In reference to our earlier communication dated May 21, 2026 and pursuant to the provisions of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ....
ALANKIT · price
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Alankit Limited's Board approved audited standalone and consolidated financial results for Q4 and year ended March 31, 2026. Consolidated total income grew 16.9% to ₹37,344.23 lakhs (FY25: ₹31,940.95 lakhs), but net profit declined 3.7% to ₹2,087.02 lakhs (FY25: ₹2,167.02 lakhs). Standalone net profit increased 5.5% to ₹1,228.24 lakhs. Auditors issued an unmodified opinion but highlighted three emphasis of matter items: (1) income tax demand notices of ₹17,932.61 lakhs (consolidated) for A.Y. 2011-12 to 2020-21 under appeal; (2) ₹5,393 lakhs paid to a related party for property purchase where legal title has not yet been transferred; and (3) significant write-back of trade payables (₹1,084.17 lakhs) and write-off of trade receivables (₹1,312.65 lakhs). The company has 7 subsidiaries including Alankit Technologies, Alankit Forex, and Verasys Limited.
PAT decline despite revenue growth indicates margin compression and raises concerns about cost management. The ₹17,933 lakh tax demand represents a major contingent liability despite management's legal opinion. The related party property transaction with incomplete title transfer is a red flag for governance.