TruCap Finance Releases Audited Financial Results for Year Ended March 31, 2026
TruCap Finance Limited today announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported significant figures across its key financial metrics, while auditors also highlighted material uncertainties regarding the company's going concern status.The Board of Directors approved the audited financial results at a meeting held on May 25, 2026.
Financial Highlights (As of March 31, 2026)
The financial results demonstrate the company's financial position and performance across the reporting periods. Key figures for the Consolidated Financial Statements are presented below (Amounts are in Rs. in lakhs):| Particulars | 31-Mar-26 (Audited) | 31-Mar-25 (Audited) |
|---|---|---|
| Total Revenue from operations | 1,433.56 | 17,410.50 |
| Interest income | 21.57 | 2,239.55 |
| Fees and commission income | 0.04 | 21.76 |
| Total Income | Data Not Fully Provided | Data Not Fully Provided |
| Total Assets | 39,741.58 | 69,923.71 |
| Total Liabilities and Equity | 39,741.58 | 69,923.71 |
| Equity Share Capital | 2,377.24 | 13,875.70 |
The Consolidated Statement of Cash Flows reveals the following movements in the company's cash and cash equivalents:
| Item | Year Ended March 31, 2026 (Rs. in lacs) | Year Ended March 31, 2025 (Rs. in lacs) |
|---|---|---|
| Cash from operating activities | (15,232.91) | (7,116.12) |
| Net Cash from investing activities | 3,901.53 | 10,134.70 |
| Net Cash from financing activities | (3,067.46) | 10,134.70 |
| Net change in cash and cash equivalents | 3,901.53 | 10,134.70 |
The company recorded a substantial increase in total non-financial assets, reaching 39,150.79 lakhs by March 31, 2026, compared to 69,922.71 lakhs at the same time in the previous year.
Auditing and Compliance Review
The Independent Auditor's Report provided by Khandelwal Kakani & Co. noted specific matters of concern regarding the company's financial health.Material Uncertainty:
The auditors drew attention to several key areas, including the breach of security cover and other loan covenants, continued financial stress with deteriorating asset quality, and the restructuring plan presented to existing lenders. The increased loss recorded in the current year, combined with these conditions, indicates potential significant impact on the company's going concern. The audit concluded that the company's going concern depends upon the restructuring plan and potential equity infusion.
Security Cover:
A separate review of the asset cover for listed Non-Convertible Debentures (NCDs) indicated that the asset cover available to the holders of secured NCDs as of March 31, 2026, was lower than the minimum asset cover requirement stipulated in the Debenture Trust Deed.
Segment Performance
TruCap Finance reports operations across two main business segments: Fund Based Activities and Advisory Services. As of the year ended March 31, 2026, the total segment results showed a loss of (14,652.89) lakhs, compared to a loss of (7,106.27) lakhs in the prior year.The company remains focused on its restructuring effort, which involves a comprehensive business plan comprising Gold loans and EV lending, presented to lenders.
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Note: All financial figures are presented as reported in the audited statements.
TRU Stock Price Movement
On Monday, shares of TruCap Finance Limited settled at ₹6.08, ending the session with no percentage change. The stock traded within a range of ₹6.04 to ₹6.22, closing with 53,997 shares traded during the day.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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