Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 we would like to inform you that the meeting of the Board of Directors of Triumph ....

Going-concern doubtQualified audit opinionRevenue growth above 20%Contingent liabilities increasedNegative operating cash flowResults View source PDF Explain this filing

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₹27.97

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.9% vs market

Other Financial Services peers, median of 77sector+0.0%-5.0% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 5.0 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Board approved unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2025. Total income for H1 FY26 stood at ₹219.53 lakhs, up about 26% from ₹174.68 lakhs in H1 FY25, while net profit was ₹203.77 lakhs (standalone) versus ₹170.65 lakhs a year ago. EPS for H1 was ₹2.72. The auditor (Rawat & Associates) issued a qualified conclusion with multiple qualifications, including a going-concern flag because SEBI has cancelled the company's stockbroker registration, NSE has declared it a defaulter, and the Supreme Court dismissed its appeal. The auditor also flagged doubtful recovery of ₹67.16 crore from Classic Credit Limited, a ₹46.76 crore Punjab National Bank loan dispute at the Debt Recovery Tribunal, doubtful ₹3.56 crore from Panther Investrade, and ₹12.09 crore of shares/securities in the demat account with unclear ownership. Net worth on a standalone basis is deeply negative at around ₹(6,596.75) lakhs due to accumulated losses, and net cash from operating activities was negative at ₹(214.47) lakhs for the half-year.

Likely market impact

Despite headline profitability, the company's financial position is severely stressed — its net worth is negative, core broker registration is cancelled, and several large assets are doubtful, meaning the reported profits may overstate real financial health. Shareholders should view this as a high-risk situation with significant uncertainty around the company's ability to continue as a going concern, and these auditor qualifications could weigh on investor confidence and the stock price.