Appointment of M/s. Nangia Global Advisors LLP as Internal Auditors and Re-appointment of M/s. RJ Goel & Co. as Cost Auditors of the Company For FY 2026-27.
ESTER · price
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Ester Industries Ltd reported audited standalone results for FY 2025-26 with revenue of Rs 1,04,513 lakh, down 2.4% from Rs 1,07,046 lakh in FY 2024-25. Standalone net profit declined sharply to Rs 482 lakh from Rs 3,688 lakh, a fall of about 87%. On consolidated basis, the company posted a net loss of Rs 1,700 lakh compared to a profit of Rs 1,129 lakh in the prior year. The Board approved appointment of M/s Nangia Global Advisors LLP as Internal Auditors and re-appointed M/s RJ Goel & Co. as Cost Auditors for FY 2026-27. A final dividend of Rs 0.25 per equity share (face value Rs 5) has been recommended, subject to shareholder approval. The statutory auditors issued an unmodified opinion on both standalone and consolidated financial statements.
The sharp decline in profitability, particularly the consolidated net loss, may negatively impact investor sentiment. However, the clean audit opinion and dividend announcement provide some comfort to shareholders. The appointment of new internal auditors indicates potential strengthening of internal controls.