1. Audited Financials for the Quarter & year Ended 31st March, 2025
Awaiting price reaction for this filing.
Tiaan Consumer Limited reported FY25 revenue from operations of Rs. 29.03 lakhs (vs Rs. 20.94 lakhs in FY24), but Q4 FY25 revenue dropped sharply to Rs. 2.67 lakhs from Rs. 9.51 lakhs in Q4 FY24. The company swung to a full-year Profit After Tax of Rs. 3.45 lakhs compared to a loss of Rs. 106.16 lakhs in FY24 (which included a Rs. 75 lakh extraordinary item); Q4 FY25 itself posted a small loss of Rs. 0.50 lakhs. The company essentially functions as a Core Investment Company (CIC), with borrowings of around Rs. 2,50,000 lakhs and loans/advances outstanding of Rs. 1,47,804 lakhs, of which Rs. 1,02,200 lakhs were converted into equity in unlisted companies whose balance sheets were unavailable to the auditor. The auditor flagged Rs. 3.20 crores in doubtful receivables needing provision, no physical verification of cosmetic inventory, absence of property/plant/equipment, and missing audit trail in accounting software. A serious governance red flag: the statutory auditor resigned during the year and the newly appointed auditor's appointment was not ratified in an EGM, leaving the appointment unregularized with the MCA.
Multiple red flags here for shareholders — the company looks far more like a troubled investment/loan entity than a consumer business, with a massive inter-corporate loan book of unclear quality, a botched auditor change, and weak governance disclosures. Stock sentiment is likely to be negative, and investors should treat this filing as a high-risk warning signal rather than a routine result update.