Board Meeting Outcomes

The Board of Directors meeting held on May 30, 2026 (9:00 PM to 12:00 AM) approved:

1. Audited Financial Results: Approved standalone and consolidated audited financial results for year ended March 31, 2026 pursuant to Regulation 33 of SEBI LODR Regulations

2. Auditor Appointments:

  • Appointed CS Puja Pujari (Practicing Company Secretary, Membership No FCS 13102, COP No: 20171) as Secretarial Auditor for 2025-26 to 2026-27
  • Appointed CS Anitha R (Company Secretary and Compliance Officer) as Internal Auditor for 2025-26 to 2026-27

Financial Results Highlights

Standalone Financials (₹ lakhs)

Balance Sheet as at March 31, 2026:

  • Share Capital: 1,059.88 (unchanged from previous year)
  • Reserve & Surplus: 129.52 (previous year: 131.84)
  • Long-term Borrowings: 406.84 (previous year: 420.76)
  • Total Assets: 1,782.22 (previous year: 1,790.84)
  • Cash & Cash Equivalents: 6.72 (previous year: 16.63)

Profit & Loss for Year Ended March 31, 2026:

  • Revenue from Operations: 303.86 (previous year: 392.95)
  • Other Income: 73.09 (including ₹70.87 lakh from waivers/write-backs)
  • Employee Benefits Expense: 206.94
  • Finance Costs: 17.18
  • Profit Before Tax: 4.12 (previous year: loss of 31.48)
  • Profit After Tax: 3.81 (previous year: loss of 31.76)

Cash Flow Statement:

  • Net Cash from Operating Activities: 32.61
  • Net Cash from Investing Activities: 1.44
  • Net Cash from Financing Activities: (43.96)
  • Net Decrease in Cash: (9.91)

Consolidated Financials (₹ lakhs)

Balance Sheet as at March 31, 2026:

  • Total Equity: 1,662.58
  • Long-term Borrowings: 319.29
  • Total Assets: 2,225.19
  • Goodwill: 1,124.15 (unchanged)

Profit & Loss for Year Ended March 31, 2026:

  • Revenue from Operations: 436.45 (previous year: 580.78)
  • Other Income: 94.72 (including ₹92.50 lakh from waivers/write-backs)
  • Profit Before Tax: 9.47 (previous year: loss of 17.46)
  • Profit After Tax: 9.14 (previous year: loss of 17.67)

Key Audit Matters

Auditor BMSS & Co highlighted the following key audit matters:

1. Accounting of Waiver and Write-backs: Company recognized income of ₹70.86 lakh comprising:

  • Waiver of unsecured loan from director: ₹62.00 lakh
  • Write-back of old outstanding liabilities: ₹8.86 lakh

2. Prior Period Expenses: Company recognized prior period expenses of ₹20.29 lakh in Statement of Profit and Loss

Auditor concluded accounting treatment and disclosures were reasonable and in accordance with applicable accounting framework.

Emphasis of Matter

Auditor drew attention to:

  • Non-provision for gratuity benefits as per AS 15 (recognized on actual payment basis only)
  • Negative Debt Service Coverage Ratio indicating potential concern about company's ability to meet debt obligations
  • Uncertainty about ability to meet liabilities falling due within one year from balance sheet date

Internal Financial Controls

Auditor opined that company has adequate internal financial controls with reference to financial statements operating effectively as at March 31, 2026.

Capital Structure

  • Authorized Share Capital: ₹1,100 lakh (11,000,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹1,059.88 lakh (10,598,800 equity shares of ₹10 each)
  • Promoter Holding: ~60% (Bharat: 29.99%, Kalavathy Bylappa: 29.99%)

Related Party Transactions

Significant transactions with related parties including:

  • Loans from directors Bharat and Kalavathy Bylappa
  • Transactions with subsidiary BHHS Technologies Limited (formerly Bharat Head Hunters Private Limited)
  • Sale of services to BHHPL SDN BHD

Other Disclosures

  • Company uses accounting software without audit trail feature
  • No dividend declared during the year
  • No CSR applicability
  • No immovable properties owned
  • No benami property proceedings

#Tags: #Tranway21 #FY2026Results #SEBIDisclosure #RegulatoryCompliance #FinancialResults