Transwarranty Finance Limited has informed the Exchange about change in Management
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Transwarranty Finance Limited's board, at its May 2, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone FY25 revenue from operations rose to Rs. 701.63 lakhs from Rs. 591.49 lakhs, with PAT of Rs. 64.97 lakhs (FY24: Rs. 200.16 lakhs). Consolidated results showed a loss of Rs. 540.76 lakhs for FY25, against a profit of Rs. 80.03 lakhs in FY24. The company has an accumulated deficit of Rs. 1,572.04 lakhs, flagged with a going concern note. The board also approved issuance of unlisted NCDs worth up to Rs. 13.30 crore on a private placement basis, and re-appointed M/s. Anil Bhutra & Co as Internal Auditor for FY26. The company changed its accounting policy for investments in subsidiaries from cost to fair value (FVTPL), recognizing Rs. 533.85 lakhs in unrealized gains, and wrote off Rs. 210.20 lakhs in doubtful receivables.
Despite a top-line improvement on a standalone basis, the consolidated loss and large accumulated deficit raise concerns about long-term financial health. The NCD issuance (up to Rs. 13.3 crore) will raise debt but is unlisted. Shareholders should note the going concern emphasis and the material accounting policy change that boosted reported profits.