Submission of Audited Financial Results for the Quarter ended 31.03.2026 of Dion Global Solutions Limited
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Dion Global Solutions Ltd has submitted its audited standalone financial results for Q4 and full year ended March 31, 2026. The company continues under Corporate Insolvency Resolution Process (CIRP) since August 2020, with powers vested in Resolution Professional Pardeep Kumar Lakhani. For the full year, total revenue stood at Rs 1,242.17 lakhs, up from Rs 1,062.26 lakhs in the previous year. However, the company reported a loss before tax of Rs 96.03 lakhs compared to a profit of Rs 11.16 lakhs in FY25. Q4 revenue from operations was Rs 277.16 lakhs, down from Rs 342.26 lakhs in Q4 FY25. EBITDA for the year turned negative at Rs (88.79) lakhs versus positive Rs 17.97 lakhs in the prior year. The auditor issued a qualified opinion citing going concern issues, negative net worth, accumulated losses, bank loan defaults, and non-creation of restructuring provisions under IND AS 37. A resolution plan approved by the Committee of Creditors is pending before NCLT.
The company remains in insolvency proceedings with mounting losses and negative EBITDA. Shareholders face extreme risk as the resolution plan awaits NCLT approval, and the qualified auditor opinion highlights material uncertainty about the company's ability to continue as a going concern.