Annual General Meeting Details

  • Date: 28 July 2026 at 11:00 AM
  • Mode: Video Conferencing/Other Audio Visual Means (OAVM)
  • Record Date: 21 July 2026
  • Remote e-Voting Period: 25 July 2026 (9:00 AM) to 27 July 2026 (5:00 PM)

Financial Performance Summary (Standalone)

| Particulars | FY 2025-26 (₹ lakhs) | FY 2024-25 (₹ lakhs) |

| Revenue from Operations | 506.12 | 283.02 |

| Other Income | 14.29 | 13.15 |

| EBITDA | 107.63 | (184.89) |

| Finance Cost | 20.77 | 15.90 |

| Depreciation | 38.17 | 23.24 |

| Net Profit/(Loss) Before Tax | 48.69 | (224.03) |

| Tax Expense | - | - |

| Net Profit/(Loss) After Tax | 48.69 | (224.03) |

| Profit/(Loss) Brought Forward | (3,182.81) | (2,964.34) |

| Profit/(Loss) Carried Forward | (3,128.94) | (3,182.81) |

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 |

| Debtors Turnover | 178.46 | 131.11 |

| Interest Coverage Ratio | 5.18 | (11.63) |

| Current Ratio | 0.89 | 0.45 |

| Debt Equity Ratio | 0.12 | 0.18 |

| Operating Profit Margin | 0.21 | (0.62) |

| Net Profit Margin | 0.09 | (0.76) |

| Return on Net Worth | 0.04 | (0.20) |

Business Operations Update

The company is principally engaged in rendering services by providing space for film shooting, TV serials, advertisements and for corporate/social events. During FY26, the company reported significant improvement in operational performance with revenue growth of approximately 78.83% year-on-year.

Share Capital Structure

Equity Share Capital: ₹90.67 lakhs (8,96,791 equity shares of ₹10 each)

Preference Share Capital: ₹948.67 lakhs (9,48,662 preference shares of ₹100 each)

Total Paid-up Capital: ₹1,039.34 lakhs

During the year, the company allotted 46,250 Non-Convertible Redeemable Preference Shares (NCRPS) of ₹100 each at an issue price of ₹400 each (including premium of ₹300 each) to promoters and promoter group entities, aggregating ₹185 lakhs.

AGM Resolutions

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Dharmpal Agarwal (DIN: 00084105) as director retiring by rotation

3. Re-appointment of Vikas Agarwal (DIN: 00052738) as director retiring by rotation

Special Business

4. Re-classification of unissued portion of Authorised Share Capital from ₹16 crore divided into 36,00,000 equity shares and 12,40,000 preference shares to 32,40,000 equity shares and 12,76,000 preference shares

5. Issue of up to 2,50,000 Redeemable Preference Shares of ₹100 each at ₹400 per share (including premium of ₹300) aggregating ₹10 crore to promoters/promoter group entities on private placement basis

Preference Share Issue Details

The proposed NCRPS will:

  • Carry preferential rights but no dividend (0%)
  • Be non-convertible and non-participating
  • Be redeemed at a premium of 18% simple p.a. on issue price (max ₹400 per share)
  • Have redemption period of up to 20 years from date of issue
  • Not carry voting rights except as per Section 47(2) of Companies Act, 2013
  • Be issued through private placement to identified promoters/promoter group entities

Objects of the Issue: To meet working capital requirements, carry out major repairs/reconstruction at Colaba property, and general corporate purposes including repayment of unsecured loans.

Valuation: Conducted by Hemang Shah, Practicing Company Secretary & Registered Valuer (IBBI/RV/03/2020/12854)

Board and Management Changes

  • Shri Jagdish Chandra Sharma and Shri Sujan Sinha appointed as Additional Directors (Independent) w.e.f. 09 May 2025
  • Shri Ravishanker Jhunjhunwala and Shri Siddharth Mehta ceased as directors w.e.f. 30 June 2025
  • Shri Jagdish Chandra Sharma appointed as Chairman w.e.f. 01 July 2025
  • Shri Amit Chavan resigned as Company Secretary, Compliance Officer and CFO w.e.f. 16 September 2025
  • Ms. Anisha Dad appointed as Company Secretary and Compliance Officer w.e.f. 14 November 2025
  • Shri Jay Ahire appointed as Chief Financial Officer w.e.f. 14 November 2025

Corporate Governance

Board Meetings: 5 meetings held during FY26

Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, Risk Management Committee, and Share Allotment Committee constituted

Directors' Remuneration: Only sitting fees paid to independent directors; no commission or other remuneration

Property at Colaba, Mumbai

The Special Leave Petition (SLP) filed by the company before the Supreme Court challenging the Bombay High Court order regarding Municipal Corporation's refusal to approve building plans (primarily due to Indian Navy objections) was listed for hearing but could not be concluded due to change in bench composition.

The company completed repairs and reconstruction of the sea-retaining wall damaged during Cyclone Tauktae in May 2021, with the 22,000 sq ft area now generating revenue. Issues with Mumbai Port Trust's adjacent sea-retaining wall remain unresolved.

Contingent Liabilities

1. Cotton Corporation of India Ltd: ₹89.27 lakh decree (including interest); SLP pending in Supreme Court; ₹50 lakh deposited as directed

2. BEST Undertaking: ₹8.55 lakh demand for electricity charges; interest component challenged; ₹2.50 lakh deposited

3. Municipal Corporation of Greater Mumbai:

  • Property tax demand of ₹47.74 lakh provided for in financial statements
  • Additional property tax demands of ₹4,214.93 lakh (including ₹394.16 lakh for current year) not provided for; matter under dispute

Auditors

Statutory Auditors: V. Singhi & Associates (Chartered Accountants) - Firm Registration No. 311017E

Internal Auditors: Gokhale & Sathe (Chartered Accountants)

Secretarial Auditors: Chandanbala Jain & Associates (Practicing Company Secretaries)

All auditor reports are unqualified without any adverse remarks.

Dividend

No dividend recommended for FY 2025-26.

Other Disclosures

  • No deposits accepted under Section 73 of Companies Act, 2013
  • No material orders passed by regulators/courts impacting going concern status
  • No subsidiary, joint venture or associate companies
  • No loans, investments, guarantees or securities provided under Section 186
  • CSR provisions not applicable to the company
  • No fraud reported by auditors
  • No resignation of statutory auditors during the year

#Tags: #TCIIL #AnnualResults #AGM #PreferenceShares #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral