Board Meeting Outcome

The Board of Directors of TCFC Finance Limited met on Wednesday, 11th November, 2026. The meeting commenced at 15:30 hours and concluded at 15:50 hours. The Board inter-alia considered and approved the following matters:

1. Considered and approved the Unaudited Standalone Financial Results of the Company for the quarter and half year ended 30th September, 2026.

2. Taken on record the Limited Review Report received from the Statutory Auditors, Desai Saksena & Associates, for the quarter ended 30th September, 2026.

Independent Auditor's Limited Review Report

The statutory auditors, Desai Saksena & Associates (FRN: 0102358W), issued an unmodified limited review report on the unaudited standalone financial results. The report, signed by Partner Alok K Saksena (Mem. No: 035170) and dated 11th November 2026, concluded that based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

Key Financial Figures (Standalone)

Profit & Loss Statement (₹ in Lakhs)

Quarter Ended 30th September, 2026 (Q2 FY27)
  • Total Revenue from Operations: (192.03)
  • Interest Income: 32.85
  • Dividend Income: 10.47
  • Net gain/(loss) on fair value changes: (235.35)
  • Other Income: 1.99
  • Total Income (I + II): (190.04)
  • Total Expenses: 41.61
  • Employee Benefits Expense: 21.30
  • Depreciation and amortization: 7.95
  • Other expenses: 12.36
  • Profit / (loss) before tax: (231.65)
  • Total Tax Expense: (62.57)
  • Current Tax: 95.10
  • Deferred Tax: (157.67)
  • Profit / (loss) for the period after tax: (169.08)
  • Earnings per equity share (Basic and Diluted) (₹): (1.70)
Half Year Ended 30th September, 2026 (H1 FY27)
  • Total Revenue from Operations: 744.91
  • Interest Income: 69.41
  • Dividend Income: 18.02
  • Net gain on fair value changes: 657.49
  • Other Income: 6.36
  • Total Income (I + II): 751.28
  • Total Expenses: 285.09
  • Employee Benefits Expense: 42.05
  • Depreciation and amortization: 15.82
  • Other expenses: 227.22
  • Profit / (loss) before tax: 466.19
  • Total Tax Expense: 220.82
  • Current Tax: 225.10
  • Deferred Tax: (4.28)
  • Profit / (loss) for the period after tax: 245.37
  • Earnings per equity share (Basic and Diluted) (₹): 2.47

Statement of Assets and Liabilities (₹ in Lakhs)

As at 30th September, 2026 (Unaudited)
  • Total Assets: 11,453.84
  • Financial Assets: 11,384.91
  • Cash and Cash Equivalents: 59.28
  • Other Bank Balances: 22.39
  • Inventories (Stock in trade): 9,817.70
  • Trade Receivables: 45.00
  • Investments: 1,407.98
  • Other Financial Assets: 32.55
  • Non-financial Assets: 68.93
  • Current Tax Assets (Net): 7.88
  • Property, Plant and Equipment: 55.45
  • Other Intangible Assets: 0.59
  • Other Non-financial Assets: 5.02
  • Total Equity and Liabilities: 11,453.84
  • Equity: 11,159.85
  • Equity Share capital: 994.88
  • Other Equity: 10,164.97
  • Liabilities: 293.99
  • Financial Liabilities: 132.40
  • Non-Financial Liabilities: 161.59
  • Provisions: 39.16
  • Deferred tax liabilities (Net): 121.69
  • Other non-financial liabilities: 0.74

Cash Flow Statement (H1 FY27, ₹ in Lakhs)

  • Net cash from Operating Activities: (73.20)
  • Net cash from Investing Activities: 87.43
  • Dividends received: 18.02
  • Interest received: 69.41
  • Net cash from Financing Activities: -
  • Net increase in cash and cash equivalents: 14.22
  • Cash and Cash Equivalents at beginning of period: 45.06
  • Cash and Cash Equivalents at end of period: 59.28

Notes to the Financial Results

1. The company's business activity falls within a single primary business segment, "Investments"; hence, disclosure requirements of Ind AS 108 are not applicable.

2. The results were reviewed by the Audit Committee and approved by the Board of Directors on November 11, 2026. The statutory auditors have expressed an unmodified conclusion on these results.

3. The financial results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Regulation 33 of the SEBI Listing Regulations.

4. The statement includes results for the quarter ended September 30, 2026, as balancing figures between the audited full year ended March 31, 2026, and the published unaudited year-to-date figures up to the first quarter of the current financial year.

5. Previous period/year figures have been regrouped/reclassified wherever necessary to conform to the current period/year classification.