the previous half-year), and net profit ₹-1.2 Cr (against a profit a year earlier); the operating margin was -45.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹2.3 | -80.5% | -61.6% |
| Operating profit | ₹-1.1 | to loss | to loss |
| Net profit | ₹-1.2 | to loss | to loss |
| EPS (₹) | -3.80 | to loss | to loss |
| Operating margin | -45.3% | — | — |
📢 Recent Corporate Announcements
Mish Designs Limited announced that its women's fashion brand MISH is now live across 31 Reliance Trends stores, adding 10 new stores within a month from the 21 stores previously announced. The expansion extends its presence into locations across UP, Uttarakhand, Rajasthan, Chandigarh, Haryana, and Maharashtra. With FY26 annual revenue declining to Rs 8.37 Cr and net loss of Rs 1.03 Cr, physical retail distribution via large-format retail acts as an essential channel for volume recovery.
- MISH brand footprint scaled to 31 Reliance Trends stores across India
- Added 10 new stores in under a month compared to the 21 stores reported last month
- New geographies include Jaipur, Chandigarh, Ghaziabad, Kashipur, Rewari, and Amravati
- Company currently operates a 10,000 sq. ft. manufacturing unit with a workforce of 54
Mish Designs Limited has announced the closure of its Register of Members and Share Transfer Books from Thursday, September 17, 2026 to Wednesday, September 23, 2026 (both days inclusive). This closure is for the purpose of holding its 9th Annual General Meeting (AGM) on Thursday, September 24, 2026 at 12:00 Noon. The AGM will address the business for the financial year ended March 31, 2026. This is a standard statutory and procedural compliance disclosure under SEBI LODR Regulation 42.
- Book closure scheduled from September 17, 2026 to September 23, 2026 (both days inclusive)
- 9th Annual General Meeting to take place on September 24, 2026 at 12:00 Noon
- AGM pertains to the financial year ended March 31, 2026
- Notice issued pursuant to Regulation 42 of SEBI LODR Regulations, 2015
Mish Designs Limited has published its Annual Report for FY 2025-26 and scheduled its 9th Annual General Meeting (AGM) for September 24, 2026. For FY26, the company reported a net loss of ₹1.03 crore (EPS of ₹-3.24) compared to a net profit of ₹0.89 crore in FY25. The AGM notice includes special business seeking shareholder approval for material related party transactions with subsidiary I'Design Fashions Private Limited for up to ₹50.00 crore.
- 9th AGM scheduled for September 24, 2026 via Video Conferencing.
- Reported FY26 net loss of ₹1.03 crore compared to a net profit of ₹0.89 crore in FY25.
- Proposed approval for related party transactions with subsidiary I'Design Fashions Pvt Ltd up to ₹50.00 crore.
- Foreign currency income stood at ₹52.93 lakh in FY26 versus ₹58.75 lakh in FY25.
Mish Designs has scheduled its 9th Annual General Meeting (AGM) for Thursday, September 24, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited financial statements and director re-appointments. Additionally, the company seeks shareholder approval for material related party transactions up to ₹50.00 crore with its subsidiary, I'Design Fashions Private Limited, for trading of goods/services and loans/advances.
- 9th AGM scheduled for Thursday, September 24, 2026 at 12:00 Noon IST via VC/OAVM
- Approval sought for material related party transactions of up to ₹50.00 crore with subsidiary I'Design Fashions Private Limited
- Re-appointment of Mr. Sajan Kumar Bhartia (Whole-Time Director & CFO, holds 8,22,489 shares) retiring by rotation
- Re-appointment of Mrs. Anita Bhartia as Non-Executive Director effective May 1, 2026
Mish Designs Limited has approved the re-appointment of Ms. Anita Bhartia (DIN: 09338148) as a Non-Executive & Non-Independent Director in its Board meeting held on August 26, 2026. The re-appointment is subject to approval by shareholders at the ensuing General Meeting. Ms. Bhartia has served on the board since May 2, 2023, and brings over 8 years of experience in the apparel and fabrics industry. This constitutes a standard governance continuity action for the micro-cap garment manufacturer (market cap of Rs 14 Cr).
- Board approved re-appointment of Ms. Anita Bhartia on August 26, 2026
- Term of appointment valid till the ensuing General Meeting, subject to shareholder approval
- Director has served on the company's Board since May 02, 2023 with over 8 years of industry experience
- Holds no inter-se relationship with other directors on the board
Mish Designs Limited has submitted a revised outcome of its Board Meeting held on August 26, 2026, to rectify an inadvertent administrative error. The Board approved the draft Board's Report and Management Discussion & Analysis Report for FY 2025-26 along with the draft notice for the 9th Annual General Meeting. Additionally, the Board approved related-party transactions and the reappointment of Ms. Anita Bhartia as Non-Executive Director effective May 2, 2026. These disclosures are standard procedural matters ahead of the annual shareholder meeting.
- Board approved draft Notice and documentation for the 9th Annual General Meeting
- Reappointed Ms. Anita Bhartia (aged 49, with over 8 years experience) as Non-Executive Director w.e.f. May 2, 2026
- Appointed M/S H. Maheshwari & Associates as the Scrutinizer for the 9th AGM
- Approved related-party transactions pursuant to SEBI LODR and Companies Act requirements
Mish Designs Limited held a board meeting on August 26, 2026, approving key administrative resolutions for the financial year 2025-26. The Board approved the draft Board Report, Management Discussion & Analysis Report, and the Draft Notice for the 9th Annual General Meeting (AGM). Additionally, M/s H. Maheshwari & Associates was appointed as the scrutinizer for the 9th AGM, and related party transactions were approved. The micro-cap apparel maker has an annualized revenue of Rs 8.37 Cr in FY26, down from Rs 17.92 Cr in FY25.
- Approved draft Board Report and MD&A Report for F.Y. 2025-26
- Approved draft Notice and schedule for the 9th Annual General Meeting
- Appointed M/S H. Maheshwari & Associates (Membership No. F-14116, COP No. 10245) as AGM scrutinizer
- Approved related party transactions under Companies Act and SEBI LODR
Mish Designs Limited has acquired a 59.78% controlling stake in I'Design Fashions Private Limited on August 24, 2026, making it a subsidiary. The transaction involves subscribing to 2,03,258 equity shares at face value of Rs 10 each for an aggregate cash consideration of approximately Rs 20.33 lakh. The target company, incorporated in April 2021 in the apparel retail and manufacturing segment, has reported zero turnover to date. The acquisition is intended to help the company scale up operations and expand market presence.
- Acquiring 59.78% majority control via allotment of 2,03,258 equity shares
- Cash subscription price of Rs 10 per share, totaling ~Rs 20.33 lakh
- Target entity incorporated on April 5, 2021, with nil historical turnover to date
- Transaction classified as a related party transaction completed at arm's length
Mish Designs Ltd has approved the allotment of 2,63,160 equity shares and 2,45,615 convertible warrants at an issue price of Rs 57 per unit. This price represents a significant premium of approximately 79% over the current market price of Rs 31.8. The company has received an immediate cash infusion of Rs 1.85 crore, comprising 100% of the equity subscription and 25% of the warrant subscription. The total potential fundraise of Rs 2.90 crore is substantial, representing roughly 24% of the company's current market capitalization of Rs 12 crore.
- Allotment of 2,63,160 equity shares at Rs 57 each, aggregating to Rs 1.50 crore
- Allotment of 2,45,615 warrants at Rs 57 each, with Rs 0.35 crore (25%) received upfront
- Issue price of Rs 57 is a ~79% premium to the current market price of Rs 31.8
- Total potential fundraise of ~Rs 2.90 crore represents ~24.2% of the current market cap
- Warrants are convertible into equity shares within a period of 18 months
Mish Designs has completed the allotment of 2,63,160 equity shares and 2,45,615 warrants at an issue price of Rs 57 per unit. The total potential fundraise is approximately Rs 2.90 crore, which is significant given the company's small market cap of Rs 12 crore. The company has already received Rs 1.85 crore (100% for shares and 25% for warrants). Notably, the issue price of Rs 57 is a substantial premium over the current market price of Rs 31.8, indicating strong confidence from the allottees, including promoters.
- Allotment of 2,63,160 equity shares and 2,45,615 warrants at a fixed price of Rs 57 per unit
- Total potential capital infusion of Rs 2.90 crore, representing ~24.2% of the current market capitalization
- Immediate receipt of Rs 1.85 crore in subscription money (Rs 1.50 Cr for shares and Rs 0.35 Cr for warrants)
- Issue price of Rs 57 represents a ~79% premium to the current market price of Rs 31.8
- Warrants are convertible into equity within 18 months upon payment of the remaining 75% balance
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