Financial Results for Quarter and Year Ended 31st March, 2026

Quarterly Performance (₹ in Lakhs):

  • Q4 FY26: Total Income: ₹5.06; Total Expenses: ₹52.54; Loss before tax: ₹(834.02); Tax benefit: ₹(280.40); Net loss: ₹(553.62); EPS: ₹(5.28)
  • Q3 FY26: Total Income: ₹148.09; Total Expenses: ₹54.35; Profit before tax: ₹93.75; Tax expense: ₹99.00; Net loss: ₹(5.25); EPS: ₹(0.05)
  • Q2 FY26: Total Income: ₹12.95; Total Expenses: ₹50.35; Loss before tax: ₹(414.62); Tax benefit: ₹(111.07); Net loss: ₹(303.55); EPS: ₹(2.90)
  • Q1 FY26: Total Income: ₹5.35; Total Expenses: ₹189.52; Loss before tax: ₹(342.04); Tax benefit: ₹(160.53); Net loss: ₹(181.51); EPS: ₹(1.73)

Annual Performance FY26 vs FY25 (₹ in Lakhs):

  • Total Income FY26: ₹52.33 vs FY25: ₹283.64
  • Employee Benefits Expense FY26: ₹80.39 vs FY25: ₹89.53
  • Depreciation FY26: ₹31.54 vs FY25: ₹9.55
  • Loss before tax FY26: ₹(342.04) vs FY25 Profit: ₹138.99
  • Net loss FY26: ₹(181.51) vs FY25 Profit: ₹121.69
  • EPS FY26: ₹(1.73) vs FY25: ₹1.36

Cash Flow Statements (₹ in Lakhs):

  • Operating Activities: Net cash outflow ₹(159.54) vs FY25 inflow ₹10.81
  • Investing Activities: Net cash inflow ₹194.58 vs FY25 inflow ₹165.91
  • Financing Activities: No activity in FY26 vs FY25 outflow ₹(188.68)
  • Net change in cash: Increase ₹35.04 vs FY25 decrease ₹(11.96)

Balance Sheet Position (₹ in Lakhs) as at 31st March, 2026:

  • Total Assets: ₹11,331.36 vs FY25: ₹11,018.86
  • Financial Assets: ₹11,229.19 including investments ₹2,353.71
  • Equity: ₹10,902.00 including share capital ₹1,048.21
  • Liabilities: ₹407.61 including provisions ₹40.76

Capital Reduction Details

NCLT Approval and Implementation:

  • Hon'ble NCLT Mumbai Bench approved capital reduction vide order dated 22nd April, 2026 in CP No. 285(MB)2025
  • Certified copy received on 4th May, 2026
  • Registrar of Companies registered the order on 8th May, 2026
  • Board fixed record date: 4th June, 2026

Capital Structure Change:

  • Pre-reduction: Paid-up capital ₹10,48,21,290 divided into 1,04,82,129 equity shares of ₹10 each
  • Post-reduction: Paid-up capital ₹9,94,87,950 divided into 99,48,795 equity shares of ₹10 each
  • Reduction amount: Cancellation of 5,33,334 equity shares without consideration
  • Accounting treatment: Debit equity share capital ₹53,33,340; credit retained earnings ₹53,33,340
  • Authorized share capital remains unchanged at ₹25,00,00,000 (2,50,00,000 shares of ₹10 each)

Historical Context:

  • The 533,334 shares were received by the company pursuant to a 1999 High Court approved scheme between 20th Century Finance Corporation and TCFC Finance Limited
  • Since companies cannot hold their own shares, the Board approved cancellation on 28th March, 2024
  • Special resolution passed in AGM on 26th September, 2025

SEBI Regulations:

  • Filed under Regulation 30 for board meeting outcomes
  • Financial results under Regulation 33
  • Record date fixation under Regulation 42

Auditor Confirmation:

  • Statutory auditors M/s. Desai Saksena & Associates (FRN: 0102358W) issued unmodified opinion
  • Audit report signed by Alok K Saksena (Membership No. 035170)
  • Declaration submitted under Regulation 33(3)(d)

Additional Documents Submitted:

  • Certified copy of NCLT order
  • BSE observation letter with "No Adverse Observation"
  • Scheme synopsis and approved minutes
  • Audit report and declaration

Board Meeting Details

  • Meeting held on 25th May, 2026
  • Commenced at 3:30 PM, concluded at 3:45 PM
  • Results available on company website: www.tcfcfinance.com