AI assistant
TCM Ltd. Audit Report / Information 2026
59176_rns_2026-05-26_d559bb29-b957-4dda-a6ad-39f2f38b958f.pdf
Audit Report / Information
Open in viewerOpens in your device viewer
C M
SINCE 1943
TCM Limited
(Formerly Travancore Chemical & Mfg. Co. Ltd.)
Regd. Office: 28/2917, "Aiswarya",
Ponneth Temple Road, Shanthi Nagar,
Kadavanthra, Cochin - 682 020.
Phone - 0484 - 2316771
Email: [email protected] / Web. www.tcmlimited.in
CIN: L24299KL 1943PLC001192
GSTIN-32AAACT6206A1Z4
TCM No. 182/2026
26th May 2026
M/s The Bombay Stock Exchange,
Registered Office
25th Floor, P.J. Towers,
Dalal Street,
Mumbai - 400 001
BSE SCRIPT CODE - 524156
Dear Sir,
Sub:- Outcome of Board Meeting held on 26th May 2026 and Audited Consolidated and Standalone Financial Results for the quarter and year ended 31st March 2026
The Board of Directors of the Company in its meeting held on Tuesday, 26th May, 2026 has considered and approved the following business:-
- Audited Standalone and Consolidated Financial Statements of the Company for the Quarter and Year ended 31st March 2026 together with the Statutory Audit Reports.
- Declaration to the effect that the Auditor's Report on Audited Financial Results of the Company is with unmodified opinion.
- Appointment M/s Jomy Saimon and Associates, Chartered Accountants, Ernakulam as the Internal Auditors of the Company for FY 2026-27.
The meeting commenced at 10.30 A.M. and concluded at 12.15 P.M.
Kindly take the same on records.
Thanking you,
Yours faithfully
For TCM Limited
Gokul V Shenoy
Digitally signed by Gokul V Shenoy
Date: 2026.05.26 12:19:29 +05'30"
Gokul V Shenoy
Company Secretary
Encl: 1. Declaration to the effect that Auditor's Report on Audited Financial Results is with unmodified opinion.
2. Audited Financial Statements and Audit Reports-Standalone & Consolidated-31st March 2026
Factories at: Mettur Dam & Kalady
TCM
SINCE 1943
TCM Limited
(Formerly Travancore Chemical & Mfg. Co. Ltd.)
Regd. Office: 28/2917, "Aiswarya",
Ponneth Temple Road, Shanthi Nagar,
Kadavanthra, Cochin - 682 020.
Phone - 0484 - 2316771
Email: [email protected] / Web. www.tcmlimited.in
CIN: L24299KL 1943PLC001192
GSTIN-32AAACT6206A1Z4
TCM No. 183/2026
26th May 2026
M/s The Bombay Stock Exchange,
Registered Office
25th Floor, P.J. Towers,
Dalal Street,
Mumbai – 400 001
BSE SCRIPT CODE - 524156
Dear Sir,
Sub:-Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015-Declaration for audit reports with unmodified opinion(s)
In compliance with the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company hereby declares that the Independent Statutory Auditors, SGM & Associates LLP, Chartered Accountants, Bangalore have issued the Audit Reports with unmodified opinion on the Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026.
Kindly take the same on records.
Thanking you,
Yours faithfully
For TCM Limited
M P Mohanan
Chief Financial Officer
Factories at: Mettur Dam & Kalady
S G M & Associates LLP Chartered Accountants
No.13, Sampurna Chambers, FF-3, Vasavi Temple Street, V V Puram, Bengaluru - 560 004 | LLPIN: AAI-0262
Independent Auditor’s Report
To the Board of Directors of TCM Limited
Report on the Audit of Standalone Financial Results
Opinion
We have audited the accompanying statement standalone annual financial results of TCM Limited (the ‘Company’) for the year ended 31 March 2026 (the ‘Statement’), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:
(a) are presented in accordance with the requirements of Regulation 52 of the Listing Regulations in this regard; and
(b) give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net loss and other comprehensive income and other financial information for the year ended 31 March 2026.
Basis of opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.
Management’s Responsibilities for the Standalone Financial Results
These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.
The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
100000000000000000000000000000000000000000000
S G M & Associates LLP
In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
- Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
S A G M & Associates LLP
S G M & Associates LLP
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards
Other Matters
- As mentioned in Note 6 to the Statement, the Statement includes the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our opinion on the standalone financial results is not modified in respect of this matter.
For S G M & Associates LLP
Chartered Accountants
(LLP Reg. No. S200058)
Hemanth Digitally signed by
Hemanth
Mahendra
Kumar
Date: 2026.05.26
11:38:34 +05'30'
Hemanth M Kumar
Proprietor
(Membership No.: 216251)
Bangalore, 26 May 2026
UDIN: 26216251HZGSPA6580
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponneth Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email: [email protected]; Website: www.tcmlimited.in
Statement of standalone financial results for the quarter and year ended 31 March 2026
Standalone Balance Sheet as at 31 March 2026
(Amount in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | As at | |
|---|---|---|
| 31-Mar-2026 | 31-Mar-2025 | |
| Audited | ||
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 851.06 | 846.23 |
| Capital work-in-progress | 25.29 | - |
| Investment property | 725.74 | 513.16 |
| Financial assets | ||
| Investments | 206.46 | 162.25 |
| Loans | 733.43 | 629.01 |
| Other financial assets | 51.41 | 20.40 |
| Income tax assets (net) | 19.34 | 15.98 |
| Other non current assets | 195.27 | 59.61 |
| Total non-current assets | 2,808.00 | 2,246.64 |
| Current assets | ||
| Inventories | 2,671.99 | 2,844.48 |
| Financial assets | ||
| Trade receivables | 612.52 | 673.80 |
| Cash and cash equivalents | 33.13 | 20.51 |
| Bank balances other than cash and cash equivalents | 34.24 | 17.68 |
| Other financial assets | 5.76 | 4.58 |
| Other current assets | 986.40 | 614.10 |
| Total current assets | 4,344.04 | 4,175.15 |
| Assets held-for-sale | 1,892.24 | 1,892.24 |
| Total assets | 9,044.28 | 8,314.03 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Share capital | 747.79 | 747.79 |
| Other equity | 2,673.00 | 3,036.44 |
| Total equity | 3,420.79 | 3,784.23 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 862.25 | 6.45 |
| Other financial liabilities | 51.86 | - |
| Provisions | 29.00 | 22.06 |
| Total non-current liabilities | 943.11 | 28.51 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 1,354.21 | 1,115.90 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 2.15 | 4.43 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 124.05 | 231.11 |
| Other financial liabilities | 231.62 | 222.93 |
| Other current liabilities | 2,967.04 | 2,926.46 |
| Provisions | 1.31 | 0.46 |
| Total current liabilities | 4,680.38 | 4,501.29 |
| Total liabilities | 5,623.49 | 4,529.80 |
| Total equity and liabilities | 9,044.28 | 8,314.03 |
S.R. ASSOCIATION OF MINISTERS OF AGRICULTURE
T.C.M. LIMITED
68203
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponneth Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email : [email protected]; Website: www.tcmlimited.in
Statement of standalone financial results for the quarter and year ended 31 March 2026
Statement of Profit and Loss for the quarter and year ended 31 March 2026
(Ameant in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | Quarter ended | Year ended | ||||
|---|---|---|---|---|---|---|
| 31-Mar-2026 | 31-Dec-2025 | 31-Mar-2025 | 31-Mar-2026 | 31-Mar-2025 | ||
| Audited | (in audited) | Audited | Audited | |||
| Note reference | ||||||
| I | Revenue from operations | 396.95 | 520.15 | 727.89 | 1,723.48 | 2,472.74 |
| II | Other income | 29.01 | 17.64 | 437.58 | 129.79 | 478.08 |
| III | Total Income [I+II] | 425.96 | 537.79 | 1,165.47 | 1,853.27 | 2,950.82 |
| IV | Expenses | |||||
| Purchases of stock-in-trade | 118.43 | 100.30 | 141.67 | 345.55 | 439.89 | |
| Cost of materials consumed | 250.60 | 208.48 | 190.68 | 888.28 | 854.71 | |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | (52.33) | 85.42 | 165.70 | 156.41 | 523.74 | |
| Employee benefits expense | 73.59 | 40.93 | 49.83 | 207.46 | 213.06 | |
| Finance costs | 49.34 | 54.33 | 30.72 | 192.02 | 58.96 | |
| Depreciation and amortisation expense | 11.71 | 12.12 | 8.90 | 35.29 | 16.04 | |
| Other expenses | 101.79 | 92.42 | 150.78 | 394.58 | 532.90 | |
| Total expenses | 553.13 | 584.00 | 738.28 | 2,219.59 | 2,639.30 | |
| V | Profit / (loss) before exceptional items and tax [III-IV] | (127.17) | (56.21) | 427.19 | (366.32) | 311.52 |
| VI | Exceptional items | - | - | - | - | - |
| VII | Profit / (loss) before tax for the period/ year [V-VI] | (127.17) | (56.21) | 427.19 | (366.32) | 311.52 |
| VIII | Tax expense | |||||
| Current tax expense/ (credit) | - | - | - | (3.76) | - | |
| Deferred tax expense/ (credit) | - | - | (3.40) | - | (3.40) | |
| Total tax expense | - | - | (3.40) | (3.76) | (3.40) | |
| IX | Profit / (loss) for the period/ year (VII-VIII) | (127.17) | (56.21) | 430.59 | (362.56) | 314.92 |
| X | Other comprehensive (loss)/ income for the period/ year | |||||
| Remeasurement of employee defined benefit plans | (0.88) | - | 14.85 | (0.88) | 14.85 | |
| Income tax on above | - | - | (3.40) | - | (3.40) | |
| Total other comprehensive income (X) | (0.88) | - | 11.45 | (0.88) | 11.45 | |
| XI | Total comprehensive (loss) income for the period/ year (IX+X) | (128.05) | (56.21) | 442.04 | (363.44) | 326.37 |
| Paid-up equity share capital (face value of ₹ 10/- each) | 747.79 | 747.79 | 747.79 | 747.79 | 747.79 | |
| Reserves, i.e., 'Other equity' | - | - | - | 2,673.00 | 3,036.44 | |
| Earnings per share (face value of ₹ 10/- each) [(not annualised for the quarter/ period] | ||||||
| Basic (in ₹) | (1.70) | (0.75) | 5.76 | (4.85) | 4.21 | |
| Diluted (in ₹) | (1.70) | (0.75) | 5.76 | (4.85) | 4.21 |
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponnath Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2516771; E-mail: Email :[email protected]; Website: www.tcmlimited.in
Statement of standalone financial results for the quarter and year ended 31 March 2026
Statement of Cashflows for the year ended 31 March 2026
(Amount in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | Year ended | |
|---|---|---|
| 31-Mar-2026 | 31-Mar-2025 | |
| Audited | Audited | |
| A Cash flow from operating activities | ||
| Profit/(Loss) before tax | (366.32) | 311.52 |
| Adjustments for | ||
| Depreciation of property, plant and equipment and amortisation of intangible assets | 35.29 | 16.04 |
| Credit impaired trade and other advances written off | 1.42 | 4.75 |
| Provision for expected credit loss | 3.89 | 3.77 |
| Loss on disposal of land classified as held for sale | - | 18.10 |
| Interest income | (67.25) | (54.53) |
| Loss/(Gain) on disposal of property, plant and equipments | (0.09) | - |
| Dividend income | (1.50) | - |
| Liabilities no longer required written back | (59.50) | (422.96) |
| Interest expense | 192.02 | 58.96 |
| Operating loss before working capital changes | (262.04) | (64.35) |
| Adjustments for: | ||
| (Increase)/decrease in inventories | 172.49 | 523.66 |
| (Increase)/decrease in trade receivables | 65.17 | 167.74 |
| (Increase)/decrease in loans and other assets | (420.79) | (84.48) |
| Increase/(decrease) in trade and other payables and provisions | (4.93) | (1,636.41) |
| Cash used in operations | (450.10) | (1,093.84) |
| Net income tax (paid)/refund | 0.40 | 15.09 |
| Net cash flow from/(used in) operating activities [A] | (449.70) | (1,078.75) |
| B Cash flow from investing activities | ||
| Payments for property, plant and equipment & intangibles (including capital work-in-progress and capital advances) | (53.50) | (25.80) |
| Payments for investment properties | (206.22) | - |
| Advance towards investment | (119.76) | - |
| Proceeds from sale of property, plant and equipment | 0.05 | - |
| Proceeds from sale of asset held for sale | - | 60.00 |
| Advance received/(refunded) towards sale of property, plant and equipment | 38.50 | - |
| Purchase of investments | - | (30.00) |
| Loans repaid by/(given) to subsidiaries (net) | (104.42) | 43.99 |
| Dividend received | 1.50 | - |
| Interest received | 4.08 | 4.59 |
| Net cash flow from/(used in) investing activities [B] | (439.77) | 52.78 |
| C Cash flow from financing activities | ||
| Proceeds from long-term borrowings | 887.00 | - |
| Repayment of long-term borrowings | (6.47) | (3.72) |
| Proceeds from short-term borrowings | 213.58 | 1,109.55 |
| Repayment of short-term borrowings | - | (10.28) |
| Proceeds from issue of equity shares (net of share issue expenses) | - | - |
| Finance costs paid | (192.02) | (58.96) |
| Net cash from/(used in) financing activities [C] | 902.09 | 1,036.59 |
| Net Increase/(decrease) in Cash and cash equivalents [A+B+C] | 12.62 | 10.62 |
| Cash and cash equivalents at the beginning of the year | 20.51 | 9.89 |
| Cash and cash equivalents at the end of the year | 33.13 | 20.51 |
P
P
^{}[]
TCM Limited
Registered office: House No.26/2817, Attwarya, Pramath Temple Road, Bhasthi Nagar, Kadvarshva, Ernakulam, Kerala - 452 020
Tel: +61 0484 2514771; E-mail: Email: [email protected]; Website: www.tcmlimited.in
(denotes in 9 Lable, except for shares data or as otherwise stated)
Note: Select explanatory notes to the Statement of Scandalous Financial Results for the quarter and year ended 31 March 2026
No.
-
The standalone financial results of TCM Limited (the "Company") have been prepared in accordance with Indian Accounting Standards (Ind AS), prescribed under Section 133 of the Companies Act, 2012 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities Exchange Board of India (Living Obligations and Disclosure Requirements) Regulations, 2015.
-
The Company is primarily engaged in (i) trading in sales, healthcare, outcome and audio products (together referred to as "Trading"), (ii) in manufacturing sector (referred to as "Manufacturing") and (iii) development and sales' leasing of real estate units' projects which the Company started during the year (referred to as "Real estate"). Accordingly, the business segment has been classified into three, (i) Trading; (ii) Manufacturing; and (iii) Real estate. Further, the business operations of the Group is only in India. Hence, geographical segment disclosure is not applicable to the Group. The Chief Operating Decision Maker ("CODM") of the Group examines the performance of the Group from the perspective of Trading, Manufacturing and Real Estate segment. The segment disclosures as per Ind AS 108 - Operating Segments (TND AS 108) are given below:
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31-Mar-2026 | 31-Dec-2025 | 31-Mar-2025 | 31-Mar-2026 | 31-Mar-2025 | |
| Segment revenue | |||||
| Trading | 93.84 | 244.29 | 319.37 | 471.13 | 671.96 |
| Manufacturing | 272.87 | 245.61 | 249.45 | 1,054.46 | 1,087.21 |
| Real estate | 30.24 | 30.23 | 159.07 | 197.89 | 713.57 |
| Total revenue | 396.95 | 520.15 | 727.09 | 1,723.48 | 2,472.74 |
| Segment results | |||||
| Trading | (18.41) | 45.42 | 97.09 | (1.23) | 155.52 |
| Manufacturing | 29.99 | (16.28) | 21.10 | 41.34 | 20.17 |
| Real estate | 20.15 | 4.45 | 453.30 | 74.33 | 557.25 |
| Total segment results | 31.73 | 31.59 | 571.49 | 114.44 | 710.94 |
| Add: Unallocated income | 29.01 | 17.64 | 16.81 | 83.04 | 57.31 |
| Less: Finance cost | (49.34) | (54.33) | (30.72) | (192.02) | (58.96) |
| Less: Unallocated expense | (138.57) | (51.11) | (130.39) | (371.78) | (397.77) |
| Profit/(Loss) before tax | (127.17) | (56.21) | 427.19 | (366.32) | 511.53 |
| Segment assets | |||||
| Trading | 858.53 | 845.71 | 886.03 | 858.53 | 886.03 |
| Manufacturing | 239.31 | 221.69 | 209.03 | 239.31 | 209.03 |
| Real estate | 4,039.94 | 4,055.54 | 3,617.62 | 4,039.94 | 3,617.62 |
| Unallocated assets | 3,966.50 | 3,918.55 | 3,600.45 | 3,906.50 | 3,600.45 |
| Total assets | 9,044.28 | 9,041.27 | 8,314.03 | 9,044.28 | 8,314.03 |
| Segment Liabilities | |||||
| Trading | 103.89 | 137.65 | 197.14 | 103.89 | 197.14 |
| Manufacturing | 76.34 | 81.33 | 79.01 | 76.34 | 79.01 |
| Real estate | 2,819.15 | 2,808.55 | 2,719.06 | 2,819.15 | 2,719.06 |
| Unallocated liabilities | 2,624.11 | 2,464.88 | 1,534.59 | 2,624.11 | 1,534.59 |
| Total liabilities | 5,623.49 | 5,492.43 | 4,529.80 | 5,623.49 | 4,529.80 |
-
The Company had received refundable project advance from a developer to the tone of ₹ 1,942.53 towards development of freehold land owned by the Company in Kalamansery, Kerala. The development plan was dropped by developer subsequently. Based on the final settlement reached with the developer and the Company, during the quarter ended 31 March 2025, returned an amount of ₹ 1,521.76 to the developer. Consequently, the balance ₹ 420.77 had been written back in statement of profit and loss as liabilities no longer required written back and disclosed under other income for the year ended 31 March 2025.
-
During the year ended 31 March 2025, the Company had sold a part of the land classified as held for sale at Uindarpur, Tamil Nadu, with a carrying value of ₹ 78.10 for a consideration of ₹ 60, resulting in a loss of ₹ 18.10 and the same was accounted under other expense.
-
The Company has entered a binding memorandum of understanding with the shareholders of Better Funds Private Limited (target company) to acquire 100% shareholding in target company for a consideration of ₹ 765 lakhs subject to due diligence, regulatory approvals, and execution of a definitive Share Purchase Agreement (SPA). As at 31 March 2026, the Company has paid an advance of ₹ 119.76 lakhs towards this proposed acquisition.
-
The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the respective full financial years and published year to date figures up to the third quarter of the respective financial years, which were subjected to limited review by the statutory auditors.
-
The results for the quarter and year ended 31 March 2026, are available on the BSE Limited website URL: www.bssindia.com/corporates and on the Company's website.
For and on behalf of Board of Directors
TCM Limited
Joseph
Varghese
Mangalay Director
DIN: 0585755
Kochi, 26 May 2026
S G M & Associates LLP Chartered Accountants
No.13, Sampurna Chambers, FF-3, Vasavi Temple Street, V V Puram, Bengaluru - 560 004 | LLPIN: AAI-0262
Independent Auditor’s Report
To the Board of Directors of TCM Limited
Report on the Audit of Consolidated Financial Results
Opinion
We have audited the accompanying statement of consolidated annual financial results of TCM Limited (hereinafter referred to as the ‘Holding Company’) and its subsidiaries (Holding Company and its subsidiaries together referred to as ‘the Group’) for the year ended 31 March 2026 (‘the Statement’), attached herewith, being submitted by the Holding Company pursuant to the requirement of regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, the aforesaid:
(a) include the annual financial results of the following entities (to indicate list of entities included in the consolidation);
| Name of the entity | Nature relationship |
|---|---|
| TCM Limited | Parent |
| iSpark Learning Solutions Private Limited | Subsidiary |
| TCM Healthcare Private Limited | Subsidiary |
| TCM Properties Private Limited | Subsidiary |
| TCM Solar Private Limited | Subsidiary |
(b) are presented in accordance with the requirements of Regulation 52 of the Listing Regulations in this regard; and
(c) give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net loss and total comprehensive income and other financial information of the Group for the year ended 31 March 2026.
Basis of opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of reports of other auditors referred to in sub paragraph (1) of the “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.
Management’s Responsibilities for the Standalone Financial Results
These Consolidated financial results have been prepared on the basis of the consolidated annual financial statements.
Bangalore
S G M & Associates LLP
The Holding Company’s Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Group in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 52 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors.
B
S G M & Associates LLP
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph (1) of the "Other Matters" paragraph in this audit report.
We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters
- The consolidated financial results include the audited financial results of four subsidiaries, whose financial statements reflect total assets (before consolidation adjustments) of ₹ 119.76 as at 31 March 2026, total revenue (before consolidation adjustments) of ₹ 255.78, total net loss after tax (before consolidation adjustments) of ₹ 191.46 and net cash inflows (before consolidation adjustments) of ₹ 8.02 lakhs for the year ended 31 March 2026, as considered in the consolidated financial results, which have been audited by their respective independent auditors. The independent auditors' reports on the financial statements of these entities have been furnished to us by the management. Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.
Our opinion on the consolidated financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
BANGALORE
S G M & Associates LLP
- As mentioned in Note 6 to the Statement, the Statement includes the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our opinion on the consolidated financial results is not modified in respect of this matter.
For S G M & Associates LLP
Chartered Accountants
(LLP Reg. No. S200058)
Hemanth
Mahendra
Kumar
Digitally signed by
Hemanth Mahendra
Kumar
Date:2026.03.26
11:09:53 +00'30"
Hemanth M Kumar
Proprietor
(Membership No.: 216251)
Bangalore, 26 May 2026
UDIN: 26216251DCYJWQ2868
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponneth Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email : [email protected]; Website: www.tcmlimited.in
Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Consolidated Balance Sheet as at 31 March 2026
(Amount in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | As at | |
|---|---|---|
| 31-Mar-2026 | 31-Mar-2025 | |
| Audited | ||
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 903.40 | 894.45 |
| Capital work-in-progress | 25.29 | - |
| Investment property | 725.74 | 513.16 |
| Intangible assets | 1.25 | 1.48 |
| Intangible assets under development | 9.67 | 9.67 |
| Financial assets | ||
| Investments | 30.00 | 30.00 |
| Other financial assets | 51.41 | 20.40 |
| Income tax assets (net) | 33.90 | 15.98 |
| Other non current assets | 195.27 | 59.61 |
| Total non-current assets | 1,975.93 | 1,544.75 |
| Current assets | ||
| Inventories | 2,673.43 | 2,844.48 |
| Financial assets | ||
| Trade receivables | 623.62 | 676.76 |
| Cash and cash equivalents | 43.86 | 23.22 |
| Bank balances other than cash and cash equivalents | 34.24 | 17.68 |
| Other financial assets | 11.76 | 10.74 |
| Other current assets | 998.02 | 630.04 |
| Total current assets | 4,384.93 | 4,202.92 |
| Assets classified as held-for-sale | 1,892.24 | 1,892.24 |
| Total assets | 8,253.10 | 7,639.91 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Share capital | 747.79 | 747.79 |
| Other equity | 1,721.83 | 2,303.78 |
| Equity attributable to owners of the Company | 2,469.62 | 3,051.57 |
| Non-controlling interests | (148.55) | (130.91) |
| Total equity | 2,321.07 | 2,920.66 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 862.25 | 6.45 |
| Other financial liabilities | 51.86 | - |
| Provisions | 29.00 | 22.06 |
| Total non-current liabilities | 943.11 | 28.51 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 1,354.21 | 1,115.90 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 2.15 | 4.43 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 169.85 | 245.49 |
| Other financial liabilities | 446.02 | 390.51 |
| Other current liabilities | 3,014.33 | 2,932.90 |
| Provisions | 2.36 | 1.51 |
| Total current liabilities | 4,988.92 | 4,690.74 |
| Total liabilities | 5,932.03 | 4,719.25 |
| Total equity and liabilities | 8,253.10 | 7,639.91 |
BANGALORE BANK
CITY OF BANGALORE
Bangalore
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponneth Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email: [email protected]; Website: www.tcmlimited.in
Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Consolidated Statement of Profit and Loss for the quarter and year ended 31 March 2026
(Amount in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | Quarter ended | Year ended | ||||
|---|---|---|---|---|---|---|
| 31-Mar-2026 | 31-Dec-2025 | 31-Mar-2025 | 31-Mar-2026 | 31-Mar-2025 | ||
| Audited | Un-audited | Audited | Audited | |||
| Note reference | 1 | 6 | ||||
| I | Revenue from operations | 492.06 | 568.74 | 764.98 | 1,973.84 | 2,600.61 |
| II | Other income | 21.46 | 8.67 | 434.21 | 96.19 | 446.92 |
| III | Total income [I+II] | 513.52 | 577.41 | 1,199.19 | 2,070.03 | 3,047.53 |
| IV | Expenses | |||||
| Purchases of stock-in-trade | 84.24 | 100.85 | 141.67 | 340.13 | 439.89 | |
| Cost of material consumed | 294.38 | 208.48 | 190.68 | 932.06 | 854.71 | |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | (48.49) | 85.42 | 165.70 | 156.41 | 523.74 | |
| Employee benefits expense | 144.23 | 113.10 | 88.88 | 486.91 | 381.15 | |
| Finance costs | 49.60 | 54.34 | 30.75 | 192.36 | 59.05 | |
| Depreciation and amortisation expense | 17.63 | 17.21 | 9.72 | 55.77 | 35.11 | |
| Other expenses | 134.58 | 115.65 | 172.60 | 508.86 | 617.35 | |
| Total expenses | 676.17 | 695.05 | 800.00 | 2,672.50 | 2,911.00 | |
| V | Profit/(Loss) before exceptional items and tax [III-IV] | (162.65) | (117.64) | 399.19 | (602.47) | 136.53 |
| VI | Exceptional items | - | - | - | - | - |
| VII | Profit/(Loss) before tax [V-VI] | (162.65) | (117.64) | 399.19 | (602.47) | 136.53 |
| VIII | Tax expense | |||||
| Current tax expense/(credit) | - | - | - | (3.76) | - | |
| Deferred tax expense/(credit) | - | - | (3.40) | - | (3.40) | |
| Total tax expense | - | - | (3.40) | (3.76) | (3.40) | |
| IX | Profit/(Loss) for the period/ year (VII-VIII) | (162.65) | (117.64) | 402.59 | (598.71) | 139.93 |
| X | Other comprehensive (loss)/ income for the period/ year | |||||
| Remeasurement of employee defined benefit plans | (0.88) | - | 14.85 | (0.88) | 14.85 | |
| Income tax on above | - | - | (3.40) | - | (3.40) | |
| Total other comprehensive income (X) | (0.88) | - | 11.45 | (0.88) | 11.45 | |
| XI | Total comprehensive income/(loss) for the period/ year (IX+X) | (163.53) | (117.64) | 414.04 | (599.59) | 151.38 |
| Profit/(Loss) for the period/ year attributable to | ||||||
| Owners of the Company | (164.58) | (114.04) | 403.02 | (581.07) | 161.18 | |
| Non-controlling interests | 1.93 | (3.60) | (0.43) | (17.64) | (21.25) | |
| (162.65) | (117.64) | 402.59 | (598.71) | 139.93 | ||
| Other comprehensive income/(loss) for the period / year attributable to | ||||||
| Owners of the Company | (0.88) | - | 11.45 | - | 11.45 | |
| Non-controlling interests | - | - | - | - | - | |
| (0.88) | - | 11.45 | - | 11.45 | ||
| Total comprehensive income/(loss) for the period/ year | ||||||
| Owners of the Company | (165.46) | (114.04) | 414.47 | (581.95) | 172.63 | |
| Non-controlling interests | 1.93 | (3.60) | (0.43) | (17.64) | (21.25) | |
| (163.53) | (117.64) | 414.04 | (599.59) | 151.38 | ||
| Paid-up equity share capital (face value of ₹ 10/- each) | 747.79 | 747.79 | 747.79 | 747.79 | 747.79 | |
| Reserves, i.e., 'Other equity' | - | - | - | 1,721.83 | 2,303.78 | |
| Earnings per share (face value of ₹ 10/- each) [(not annualised for the quarter/period/period] | ||||||
| Basic (in ₹) | (2.20) | (1.53) | 5.39 | (7.77) | 2.61 | |
| Diluted (in ₹) | (2.20) | (1.53) | 5.39 | (7.77) | 2.61 |
SGSGAS ACCOUNTING
Bangalore
TCM LIMITED
0
TCM Limited
Registered office: House No.28/2917, Aiswarya, Ponneth Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email: [email protected]; Website: www.tcmlimited.in
Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Consolidated Statement of Cashflows for the year ended 31 March 2026
(Amount in ₹ Lakhs, except for shares data or as otherwise stated)
| Particulars | Year ended | |
|---|---|---|
| 31-Mar-2026 | 31-Mar-2025 | |
| Audited | ||
| A Cash flow from operating activities | ||
| Profit / (Loss) before tax | (602.47) | 136.53 |
| Adjustments for | ||
| Depreciation of property, plant and equipment and amortisation of intangible assets | 55.77 | 35.11 |
| Credit impaired trade and other advances written off | 1.42 | 4.75 |
| Provision for expected credit loss on financial assets | 3.89 | 3.77 |
| Loss on disposal of land classified as held for sale | - | 18.10 |
| Loss/(Gain) on disposal of property, plant and equipments | 0.09 | - |
| Interest income | (23.04) | (13.10) |
| Dividend income | (1.50) | - |
| Liabilities no longer required written back | (59.50) | (422.96) |
| Finance costs | 192.36 | 59.05 |
| Operating loss before working capital changes | (432.98) | (178.75) |
| Adjustments for: | ||
| (Increase)/decrease in inventories | 171.05 | 523.66 |
| (Increase)/decrease in trade receivables | 57.03 | 170.26 |
| (Increase)/decrease in loans and other assets | (416.47) | (0.60) |
| Increase/(decrease) in trade and other payables and provisions | 113.98 | (1,537.42) |
| Cash (used in) / from operations | (507.39) | (1,022.85) |
| Net income tax paid | (14.16) | 15.09 |
| Net cash flow (used in) / from operating activities [A] | (521.55) | (1,007.76) |
| B Cash flow from investing activities | ||
| Payments for property, plant and equipment, intangibles (including capital work-in-progress and capital advances) | (77.87) | (52.29) |
| Payments for investment properties | (206.22) | - |
| Advance towards investment | (119.76) | - |
| Proceeds from disposal of property, plant and equipment | 0.05 | 0.16 |
| Proceeds from sale of asset held for sale | - | 60.00 |
| Advance received/(refunded) towards sale of property, plant and equipment | 38.50 | - |
| Purchase of investments | - | (30.00) |
| Dividend income | 1.50 | - |
| Interest received | 4.24 | 4.43 |
| Net cash flow (used in) / from investing activities [B] | (359.56) | (17.70) |
| C Cash flow from financing activities | ||
| Proceeds from long-term borrowings | 887.00 | - |
| Repayment of long-term borrowings | (6.47) | (3.72) |
| Proceeds from short-term borrowings | 213.58 | 1,109.55 |
| Repayment of short-term borrowings | - | (10.28) |
| Finance costs paid | (192.36) | (59.05) |
| Net cash from/(used in) financing activities [C] | 901.75 | 1,036.50 |
| Net increase/(decrease) in Cash and cash equivalents [A+B+C] | 20.64 | 11.04 |
| Cash and cash equivalents at the beginning of the year | 23.22 | 12.18 |
| Cash and cash equivalents at the end of the year | 43.86 | 23.22 |
P
C.M. LIMS
Banglore
Tunis
TCM Limited
Registered office: House No.26/2917, Airovarya, Prasuch Temple Road, Shanthi Nagar, Kadvanthra, Ernakulam, Kerala - 682 020
Tel: +91 0484 2316771; E-mail: Email: [email protected]; Website: www.tcmlimited.in
(Amount in ₹ Lakh, except for shares data or an otherwise stated)
Note Select explanatory notes to the Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
-
The statement of consolidated financial results ("Statement") of TCM Limited ("Company") have been prepared in accordance with Indian Accounting Standards (Ind AS), prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company and along with its subsidiaries are referred to as "Group".
-
The Group is primarily engaged in (i) trading in solar, healthcare, autocare and audio products (together referred to as "Trading"); (ii) in manufacturing sector (referred to as "Manufacturing"); (iii) in educational sector (referred to as "Educational") and (iv) development and sale of real estate units/ projects which the Company started during the year (referred to as "Real estate"). Accordingly, the business segment has been classified into four; (i) Trading; (ii) Manufacturing; (iii) Educational; and (iv) Real estate. Further, the business operations of the Group is only in India. Hence, geographical segment disclosure is not applicable to the Group. The Chief Operating Decision Maker ("CODM") of the Group examines the performance of the Group from the perspective of Trading, Manufacturing, Educational and Real estate segment. The segment disclosures as per Ind AS 108 - Operating Segments ("IND AS 108") are given below:
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31-Mar-2026 | 31-Dec-2025 | 31-Mar-2025 | 31-Mar-2026 | 31-Mar-2025 | |
| Segment revenue | |||||
| Trading | 105.68 | 239.97 | 319.37 | 516.34 | 671.96 |
| Manufacturing | 272.87 | 245.61 | 249.45 | 1,054.46 | 1,087.21 |
| Educational | 83.27 | 52.91 | 37.09 | 205.15 | 127.87 |
| Real estate | 30.24 | 30.25 | 159.07 | 197.89 | 713.57 |
| Total revenue | 492.06 | 568.74 | 764.98 | 1,973.84 | 2,600.61 |
| Segment results | |||||
| Trading | (3.63) | 6.34 | 97.09 | (70.72) | 133.52 |
| Manufacturing | (13.79) | (16.38) | 31.10 | (2.44) | 20.17 |
| Educational | 13.29 | (7.69) | (7.75) | (55.25) | (78.32) |
| Real estate | 20.15 | 4.45 | 453.30 | 74.33 | 557.25 |
| Total segment results | 16.02 | (13.18) | 563.74 | (54.08) | 632.62 |
| Add: Unallocated income | 21.46 | 8.67 | 13.44 | 49.44 | 26.15 |
| Less: Finance cost | (49.60) | (54.34) | (30.75) | (192.36) | (59.05) |
| Less: Unallocated expense | (150.53) | (58.79) | (147.24) | (405.47) | (463.19) |
| Profit/(Loss) before tax | (162.65) | (117.64) | 399.19 | (662.47) | 136.53 |
| Segment assets | |||||
| Trading | 869.92 | 854.00 | 888.23 | 869.92 | 888.23 |
| Manufacturing | 236.23 | 221.69 | 209.03 | 236.23 | 209.03 |
| Educational | 68.15 | 67.58 | 60.57 | 68.15 | 60.57 |
| Real estate | 4,039.94 | 4,055.60 | 3,109.46 | 4,039.94 | 3,109.46 |
| Unallocated assets | 3,038.86 | 3,081.86 | 3,372.62 | 3,038.86 | 3,372.62 |
| Total assets | 8,253.10 | 8,288.73 | 7,639.91 | 8,253.10 | 7,639.91 |
| Segment Liabilities | |||||
| Trading | 138.42 | 167.09 | 197.14 | 138.42 | 197.14 |
| Manufacturing | 76.34 | 81.35 | 79.01 | 76.34 | 79.01 |
| Educational | 45.72 | 28.95 | 48.89 | 45.72 | 48.89 |
| Real estate | 2,819.15 | 2,808.55 | 2,719.06 | 2,819.15 | 2,719.06 |
| Unallocated liabilities | 2,852.40 | 2,710.28 | 1,675.15 | 2,852.40 | 1,675.15 |
| Total liabilities | 5,932.03 | 5,796.22 | 4,719.25 | 5,932.03 | 4,719.25 |
-
The Group had received refundable project advance from a developer to the tune of ₹ 1,942.53 towards development of freehold land owned by the Group in Kalamassery, Kerala. The development plan was dropped by developer subsequently. Based on the final settlement reached with the developer and the Group, during the quarter ended 31 March 2025, returned an amount of ₹ 1,521.76 to the developer. Consequently, the balance ₹ 420.77 had been written back in statement of profit and loss as liabilities no longer required written back and disclosed under other income for the year ended 31 March 2025.
-
During the year ended 31 March 2025, the Group had sold a part of the land classified as held for sale at Ulsdarpet, Tamil Nadu, with a carrying value of ₹ 78.10 for a consideration of ₹ 60, resulting in a loss of ₹ 18.10 and the same was accounted under other expense.
-
The Group has entered a binding memorandum of understanding with the shareholders of Better Feeds Private Limited ("target company") to acquire 100% shareholding in target company for a consideration of ₹ 765 lakhs subject to due diligence, regulatory approvals, and execution of a definitive Share Purchase Agreement ("SPA"). As at 31 March 2026, the Group has paid an advance of ₹ 119.76 lakhs towards this proposed acquisition.
-
The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the respective full financial years and published year to date figures up to the third quarter of the respective financial years, which were subjected to limited review by the statutory auditors.
-
The results for the quarter and year ended 31 March 2026, are available on the BSE Limited website URL: www.bssindia.com/corporates) and on the Company's website.
For and on behalf of Board of Directors
TCM Limited
Joseph Varghese
(Signature)
Joseph Varghese
Managing Director
DIN: 0585755
Kochi, 26 May 2026
