Hipolin Ltd has confirmed that its statutory auditor issued an unmodified opinion on the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company submitted declarations to BSE on June 30, 2026, confirming the accuracy of its financial statements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor, S D P M & Co. (FRN: 126741W), provided the audit report for the period ended March 31, 2026. This disclosure was made pursuant to Regulation 33(3)(d) of the SEBI regulations, which mandates companies to declare the nature of the auditor's report.

Compliance with SEBI Regulations

The company addressed a communication from BSE dated June 30, 2026, regarding the declarations submitted with the audited financial results. Hipolin clarified that the auditor's report carries an unmodified and unqualified opinion for both standalone and consolidated financial statements.

Additionally, the company submitted a declaration under Regulation 33(2)(a). This regulation requires the company to confirm that the financial results do not contain any false or misleading statements, figures, or omissions of material facts that could render the statements misleading.

Key Disclosures

The declarations were signed by Daxesh B. Shah, Director of Hipolin Ltd. The company requested the exchange to place these clarifications on record.

Hipolin Limited has published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in The Free Press Journal and Lok Mitra newspapers. The company narrowed its net loss to ₹77.07 lakh for FY26, a significant improvement from the net loss of ₹327.70 lakh recorded in the previous year. The reduction in loss was primarily driven by a substantial decrease in total expenditure, which fell to ₹1,460.22 lakh from ₹2,521.07 lakh in FY25, despite a decline in revenue from operations to ₹1,414.70 lakh from ₹2,156.42 lakh.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹0.64 lakh, compared to a net loss of ₹236.39 lakh in the same quarter of the previous year. Quarterly revenue from operations stood at ₹393.93 lakh. Total income for the year stood at ₹1,433.32 lakh. The financial results were reviewed by the Audit Committee and are based on financial statements audited by the Statutory Auditor, S D P M & Co., Chartered Accountants.

Operational and Balance Sheet Highlights

The company's paid-up equity share capital remained unchanged at ₹313.13 lakh. On the balance sheet front, total assets stood at ₹1,098.23 lakh as of March 31, 2026, down from ₹1,297.64 lakh a year earlier. Cash and cash equivalents decreased to ₹10.98 lakh from ₹28.10 lakh in the previous year. The audit confirmed that the results give a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Consolidated Results

The consolidated financial results, which include the figures of wholly-owned subsidiary Jayantilal Bhogilal Chemicals Private Limited, reflected a similar trend. The group reported a net loss of ₹77.12 lakh for FY26, compared to a loss of ₹327.75 lakh in FY25. Total consolidated income for the year was ₹1,433.37 lakh. The board approved these results in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015.