We are enclosing herewith the Revised Notice of the AGM to be held on Saturday, 27th September 2025 along with the Annual Report of the Financial Year 2024-2025 as required under Regulation ....
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TCM Limited has issued a revised notice for its 81st Annual General Meeting scheduled for Saturday, 27th September 2025 at Bharat Hotel, Ernakulam, along with the Annual Report for FY 2024-2025. The company reported a strong turnaround, posting a standalone net profit of Rs. 326.37 lakhs on total income of Rs. 2950.82 lakhs, compared to a loss in the previous year. On a consolidated basis, net profit was Rs. 151.38 lakhs against a loss of Rs. 228.92 lakhs in FY24. Two special businesses require shareholder approval: (1) execution of a Shareholders and Joint Development Agreement with Asset Homes TCM Townships for joint development of 11 acres of land in Ernakulam, under which TCM will receive Rs. 6 lakh per cent plus 45% of net profits; and (2) appointment of M/s JKM Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30. The directors have not recommended any dividend, citing the need to reinvest profits into the business.
The return to profitability is a positive signal for shareholders, though no dividend has been declared. The proposed land joint venture with Asset Homes could unlock significant real estate value from the 11-acre Ernakulam property, while the prior repayment of Rs. 15 crore to Godrej Properties has cleared the charge on the land, making it development-ready.