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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.