Trom Industries Limited Board Approves FY 2026 Half-Year Results, Appoints Auditors
Trom Industries Limited announced that its Board of Directors held a meeting on Wednesday, May 27, 2026. During the meeting, the board considered and approved several key corporate updates, including the audited financial results for the half year and year ended March 31, 2026, and the appointment of new professional auditors for the company.The Board's key approvals included the audited financial results for the period, the appointment of M/s. Gaurav Bachani & Associates as the Company Secretary for the Financial Year 2025-26, and the appointment of M/s. Ramani & Vasoya as the Internal Auditor for the Financial Year 2026-27. The board also reviewed the statement regarding deviations or variations in the utilization of funds raised during the Initial Public Offering (IPO) for the half year and year ended on March 31, 2026.
Auditor and Professional Appointments
The company formalized two professional appointments during the meeting:- Secretarial Auditor: M/s. Gaurav Bachani & Associates, Company Secretaries, Ahmedabad, was appointed as the Secretarial Auditor for the Financial Year 2025-26.
- Internal Auditor: M/s. Ramani & Vasoya, Chartered Accountants, Gandhinagar, was appointed as the Internal Auditor for the Financial Year 2026-27.
IPO Fund Utilization Statement
The company issued a statement concerning the utilization of proceeds from its Initial Public Offering (IPO), which took place on July 30, 2024. The total amount raised was Rs. 3136.74 Lakhs. The statement confirmed that there was no deviation or variation in the use of the funds.The utilization details for the funds raised are as follows:
| Object utilization | Allocation (₹ in Lakh) | Funds Utilized (₹ in Lakh) |
|---|---|---|
| Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant | 450 | 450 |
| To meet the working capital requirements | 1,652.56 | 1,652.56 |
| General corporate purposes | 784.18 | 784.18 |
Financial Highlights for Half Year Ending March 31, 2026
The company presented audited financial statements for the half year ended March 31, 2026, alongside comparative figures and cash flow data.The Profit and Loss Statement summarized the total income and expenditure:
| Particulars | Half Year Ended 31/03/2026 (Audited) |
|---|---|
| Revenue From Operations | 327.35 |
| Other Income | 85.22 |
| Total Income | 412.57 |
| Total Expenses | 8,054.62 |
| Profit Before Exceptional and Extraordinary Items and Tax (EBIT) | 357.95 |
| Profit Before Tax | 35?.95 |
| Profit/ (Loss) for the Period from Continuing Operations | 253.5r |
| Earnings per share: Basic | 271 |
The Balance Sheet as at March 31, 2026, shows the company's financial position:
| Particulars | Amount as at 31/03/2026 (Audited) | Amount as at 31/03/2025 (Audited) |
|---|---|---|
| Shareholder's Funds (Total) | 1,111.01 | 3,755.14 |
| Total Current Liabilities | 906.55 | 1,410.54 |
| Total Equity and Liabilities | 10,469.23 | 8,181.46 |
| Inventories | 3,266.31 | 2,274.57 |
| Trade Receivables | 3,001.88 | 2,041.65 |
| Cash and Cash Equivalents | 2,736.49 | 1,688 |
| Total Current Assets | 70,469.23 | 8,18r.46 |
Cash Flow Analysis
According to the Cash Flow Statement for the year ended March 31, 2026, the company generated the following cash flow metrics:| Cash Flow Item | For the Year Ended 31/03/2026 (in Lakhs) | For the Year Ended 31/03/2025 (in Lakhs) |
|---|---|---|
| Net cash from operations activities (A) | -444.32 | -2,160.42 |
| Net cash from investing activities (B) | 10J9 | -440.91 |
| Net cash from financing activities (C) | 1,482.27 | 4,242.24 |
| Net increase in cash and cash equivalents (A+B+C) | 1,048.33 | 1,640.92 |
| Cash and cash equivalents at the end of the year | 2,136.49 | 1,688.16 |
TROM Stock Price Movement
Today, Trom Industries Limited shares slipped by 3.57% to settle at ₹54. The equity recorded a total traded volume of 9,000 shares during the session.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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