Board restates FY26 results over ERP error, reappoints statutory auditor

Results RestatedEmphasis Of MatterExceptional ItemResults View source PDF Explain this filing

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

+5.1%Reaction day

₹582.50

prior close

₹612.05

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.7% vs market

Commodity Chemicals peers, median of 54sector-0.6%+5.6% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 5.6 pts more than its Commodity 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 · Commodity Chemicals peers, median of 54Pending

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AI summary

National Peroxide restated FY26 results after discovering an ERP error that understated natural gas raw material costs by Rs 694.63 lakhs. FY26 PAT revised down to Rs 922.96 lakhs; EPS cut to Rs 16.06. Auditor issued a revised report with unmodified opinion and emphasis of matter. Final dividend of Rs 7 per share retained. Board also reappointed statutory auditors Kalyaniwalla and Mistry LLP for a second 5-year term.

Likely market impact

Profit downgrade due to accounting error correction; auditor kept clean opinion but flagged restatement. Dividend unchanged.