IST Limited has appointed M/s. Pawan K Singla & Co., Chartered Accountants, as its Internal Auditors for the financial year 2026-27. The Board of Directors approved the appointment on July 30, 2026, acting on the recommendation of the Audit Committee. This change follows the completion of the tenure of the previous internal auditors, M/s Jinendra & Co., who are no longer associated with the company in this capacity.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)/2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its intimation to the exchanges. The Board meeting commenced at 11:15 A.M. and concluded at 2:15 P.M. on July 30, 2026.

Auditor Profile and Expertise

M/s. Pawan K Singla & Co. is a senior Chartered Accountancy firm with registration number FRN: 021595N and approximately 20 years of professional experience. The firm provides a range of audit services including Statutory Audit, Branch Audit, Concurrent Audit, Internal Audit, Stock Audit, GST Audit, Information System Audit, and Special Investigation Audit.

In addition to audit services, the firm offers corporate consultancy services covering Direct and Indirect Taxation, restructuring, Financial planning, Investment Layering, and Portfolio management for clients and corporates.

Appointment Details

The appointment ensures continuity in internal audit functions for IST Limited as it enters the new financial year. There are no disclosed relationships between the directors of IST Limited and the newly appointed internal auditors.

IST Limited reported a consolidated net profit of ₹15,340.96 lakhs for the financial year ended March 31, 2026, despite recording a consolidated net loss of ₹850.24 lakhs for the quarter ended March 31, 2026. The company had posted a net profit of ₹1,676.53 lakhs in the corresponding quarter of the previous year. On a standalone basis, the company posted a net loss of ₹506.13 lakhs for the quarter, against a net profit of ₹59.31 lakhs in Q4 FY25, while the annual standalone net profit stood at ₹3,709.26 lakhs.

The Board of Directors at its meeting held on May 29, 2026, approved the audited annual financial statements, including the audited consolidated financial statements for FY26. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The consolidated total income for Q4 FY26 stood at ₹1,641.96 lakhs, a decrease from ₹3,250.73 lakhs in the prior year quarter. For the full year, consolidated total income rose to ₹25,932.34 lakhs from ₹22,251.80 lakhs in FY25. Total expenses for the quarter increased to ₹2,355.07 lakhs from ₹1,106.73 lakhs in the same period last year. The company reported a basic earnings per share (EPS) of (₹8.15) for the quarter and ₹131.90 for the year ended March 31, 2026, on a consolidated basis.

Segment Performance

The Group operates two reportable segments: Manufacturing and SEZ Operations. The SEZ Segment reported revenue of ₹2,475.93 lakhs for the quarter, while the Manufacturing Segment generated ₹965.86 lakhs. For the full year, the SEZ Segment contributed ₹9,219.45 lakhs to the total revenue, and the Manufacturing Segment contributed ₹3,396.59 lakhs. The Manufacturing Segment recorded a loss before tax and finance cost of ₹646.70 lakhs for the quarter, whereas the SEZ Segment posted a profit of ₹7.04 lakhs before tax and finance cost.

Financial Position and Cash Flows

As of March 31, 2026, the consolidated total assets stood at ₹1,82,241.91 lakhs, up from ₹1,56,087.87 lakhs in the previous year. Total equity increased to ₹1,69,221.69 lakhs from ₹1,47,322.42 lakhs. The company reported a net decrease in cash and cash equivalents of ₹298.84 lakhs for the year, bringing the closing balance to ₹471.11 lakhs. Other income for the quarter was negative at ₹(1,799.83) lakhs, primarily due to a loss on the fair value of investments measured at FVTPL.