This is to inform you that a meeting of the board of directors of the company was held today i.e. on Wednesday, 22nd May, 2026 at the registered office of the company, inter alia, to consider ....
TARAPUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tarapur Transformers Ltd reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted total income of Rs. 139.75 Lacs and a net loss of Rs. 184.65 Lacs for the year, compared to a loss of Rs. 1,595.78 Lacs in the previous year. The net worth is negative at Rs. 186.21 Lacs. Statutory auditors Grandmark & Associates issued a QUALIFIED OPINION citing 9 audit qualifications including: non-receipt of balance confirmations from parties, non-compliance with Ind AS 116 leases, undocumented loans & advances, breach of Section 186 limits (loans of Rs. 457.77 Lacs exceeding permissible limits), non-deduction of TDS on interest, going concern doubt due to negative net worth, Rs. 959.71 Lacs contingent liabilities without proper evidence, unpaid interest of Rs. 67.50 Lacs to Gaganbase Vincom, and no physical verification of fixed assets. The company has filed IBC proceedings against Choudhary Global Limited for Rs. 8.67 Crores.
This is a highly distressed company with negative net worth, multiple audit qualifications, and governance issues. Shareholders should be extremely cautious as the auditors have raised significant going concern doubts and the company faces substantial legal liabilities. The stock carries very high risk.