Transwarranty Finance Limited has informed the Exchange regarding Board meeting held on May 02, 2025.
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Transwarranty Finance Limited's board approved audited financial results for Q4 and FY25. On a standalone basis, total income was Rs. 1,206.56 lakhs (vs Rs. 1,216.26 lakhs in FY24) with profit after tax of just Rs. 64.97 lakhs (vs Rs. 200.16 lakhs) and EPS of Rs. 0.13. On a consolidated basis, the company reported a loss after tax of Rs. 540.76 lakhs for FY25. The board also approved issuing unlisted Non-Convertible Debentures worth up to Rs. 13.30 crore via private placement, with coupon rates between 11.25% and 12% depending on tenure and security. M/s. Anil Bhutra & Co was re-appointed as Internal Auditor for FY26. The auditor flagged an accumulated deficit of Rs. 1,572.04 lakhs as a going concern matter, and noted write-offs of Rs. 210.20 lakhs in receivables and Rs. 63.66 lakhs in tax balances.
Standalone profits fell sharply year-on-year, and the consolidated entity slipped into a loss, though standalone earnings were propped up by a Rs. 533.85 lakh accounting policy change (revaluing subsidiary investments). The accumulated deficit and continued losses raise going concern questions. The Rs. 13.30 crore NCD issuance signals fresh borrowing, which could pressure the small company with higher interest costs (up to 12% p.a.).