AUDITED FINANCIAL RESULTS The Board of Director have considered and approved the Audited Financial Results along with Audited Report thereon for quarter & financial year ended on March ....
Awaiting price reaction for this filing.
Tiaan Consumer Limited's board approved audited financial results for Q4 and FY ended March 31, 2025. For FY25, the company reported total income of Rs 29.03 lakhs and a profit after tax of Rs 3.45 lakhs (EPS Rs 0.03), compared to a loss of Rs 106.16 lakhs in FY24. Q4 FY25 remained weak with revenue of just Rs 2.67 lakhs and a loss of Rs 0.50 lakhs. The company is effectively a Core Investment Company (CIC) with negligible operating activity — it carries Rs 2,500 crores in borrowings and Rs 1,478 crores in inter-corporate loans. Statutory auditor N K Bhat & Associates resigned on May 21, 2025 due to health issues (appointed only in February 2025), and V R S K & Associates was appointed on May 29, 2025 to fill the casual vacancy. The new auditor flagged Rs 3.20 crores of doubtful receivables for which no provision was made, Rs 1,022 crores of loans converted to equity in unlisted companies where balances are unavailable, no physical inventory verification, and absence of audit trail in accounting software.
Despite a headline swing to profit, the underlying business is essentially inactive — revenue is token and the company functions as a financial vehicle for inter-corporate lending with significant auditor concerns. The mid-year auditor change plus flagged doubtful receivables and lack of provisioning are red flags for shareholders and may pressure the stock.