Outcome of Board Meeting held on 20th May, 2026 pursuant to Regulation 30 and Regulation 33 of SEBI (LODR) Regulations, 2015
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Tulasee Bio-Ethanol Limited reported audited financial results for FY ended March 2026. The company reported total revenue of Rs. 17.94 lakhs and a net loss of Rs. 17.94 lakhs, compared to a loss of Rs. 12.96 lakhs in the previous year - indicating a 38% increase in losses year-over-year. For Q4 FY26, the company reported a loss of Rs. 3.65 lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The company declared that Related Party Transactions disclosure under Regulation 23(9) is not applicable as the company falls under SME exemption criteria. Cash and cash equivalents stand at only Rs. 85,446, indicating extremely tight liquidity.
The company continues to incur losses with no revenue growth visible. Despite clean audit opinion, the persistent losses and very low cash reserves (Rs. 85,446) raise concerns about the company's ability to sustain operations without additional funding or revenue improvement.