Please see enclosed the Outcome of Board meeting held on May 28, 2026
TBOTEK · price
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TBO Tek Limited's Board approved audited standalone financial results for Q4 FY26 and full year ended March 31, 2026. Full year revenue from operations stood at INR 5,838.27 Mn with profit before tax of INR 757.18 Mn, compared to INR 5,759.43 Mn revenue and INR 779.86 Mn PBT in the previous year - showing marginal decline in profitability despite stable revenues. Q4 standalone revenue was INR 1,457.03 Mn with PBT of INR 252.39 Mn. The Board also appointed Grant Thornton Bharat LLP as internal auditors for FY 2026-27 and re-appointed three Independent Directors (Mr. Ravindra Dhariwal, Mr. Rahul Bhatnagar, and Ms. Anuranjita Kumar) for a second term, subject to shareholder approval at the AGM. The auditors issued an unmodified opinion. Key notes include a pending FEMA adjudication matter with potential penalty exposure of up to INR 2,136.75 Mn (3x of INR 712.25 Mn contravention amount) and the completed acquisition of Classic Vacations LLC (USA) for USD 125 Mn in Q3 FY26.
The marginal decline in annual profitability may create some near-term investor concern, though the Q4 performance shows recovery momentum. The FEMA regulatory matter remains a key risk factor given potential penalty exposure. Shareholders should note the director re-appointments require AGM approval.