Transwarranty Finance Limited has informed the Exchange regarding Change in Auditors of the company.
TFL · price
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Awaiting price reaction for this filing.
Transwarranty Finance's board, at its July 31, 2025 meeting, approved Q1 FY26 (quarter ended June 30, 2025) unaudited results. On a standalone basis, total income fell sharply to Rs. 332.17 lakhs from Rs. 1,484.34 lakhs a year ago, and profit after tax dropped to Rs. 57.33 lakhs from Rs. 1,259.66 lakhs. The prior-year figures were restated and inflated by a one-time unrealised fair-value gain of Rs. 1,307.16 lakhs arising from a change in accounting policy (now measuring subsidiary/associate investments at FVTPL instead of cost). On a consolidated basis, the company slipped into a loss of Rs. 85.68 lakhs versus Rs. 38.58 lakhs last year, with EPS at (Rs. 0.16). The board also re-appointed M/s. Yogesh Sharma & Co. as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval.
For shareholders: core standalone profit has declined meaningfully, though this largely reflects the absence of last year's one-off accounting gain rather than weak operations. The board also cleared borrowing plans—up to Rs. 12.95 crore via unlisted NCDs (yields 11.25%–12%) and External Commercial Borrowings (subject to shareholder approval)—which could modestly pressure interest costs but supports growth funding. Overall, the filing is procedural rather than a clear catalyst for the stock.