Mishtann Foods' auditors issued a qualified opinion on the Q1 financial results, highlighting severe issues that cast substantial doubt on the company's ability to continue as a going concern.

Concerns include SEBI allegations of fictitious transactions and ₹49.90 Cr misutilization, ₹593.71 Cr in trade receivables with no provision, significant tax demands (GST ₹206.84 Cr, disputed income tax ₹117.44 Cr), and lack of audit trail software.

Separately, the board approved the quarter's financials, reporting standalone total revenue of ₹18.32 Cr and net profit of ₹0.50 Cr.

Ms. Rainy Ramesh Singhi resigned as Independent Director, leading to the reconstitution of key board committees.