ION Exchange (India) Limited has informed the Exchange regarding Change in Auditors of the company.

Net loss reportedEBITDA margin compressionEmphasis of matterResults View source PDF Explain this filing

IONEXCHANG · price

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Price reactionminutes from the announcement price · days from the prior close

-6.8%Reaction day

₹409.90

prior close

₹385.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-6.7% vs market

Other Utilities peers, median of 13sector · industry level+0.3%-7.1% vs sector

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 7.1 pts less than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.3

15m

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30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.8-0.0-6.7+0.3-7.1

Next day

-11.8-0.7-11.1-1.0-10.8

-13.9-1.8-12.1-1.0-12.9

-12.4-0.7-11.7-2.3-10.1

-13.4-0.5-12.9-2.7-10.7

-13.8+0.4-14.2-5.1-8.6

-17.1-1.6-15.5-3.1-14.0

15d

-10.2+4.6-14.8+4.2-14.4

+1.0+4.6-3.6+14.7-13.7

+4.1+6.1-2.0+7.4-3.3

-8.3+10.8-19.2-2.1-6.2

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ION Exchange reported standalone revenue of Rs 267,891 Lacs for FY2026, up 5.5% from Rs 254,006 Lacs in FY2025. However, profitability declined significantly - profit after tax fell 35.5% to Rs 13,838 Lacs from Rs 21,448 Lacs, while EPS dropped to Rs 11.26 from Rs 17.45. The board recommended a dividend of Rs 1.25 per share (125%) for FY2026. Deloitte Haskins & Sells LLP issued an unmodified audit opinion on both standalone and consolidated results. The consolidated auditor's report included an Emphasis of Matter regarding Ion Exchange Enviro Farms Limited subsidiary, where SEBI has directed a Rs 22.02 crore deposit and a SAT appeal is pending with next hearing on June 24, 2026. The company appointed R. Nanabhoy & Co. as Cost Auditors for FY2026-27.

Likely market impact

The sharp 35% decline in profit despite modest revenue growth signals margin compression, which may concern investors. The SEBI-related regulatory matter at the subsidiary adds contingent liability risk. However, the continuation of dividends and clean audit opinion provide some stability.