Ester Industries Limited has informed the Exchange regarding Appointment of M/s Nangia Global Advisors LLP as Internal Auditors of the company w.e.f. May 13, 2026 for FY 2026-27.
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Ester Industries Limited reported FY2025-26 standalone revenue of Rs. 1,04,512.79 lakhs (down from Rs. 1,07,046.22 lakhs in FY25) and standalone net profit of Rs. 481.58 lakhs, a steep decline from Rs. 3,688.38 lakhs in the previous year. Consolidated financials show revenue of Rs. 1,37,519.49 lakhs but a net loss of Rs. 127.57 lakhs. The Board approved appointment of M/s Nangia Global Advisors LLP as Internal Auditors for FY26-27 and recommended a final dividend of Rs. 0.25 per equity share. Statutory auditors Walker Chandiok & Co LLP issued unmodified opinions on both standalone and consolidated results.
The company experienced a significant profitability decline with standalone PAT dropping ~87% year-over-year. The new internal auditor appointment and cost auditor reappointment are routine governance matters. Shareholders may face near-term uncertainty given the substantial profit contraction despite stable revenue.