Tamilnadu Telecommunication Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
TNTELE · price
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Awaiting price reaction for this filing.
Tamilnadu Telecommunication Limited reported unaudited Q3 FY26 results showing zero revenue from operations and a net loss of Rs. 3.46 crore for the quarter, taking the nine-month loss to Rs. 11.20 crore (vs. Rs. 9.95 crore loss in 9M FY25). The company's net worth is deeply negative at Rs. 190.53 crore against accumulated losses of Rs. 246.99 crore. The statutory auditor Sundaram & Srinivasan issued an Adverse Conclusion, stating the going concern assumption is inappropriate because the factory has been shut since August 2017, no new orders have been received, and machinery would need major overhauling to restart. The promoter TCIL has initiated strategic disinvestment of its stake in TTL through DIPAM, with transaction and legal advisers already appointed.
This is an extremely negative filing — zero operating revenue, widening losses, negative net worth, and a formal adverse audit opinion on going concern. Existing shareholders face near-total value erosion risk unless the DIPAM-led strategic disinvestment attracts a credible buyer. The stock is effectively trading on speculation of a revival transaction rather than fundamentals.