Thaai Casting Limited Approves Financial Results and Appoints New Auditors
Thaai Casting Limited announced key corporate actions following its Board of Directors meeting held on May 28, 2026. During the meeting, the company approved the audited standalone and consolidated financial results for the year ended March 31, 2026, along with the corresponding Board's Report.The Board also sanctioned the appointment of new professional auditors for the financial year 2026-27:
- M/s. SVM & Associates, Cost Accountant, was appointed as the Cost Auditor.
- M/s. KEK & Associates, LLP, Practicing Chartered Accountants, was appointed as the Internal Auditor.
Furthermore, the company provided a statement detailing the utilization of proceeds from the Preferential Issue of Convertible Warrants, Compulsorily Convertible Debentures, and Equity Shares for the period ending March 31, 2026.
Financial Performance Highlights
The audited Standalone Statement of Assets and Liabilities at March 31, 2026, showed a total liability of Rs. 27,549.33 lakhs, up from Rs. 18,219.65 lakhs in the previous year.The company reported the following consolidated financial metrics for the year ended March 31, 2026:
| Particulars | Year Ended 31st March, 2026 | Year Ended 31st March, 2025 |
|---|---|---|
| Total Income (Rs. Lakhs) | 8,387.70 | 6,247.84 |
| Total Expenses (Rs. Lakhs) | 1,057.36 | 728.10 |
| Profit Before Tax (Rs. Lakhs) | 1,057.36 | 728.10 |
| Net Profit transferred to Reserves & Surplus (Rs. Lakhs) | 657.56 | 617.58 |
| Earnings per Equity Share (Basic) (Rs.) | 2.70 | 2.65 |
The Standalone Statement of Cash Flow for the year ended March 31, 2026, showed a Net Cash Flow from Operating Activities of 1,358.77 lakhs. The total funds received through the issue of New Shares in Further Public Offer amounted to 1,602.70 lakhs, while the total interest paid was 703.21 lakhs.
Significant Investments and Receipts
Details regarding the funds raised through the Preferential Issue are as follows:| Particulars | Amount in Rs. |
|---|---|
| Convertible Warrant | 3,78,75,000 |
| Unsecured Compulsorily Convertible Debentures | 15,46,27,263 |
| Equity Shares | 12,23,95,537 |
| Total | 31,48,97,800 |
The utilization of the total proceeds of Rs. 3,148.98 lakhs was certified, noting that funds were used for:
- Augmenting funds for construction, purchase and expanding production capacity through installation of advanced, high-end imported CNC machines and set up new high-precision machining unit: Rs. 2,834.02 lakhs.
- General Corporate Purposes: Rs. 314.96 lakhs.
Standalone and Consolidated Balance Sheet Summary (Rs. Lakhs)
The audited standalone statement of assets and liabilities for March 31, 2026, highlights the company’s significant growth in reserves and borrowings.| Category | As at 31st March, 2026 (Audited) | As at 31st March, 2025 (Audited) |
|---|---|---|
| Share Capital | 2,434.14 | 2,312.96 |
| Reserves and Surplus | 8,048.58 | 6,084.36 |
| Long-Term Borrowings | 5,997.98 | 3,387.00 |
| Short-Term Borrowings | 5,480.42 | 4,204.93 |
| Total Liabilities | 27,549.33 | 18,219.65 |
| Property, Plant & Equipment | 9,803.96 | 8,527.69 |
| Inventories | 4,617.14 | 3,691.51 |
| Trade Receivables | 3,109.17 | 1,992.47 |
***
Note: This article is based solely on the provided corporate filings and financial documents.
TCL Stock Price Movement
On Wednesday, Thaai Casting Limited shares edged higher, gaining 1.92% to close at ₹98.4. The stock maintained activity throughout the day, trading between a low of ₹97.0 and a high of ₹99.5 on a volume of 16,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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