Transwarranty Finance Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Transwarranty Finance Limited submitted its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, approved at a board meeting on February 12, 2026. The auditor (Deoki Bijay & Co) issued an unmodified review conclusion but flagged an Emphasis of Matter regarding a change in accounting policy — the company switched from the cost method to fair value measurement for investments in subsidiaries and associates effective March 31, 2025. As a result, comparative figures for the quarter and nine months ended December 31, 2024 were restated, showing an unrealized loss of Rs. 82.46 lakhs for that quarter and unrealized gains of Rs. 981.35 lakhs for the nine-month period. Separately, the board approved a private placement of up to Rs. 7.31 crore of unlisted non-convertible debentures (231 secured NCDs at Rs. 1 lakh each and 50 unsecured special category NCDs at Rs. 10 lakh each) with coupon rates between 11.25% and 12.00% per annum.
The accounting policy change makes year-on-year comparisons less straightforward for shareholders, as prior-period numbers have been restated and the impact is material (nearly Rs. 10 crore swing in nine-month comparatives). The small NCD raise (Rs. 7.31 crore) at high coupon rates (11.25%–12%) suggests continued reliance on costly debt funding, which may pressure margins for this NBFC.