Board Meeting Details

The Board of Directors meeting was held on August 06, 2026, commencing at 4:30 PM and concluding at 7:45 PM. The board considered and approved the unaudited standalone and consolidated financial results.

Financial Results Summary (Standalone)

Quarter Ended June 30, 2026 (Unaudited):

  • Total Income: ₹558.60 lakhs
  • Interest Income: ₹198.39 lakhs
  • Revenue from Securities Transaction: ₹360.21 lakhs
  • Total Expenses: ₹86.33 lakhs
  • Profit before tax: ₹472.27 lakhs
  • Tax expense: ₹120.87 lakhs
  • Net Profit for the period: ₹351.39 lakhs
  • Other Comprehensive Income: ₹14.15 lakhs
  • Total Comprehensive Income: ₹365.54 lakhs
  • Basic & Diluted EPS: ₹6.62 (not annualized)
  • Paid-up Equity Share Capital: ₹531.17 lakhs (equity shares of ₹10 each)

Comparative Figures (Standalone):

  • Previous Quarter (March 31, 2026): Net Loss of ₹437.36 lakhs
  • Corresponding Quarter Previous Year (June 30, 2025): Net Profit of ₹165.84 lakhs

Financial Results Summary (Consolidated)

Quarter Ended June 30, 2026 (Unaudited):

  • Total Income: ₹558.60 lakhs
  • Net Profit for the period: ₹350.99 lakhs (attributed to owners)
  • Total Comprehensive Income: ₹365.14 lakhs (attributed to owners)
  • Basic & Diluted EPS: ₹6.61 (not annualized)

Subsidiary Information

The consolidated results include TFL Supereco Automotive Private Limited, a wholly owned subsidiary incorporated on June 02, 2026. The subsidiary reported:

  • Total revenues: ₹NIL for the quarter
  • Net profit after tax: ₹-0.40 lakhs for the quarter
  • Total comprehensive income: ₹-0.40 lakhs for the quarter

The subsidiary's results were unaudited and certified by management, and the auditors did not review the subsidiary's interim financial results.

Auditor's Limited Review Report

The statutory auditors, M/s. JCR & Co. LLP Chartered Accountants, issued a limited review report dated August 06, 2026, with the following qualifications:

Regulatory Compliance Issues:

  • The company has continued financing activities despite cancellation of NBFC Certificate of Registration by RBI effective April 30, 2019
  • RBI order dated May 19, 2025 rejected application for grant of Certificate of Registration of NBFC and directed to stop financing business immediately
  • Company passed Board resolution on August 11, 2025 stating they shall not pursue NBFC business and refrain from NBFC operations
  • Extension of 6 months sought from RBI for compliance with directions, awaiting response as of reporting date

Verification Limitations:

  • Unable to verify correctness of interest expense/income amounts due to unavailability of loan documents in many cases
  • Internal controls for lending business have gaps that need strengthening

Other Matters:

  • Company hit by ransomware cyber-attack on July 03, 2026 (post-quarter event)
  • All financial data including backups were compromised and could not be recovered
  • Management stated no financial loss due to this event (as per note no. 6)
  • Professional Tax deducted from employees' salaries but not remitted to statutory authorities
  • Company has not obtained mandatory professional tax registration

Segment Reporting

The company operates in two segments:

1. Financing activities

2. Investment and Trading in securities

Segment results are provided as per Ind AS 108 - Operating Segments.