Revised FY26 Results Flagged with Audit Qualifications

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.