Key Quantitative Figures

Standalone Financial Results (Quarter Ended 30th June 2026):

  • Total Income from Operations: ₹0.00 lakh (compared to ₹2,379.50 lakh in Q1 FY26)
  • Total Expenses: ₹74.04 lakh
  • Loss before tax: ₹(74.04) lakh
  • Tax Expense: ₹0.01 lakh
  • Net Loss after tax: ₹(74.05) lakh (compared to profit of ₹17.77 lakh in Q1 FY26)
  • Basic & diluted EPS: ₹(0.10) (compared to ₹0.05 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹7,105.20 lakh (Face Value ₹10 per share)

Consolidated Financial Results (Quarter Ended 30th June 2026):

  • Revenue from Operations: ₹199.52 lakh
  • Other Income: ₹0.00 lakh
  • Total Income from Operations: ₹199.52 lakh
  • Total Expenses: ₹211.69 lakh
  • Loss before tax: ₹(12.17) lakh
  • Tax Expense: ₹0.01 lakh
  • Net Loss after tax: ₹(12.18) lakh
  • Total Comprehensive Income attributable to Owners: ₹(42.50) lakh
  • Non-Controlling Interest: ₹30.32 lakh
  • Basic & diluted EPS: ₹(0.02)

Dates of Action

  • Board Meeting Date: Thursday, 13th August 2026 (3:00 PM to 4:00 PM IST)
  • Financial Results Period: Quarter ended 30th June 2026
  • 38th AGM Date: Friday, 25th September 2026 at 2:00 PM IST

Parties Involved

  • Statutory Auditors: Manoj Acharya & Associates, Chartered Accountants (FRN: 114984W)
  • Subsidiary: TIHIL IDA Group Private Limited (audited by Agarwal Akshay and Associates)
  • Stock Exchange: BSE Limited (Scrip Code: 523752)
  • Bank: Bank of India (overdraft facility)

Auditor Qualifications and Concerns

Standalone Financials:

1. Trade Debtors: Company in continuous process of obtaining balance confirmations from certain trade debtors. Several confirmations pending - unable to verify recoverability and accuracy. Possible provisions for doubtful debts required at year-end.

2. Income Tax Liability: Outstanding tax liability of ₹60,49,80,790 for AY 2024-25 including interest levied. Company has filed appeal with CIT(Appeals). Possible payment impact on profitability.

3. Income Tax Notices: Various notices observed on e-Proceedings tab including section 143(2) notices for AY 2025-26.

4. Statutory Dues Irregularity: Irregular in payment of TDS, PF, Professional Tax and filing statutory returns. No provision for interest and penalty on delays.

5. Negative Cash Flow: Negative cash flow from operating activities causing major delays/defaults in:

  • Principal and interest on borrowings
  • Statutory liabilities
  • Employee salaries
  • Creditor payments
  • Overdue payment on Bank of India overdraft facility

Consolidated Financials (Additional):

  • Group irregular in payment of GST and ESIC dues
  • Reliance on subsidiary auditor's reports (Agarwal Akshay and Associates)

Capital Structure Impact

No change in share capital reported for the quarter. Paid-up equity share capital remains at ₹7,105.20 lakh.

Forward-looking Information

Management opinion: No adverse impact anticipated on future operations despite negative cash flow from operating activities.

Additional Information

  • Results available on BSE website (www.bseindia.com) and company website (www.tihil.co.in)
  • Company operates in single segment: Trading of Goods
  • Previous period figures regrouped/rearranged/recasted where necessary
  • Limited review conducted by statutory auditors with unmodified opinion except for qualifications