Life Insurance Corporation of India (LIC) has confirmed that no additional encumbrance has been created on the shares of Tourism Finance Corporation of India Limited during the financial year ending March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited and BSE Limited, asserts that no direct or indirect charges were imposed on the shares other than those already disclosed to the exchanges in FY26.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires acquirers to inform the stock exchanges if any encumbrance is created on the shares of the target company. The filing confirms compliance with this requirement for the specified period.

S. K. Srivastava, Executive Director (Investment: Back Office) at LIC, signed the declaration on behalf of the corporation. The communication was also copied to the Audit Committee of the Board of Tourism Finance Corporation of India Limited.

The filing provides transparency regarding the holding status of the shares by the insurer. It ensures that the stock exchanges and shareholders are aware of any potential restrictions on the shares held by LIC during the financial year.

Tourism Finance Corporation of India 's Board of Directors met on May 13, 2026, and approved the audited standalone financial results for the year ended March 31, 2026. The company delivered a robust improvement in profitability, with net profit after tax rising to Rs.12,346.33 lakh from Rs.10,381.32 lakh in the previous year. Total income grew to Rs.27,683.49 lakh, driven by higher interest income which reached Rs.23,827.20 lakh. Net Interest Income rose 36%, while AUM expanded 29% during the fiscal year. The statutory auditors issued an unmodified opinion on the results. In continuation to its Board meeting, the company also filed a regulatory disclosure on May 14, 2026, informing the stock exchanges that it had published its financial results advertisement in Business Standard (English and Hindi editions) pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance: FY26 vs FY25

The company's asset quality improved markedly during the fiscal year. Gross NPA declined to 0.37% from 3.22%, while Net NPA reduced to Nil from 1.61%. The Provision Coverage Ratio improved to 100.00% from 50.00%. Total assets grew to Rs.2,41,179.52 lakh as of March 31, 2026, supported by an expansion in loans and advances to Rs.2,05,198.89 lakh. The following table presents the key annual financial metrics:

Quarterly Financial Highlights

The quarterly results also reflect consistent performance. The table below presents key metrics for the most recent quarters:

Balance Sheet and Capital Metrics

The company's balance sheet strengthened over the year. Key balance sheet and capital metrics are presented below:

Dividend and Corporate Actions

The Board recommended a dividend of Rs.0.60 per equity share of face value Rs.2/- each for the financial year 2025-26, subject to shareholder approval. It is noted that the equity shares of face value Rs.10/- were split into five equity shares of face value Rs.2/- each, effective September 19, 2025; accordingly, Basic and Diluted EPS for comparative periods have been restated in accordance with Ind AS 33. Additionally, the Board approved raising resources up to Rs.1,200 crore via loans or debt instruments. Shri Anoop Bali was re-appointed as Managing Director & CFO for a term of two years effective June 1, 2026, subject to shareholder approval.

Regulatory Disclosure

Pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015, Tourism Finance Corporation of India informed the stock exchanges on May 14, 2026 about the publication of its financial results advertisement in Business Standard in both English and Hindi versions. The disclosure was signed by Sanjay Ahuja, Company Secretary, and pertains to the financial results for the quarter and year ended March 31, 2026. The detailed financial results are available on the stock exchange websites and on the company's website at www.tfciltd.com .

Portfolio and Ratings

As of March 31, 2026, the gross loan book stood at Rs.2,088.14 crore. The sectoral distribution was led by Hotels at 52%, followed by Real Estate at 19% and Manufacturing at 12%. The company holds a credit rating of AA- (Infomerics) for its long-term bonds and bank borrowings.

Source: None/Company/INE305A01015/f2192a7254ce4f6d.pdf