Palash Securities Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Palash Securities Limited reported audited standalone financial results for FY2026 ended March 31, 2026. Standalone revenue from operations declined significantly to ₹37,234 lakhs from ₹60,438 lakhs in FY2025, a drop of about 38%. Profit before tax fell to ₹3,012 lakhs from ₹50,348 lakhs in the previous year. The Board approved appointment of M/s Singhi & Co. as new statutory auditors for 5 years (replacing M/s Agrawal Subodh & Co. whose term ends) and M/s M Parasrampuria & Co. as internal auditors for FY2026-27. No dividend was recommended for FY2026. The consolidated auditor's report includes an Emphasis of Matter regarding associate company Morton Foods Limited, which incurred a net loss of ₹1,668.76 lakhs and whose net worth has been substantially eroded, indicating material uncertainty about its ability to continue as a going concern.
The standalone revenue and profit decline of approximately 38% is a significant negative signal for investors. The going concern uncertainty flagged by auditors for the associate company Morton Foods adds additional risk. The change in statutory auditors and absence of dividend may also concern shareholders.