Revised FY26 Results Flagged with Audit Qualifications

Qualified OpinionPat NegativeRevenue DeclineRelated Party TransactionsResults RestatedResults View source PDF Explain this filing

ISHANCH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

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₹57.80

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-0.5% vs market

Specialty Chemicals peers, median of 94sector+0.3%+0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 94Pending

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AI summary

Ishan Dyes and Chemicals submitted revised audited FY26 results after an earlier omission of the audit qualification statement. FY26 revenue fell to Rs 7,663.63 lakhs from Rs 10,446.85 lakhs in FY25. The company reported a net loss of Rs 710.85 lakhs against a profit of Rs 108.50 lakhs last year. The auditor issued a qualified opinion flagging two issues: a Rs 1,460.22 lakh loan to related party Cluster Enviro Private Limited whose net worth has turned negative, with no impairment provision made; and inventory overvalued by Rs 284.78 lakhs above cost. Board also appointed a new internal auditor for FY27.

Likely market impact

Negative: revenue drop, swing to loss, and qualified audit opinion over doubtful related-party loan raise governance and asset quality concerns for shareholders.