Ishan Dyes and Chemicals Limited has informed the Exchange regarding Appointment of M/s H D Panchal & Co as Internal Auditor of the company w.e.f. May 28, 2026.
ISHANCH · price
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Ishan Dyes and Chemicals reported a sharp deterioration in FY2026 performance with net sales declining to Rs 7347.13 lakhs from Rs 10146.96 lakhs in FY2025 (approx 27.6% decline). The company swung to a net loss of Rs 710.85 lakhs for FY2026 compared to a profit of Rs 108.50 lakhs in FY2025. Finance costs increased significantly to Rs 701.83 lakhs from Rs 512.89 lakhs. The company reported a loss before tax of Rs 496.20 lakhs versus a profit of Rs 211.88 lakhs in the prior year. The statutory auditors (M/s A R Sulakhe & Co) issued an unmodified opinion. Concurrently, M/s H D Panchal & Co was appointed as Internal Auditor for FY2026-27. The company raised capital via equity shares (Rs 3991.84 lakhs) and share warrants (Rs 538.79 lakhs) during the year.
The company posted a significant loss in FY2026 with revenue down nearly 28%, indicating operational stress likely from lower chemical sector demand and rising input/finance costs. Despite fresh capital raise, the negative bottom line and increased borrowings (total Rs 9028.62 lakhs) are concerns for investors.