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DYES AND CHEMICALS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-282026-05-11INRLakhsQuarterlyFourth quarterSingle segmentChemicals2026-05-2817:30:002026-05-2818:30:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNoNAfalsetrue2026-05-28www.ishandyes.comtrue2falseNA2026-01-012026-03-31AuditedStandalone317553000171060003346590003016880000-11068100030615000285790002070700040123000311031000236280000236280001330008845000897800001465000000001465000067800015328000273044000100.560.560.560.561.121.122025-04-012026-03-31AuditedStandalone73471300031650000766363000485346000023648000820530007018300048478000106274000815982000-496190000-4961900013300021332000214650000-710840000000-71084000678000-70406000273044000101136161000-3-2.99-3-2.99-6-5.98Other expenses14122000Power Expenses18291000Fuel Expenses7710000Other expenses45031000Power Expenses42391000Fuel Expenses18852000163400600035082000046680004309000205000020500050460000172873000033777800003849000040380000181556000613770002854610002079460008311850002559915000273044000114829800014213420001421342000327455000884700033630200042900003888600037947800057540700015250000408010005605100045509000676967000655510001657700075909500011385730002559915000Other non-current assets50460000Others Financial Asset61377000Other Current assets207946000Other Non Current Liabilities8847000Other Financial Liabilities45509000Other Current Liabilities655510007018300017480000812770000-138800000000-14382400009252500004847800007016000000000000000015925500010963600000-22200000151800008591800000000000039150200000000000000007881800000002220000000-44812000000399184000538790000000306440004871000000694080000-77600036481300026110000261100014260004037000-678000-678000678000678000Ishan Dyes and Chemicals Limited******Cluster Enviro Private Limited ******Enterprise over which key managerial personnel are able to exercise significant influenceAdvanceApproval taken as applicable Provision76830009233400094016000Ishan Dyes and Chemicals Limited******Cluster Enviro Private Limited ******Enterprise over which key managerial personnel are able to exercise significant influenceAdvanceApproval taken as applicable Provision600000000Ishan Dyes and Chemicals Limited******Cluster Enviro Private Limited ******Enterprise over which key managerial personnel are able to exercise significant influenceInterest receivedApproval taken as applicable Provision123420004376300056105000Ishan Dyes and Chemicals Limited******Mr. Piyush N Patel******Key Managerial Personnel (Managing Director)LoanApproval taken as applicable Provision17500000205450002545000Ishan Dyes and Chemicals Limited******Mr. Piyush N Patel******Key Managerial Personnel (Managing Director)LoanApproval taken as applicable Provision3550000000Ishan Dyes and Chemicals Limited******Mr. Piyush N Patel******Key Managerial Personnel (Managing Director)RemunerationApproval taken as applicable Provision415400018810002406000Ishan Dyes and Chemicals Limited******Mr. Shrinal P Patel******Key Managerial Personnel (Managing Director)LoanApproval taken as applicable Provision35666000020582000Ishan Dyes and Chemicals Limited******Mr. Shrinal P Patel******Key Managerial Personnel (Managing Director)LoanApproval taken as applicable Provision1508400000Ishan Dyes and Chemicals Limited******Mr. Shrinal P Patel******Key Managerial Personnel (Whole-Time Director)LoanApproval taken as applicable Provision43910005800000Ishan Dyes and Chemicals Limited******Mr. Shrinal P Patel******Key Managerial Personnel (Whole-Time Director)LoanApproval taken as applicable Provision497100000Ishan Dyes and Chemicals Limited******Mr. Shrinal P Patel******Key Managerial Personnel (Whole-Time Director)RemunerationApproval taken as applicable Provision1167000299000651000Ishan Dyes and Chemicals Limited******Mrs. Mirali H Patel******DirectorLoanApproval taken as applicable Provision472000004720000Ishan Dyes and Chemicals Limited******Mrs. Mirali H Patel******DirectorLoanApproval taken as applicable Provision2000001800000Ishan Dyes and Chemicals Limited******Mrs. Mirali H Patel******DirectorLoanApproval taken as applicable Provision38000000Ishan Dyes and Chemicals Limited******Mrs. Mirali H Patel******DirectorRemunerationApproval taken as applicable Provision33100070000104000Ishan Dyes and Chemicals Limited******Mr. Chintan P Pancholi******Key Managerial Personnel (Chief Financial Officer)RemunerationApproval taken as applicable Provision844000158000261000Ishan Dyes and Chemicals Limited******Anisha Jain******Key Managerial Personnel (Company Secretary) from 2nd January 2023RemunerationApproval taken as applicable Provision1200004500056000Ishan Dyes and Chemicals Limited******Vidushi Jain******Key Managerial Personnel (Company Secretary) from 3rd February 2026RemunerationApproval taken as applicable Provision46000026000Ishan Dyes and Chemicals Limited******Nirmal Tiwari******DirectorAny other transactionDirector Sitting FeesApproval taken as applicable Provision2500000Ishan Dyes and Chemicals Limited******Apeksha Panchal******DirectorAny other transactionDirector Sitting FeesApproval taken as applicable Provision2500000Ishan Dyes and Chemicals Limited******Darshan Shah******DirectorAny other transactionDirector Sitting FeesApproval taken as applicable Provision2500000151174000AuditedQualified opinionM/s A R Sulakhe & Cotrue2028-08-3176636300008159830000-710850000-30255991300001138572000014213420000The Company has advanced a loan of Rs. 1,460.22 Lakhs to a related party. As per the audited financial statements of the related party, its net worth has turned negative, and it has no active business due to ongoing legal issues. As per the requirements of Ind AS 109 - Financial Instruments, the Company is required to assess such financial assets for impairment using the Expected Credit Loss (ECL) model and recognise appropriate impairment loss. The management has not made any provision for impairment of the said loan. <br></br> <br></br> In our opinion, a provision of Rs. 1,460.22 Lakhs is required in respect of the aforesaid loan. Had this provision been made, the net loss for the year ended March 31, 2026, would have been higher by Rs. 1,460.22 Lakhs and the reserves and surplus as at March 31, 2026, would have been lower by Rs. 1,460.22 LakhsQualified opinionWhether appeared first timeThe Company has extended Unsecured Loan of Rs. 1460.22 Lakhs to Cluster Enviro Private Limited, one of its associate concerns. The said loan was extended in the ordinary course of the business. Further the said loan is strategic in nature and fully recoverable. The management is confident for the recovery of the said loans considering the ongoing discussions by the said Company with its potential investors with whom revival plans and fund infusion plan discussions are undergoing. Barring unforeseen circumstances, the management is hopeful for the recovery of the said loans and in view of the said facts no provision was considered necessary. Not Applicable.Not Applicable.NilThe Company has valued certain inventories (Finish Goods) held against specific customer contracts at Net Realisable Value (NRV) amounting to Rs. 2759.49 Lakhs. As per Ind AS 2 - Inventories, inventories are required to be measured at the lower of cost and Net Realisable Value. Since the NRV of these inventories (Finish Goods) exceeds their cost, the Company has carried them above cost, which is not in conformity with Ind AS 2. <br></br> <br></br> In our opinion, the said inventories (Finish Goods) should be measured at cost. Had the inventories been so measured, the value of inventories (Finish Goods) would have been lower by Rs. 284.78 Lakhs, the net loss for the year ended March 31, 2026 would have been higher by Rs. 284.78 Lakhs, and the total equity as at March 31, 2026 would have been lower by Rs. 284.78 Lakhs.Qualified opinionWhether appeared first timeThe Inventory was produced against specific export/local confirmed order for supply, however, due to geopolitical situation, delayed availability of the shipments and other external variables, the supplies for such orders were delayed. Since the inventory was produced for specific confirmed order, which was subsequently dispatched, the said inventories were valued at market price which could have been otherwise recorded as revenue for the year in case supplied were made on time before year end. Not Applicable.Not Applicable.Nil <br></br> Piyushbhai Natvarlal PatelChintan Prakashbhai PancholiNirmal TiwariA.R. Sulakhe & Co.NAAhmedabad2026-05-28Preferential Issues2026-03-21199990002026-03-31falsefalseNANANAPiyushbhai Natvarlal PatelManaging DirectorAhmedabad2026-05-28Preferential Issues2026-03-28349980002026-03-31falsefalseNANANATo Acquire and purchase Plant & Machinery, Equipment’s and its upgradationNil100000000000To Meet the Working Capital requirementsNil400000000199990000To Repay Debts and Borrowings of the CompanyNil100000000000General Corporate PurposesNil75000000000To Acquire and purchase Plant & Machinery, Equipment’s and its upgradationNil100000000000To Meet the Working Capital requirementsNil400000000349980000To Repay Debts and Borrowings of the CompanyNil100000000000General Corporate PurposesNil75000000000