Tci Finance Limited has informed the Exchange regarding 'Machine Readable Form'.
TCIFINANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TCI Finance's board approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a net loss of Rs. 41.54 lakhs versus Rs. 49.79 lakhs in Q1 FY25, with total income dropping sharply to just Rs. 0.11 lakhs from Rs. 2.86 lakhs. The company also appointed Ms. D N V Sai Anusha as new Chief Financial Officer effective August 6, 2025. The statutory auditors issued a qualified conclusion, flagging major concerns including guarantees invoked on loans to Amrit Jal Ventures and subsidiaries (Rs. 25,619.80 lakhs in corporate guarantees, with Rs. 17,820.89 lakhs treated as contingent liability), and questioned the going concern basis of the financials. An emphasis of matter was also raised on an RBI communication asking the company to surrender its NBFC registration due to non-compliance with minimum Net Owned Funds requirements. Other equity stands negative at Rs. (8,937) lakhs.
Negative for shareholders – the company remains loss-making, faces a going concern risk highlighted by auditors, has a negative net worth, and is in the process of losing its NBFC registration. The CFO change adds to governance concerns, though management says it is exploring new business areas to revive operations.