We would like to inform you that the 02/2025-26 meeting of the Board of Directors of Triumph International Finance India Limited was held on Wednesday, 13th August, 2025 at 03:30 p.m. at ....
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The Board of Triumph International Finance India Ltd, at its meeting on August 13, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26. The company reported total income of Rs 107.81 lakhs (vs Rs 84.46 lakhs in Q1 FY25) but this is entirely from 'other income' with zero revenue from operations. Net profit stood at Rs 98.33 lakhs (standalone) and Rs 98.27 lakhs (consolidated), with EPS of Rs 1.31. The statutory auditor (Rawat & Associates) issued a qualified conclusion on both sets of results, flagging serious concerns: SEBI has cancelled the company's stock broker registration, NSE declared it a defaulter, the Supreme Court dismissed its appeal, and it carries sizable accumulated losses with other equity of negative Rs 7,550.52 lakhs. A Rs 246.76 crore Punjab National Bank loan has not been recognised as a liability since April 2011, which the auditor says violates Ind AS 37 and Ind AS 109. Additionally, Rs 3.56 crores owed by Panther Investrade and dues from Classic Credit Ltd are considered doubtful recoveries.
This is a high-risk stock: SEBI-cancelled broker registration, declared defaulter by NSE, massive unrecorded liabilities (Rs 246+ crore PNB loan), negative other equity of ~Rs 75.5 crore, and going-concern doubts flagged by auditors. The reported profit is only from non-operating income and masks deep structural problems — shareholders face significant downside risk.