ION Exchange (India) Limited has informed the Exchange regarding Change in Auditors of the company.
IONEXCHANG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.