TECIL Chemicals and Hydro Power Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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TECIL Chemicals and Hydro Power Limited submitted its unaudited standalone financial results for the quarter ended June 30, 2025, reporting a loss before tax of Rs. 7.82 lakhs, an improvement from the Rs. 10.29 lakh loss in the same quarter last year. The full-year FY25 loss narrowed to Rs. 14.59 lakhs compared to Rs. 38.74 lakhs in FY24. The Board approved the 80th Annual General Meeting to be held on September 18, 2025, with book closure from September 12 to 18, 2025. It also approved material related party transactions, including an unsecured loan of up to Rs. 25 crore from Managing Director Mr. Varghese Kurian at 9% interest for FYs 2026-27 to 2028-29, subject to shareholder approval. Additionally, salary payments to the Company Secretary (up to Rs. 35 lakhs), CFO (up to Rs. 15 lakhs), and sitting fees to Independent Directors (up to Rs. 5 lakhs) for FYs 2026-27 to 2028-29 were approved. Mr. M.K. Suresh was re-appointed as Internal Auditor for FY 2025-26. The statutory auditors (SR Pai & Co) issued an unqualified limited review report with no qualifications.
The company remains loss-making, though quarterly losses are narrowing, which is a modest positive sign for shareholders. The substantial unsecured loan from the Managing Director of up to Rs. 25 crore signals promoter support but also raises governance concerns due to the related party nature of the transaction. Investors should watch the AGM outcome and the actual financial performance in coming quarters.