TCI Finance Approves Q4 and FY 2026 Results Amid Audit Qualifications

TCI Finance Approves Q4 and FY 2026 Results Amid Audit Qualifications​

TCI Finance Limited announced key operational and financial updates following its Board of Directors meeting held on May 25, 2026. The Board approved the Audited Standalone Financial Results for the fourth quarter and the financial year ended March 31, 2026.

The company also approved the book closure period for the financial year 2025-26, set from August 21, 2026, to August 27, 2026, and the convening of the 52nd Annual General Meeting (AGM) on August 27, 2026.

Financial Performance Summary​

The company's financial results for the quarter and year ended March 31, 2026, show significant changes in profitability metrics. The comprehensive income declined for the period ended March 31, 2026.

The table below summarizes the audited standalone financial results for the year and the quarter, with figures presented in Lakhs.

Audit Qualifications and Material Disclosures​

The statutory auditors issued a Qualified Opinion on the financial results. The auditors highlighted two primary areas of concern:

1. Corporate Guarantees and Contingent Liability: The auditors drew attention to claims by lenders of Amrit Jal Ventures Private Limited and Gati Infrastructure Bhasmey Power Private Limited, totaling Rs. 25,619.80 Lakhs. Although the company disclosed a balance liability of Rs. 17,820.89 Lakhs as a contingent liability as of March 31, 2026, the auditors opined that the company ought to have recognized this liability in its books.
2. Going Concern Basis: The auditors noted that preparing the financial statements on a going concern basis is inappropriate given the liabilities that developed on the Company upon the invocation of guarantees by the lenders of other entities.

Regarding these qualifications, the Company stated that it continues to prepare its financial statements on a going concern basis while actively identifying various alternatives and new areas to venture into for corporate revival.

Operational Updates and Regulatory Status​

In operational matters, the company reported a stock split in its investment in Allcargo Gati Limited. Ten equity shares previously held were subdivided into 63 equity shares. The total number of shares held increased from 284,838 shares to 1,794,479 shares, without changing the overall cost of investment.

Furthermore, the company is facing a regulatory matter, having received a notice from the Reserve Bank of India (RBI) directing it to surrender its Certificate of Registration for voluntary deregistration as an NBFC due to non-maintenance of the minimum Net Owned Funds (NOF). The company has responded by filing a writ petition before the Hon'ble High Court of Telangana.

In the domain of loans and guarantees, the company recognized a liability of Rs. 364.25 Lakhs in favor of guarantors due to the sale of shares given as additional security by lenders. Of this amount, Rs. 206.37 Lakhs was paid, leaving a balance of Rs. 157.88 Lakhs outstanding as of March 31, 2026.

TCIFINANCE Stock Price Movement​

Today, TCI Finance Limited shares edged higher to close at ₹13.37, posting a modest 0.23% gain. The stock saw healthy trading activity throughout the session, with total volume reaching 19,253 shares.