Appointment of Internal Auditor
TFCILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tourism Finance Corporation of India Ltd reported audited financial results for FY2026 with Total Income of Rs. 27,683.49 lakh (up 6.4% from Rs. 26,006.30 lakh) and Profit After Tax of Rs. 12,346.33 lakh (up 18.9% from Rs. 10,381.32 lakh). The Board recommended a dividend of Rs. 0.60 per equity share (30%) for FY 2025-26. The company appointed M/s C J S Nanda & Associates as Internal Auditors for FY 2026-27 and re-appointed Shri Anoop Bali as Managing Director for 2 years. Statutory auditors gave an unmodified (clean) opinion. Gross loans stood at Rs. 2,08,814.09 lakh with ECL provision of Rs. 3,616.19 lakh. The company also approved raising resources up to Rs. 1,200 crore via loans or debentures.
Positive signals include strong PAT growth of 18.9%, clean audit opinion, and dividend declaration. However, borrowings nearly doubled from Rs. 52,810 lakh to Rs. 90,290 lakh, and there are stressed accounts (SMA and NPA) requiring attention. The change in internal auditor is a governance update.