Tacent Projects Limited has reported a return to profitability for the financial year ended March 31, 2026, recording a net profit after tax (PAT) of ₹1.17 lakh. This marks a significant turnaround from the net loss of ₹3.70 lakh incurred in FY25. The earnings per share (EPS) improved to ₹0.03, compared to a loss of ₹0.10 per share in the prior period.

Despite the bottom-line improvement, the company’s topline contracted significantly. Revenue from operations stood at ₹10.25 lakh in FY26, down from ₹335.44 lakh in FY25. The sharp decline in revenue was driven by a cessation of goods sales, which accounted for the bulk of previous-year income, while commission income contributed ₹10.25 lakh in the current year. Total expenses decreased to ₹9.08 lakh from ₹339.14 lakh, aligning with the reduced operational scale.

Capital Raise and Corporate Actions

In a separate development, the Board of Directors, meeting on August 11, 2026, approved a preferential issue aggregating up to ₹15.4 crore to strengthen its capital base. The raise comprises two components:

• Equity Shares: Up to 34,00,000 equity shares of face value ₹10 each, totaling ₹3.40 crore, offered to 16 identified public (non-promoter) investors.
• Fully Convertible Warrants (FCWs): Up to 1,15,87,750 FCWs at ₹10 each, totaling ₹11.58 crore, targeted at both promoter and public investors.

The issue price of ₹10 per share/warrant is based on a valuation report dated August 11, 2026, by Mr. Subodh Kumar, which determined a fair value of ₹9.14 per equity share. The FCWs carry a conversion window of 18 months, with 25% of the issue price payable at allotment and the remaining 75% upon exercise.

Additionally, shareholders will vote on increasing the authorized share capital from ₹10 crore to ₹22 crore at the 33rd Annual General Meeting scheduled for September 10, 2026. This includes an increase in equity shares from 80 lakh to 2 crore units.

Leadership Changes

The Board also elevated Mr. Neeraj Chaudhary to the role of Whole-time Director, effective August 11, 2026, for a five-year tenure. He was initially appointed as an Additional Director on July 31, 2026. His regularization and redesignation require shareholder approval at the upcoming AGM.

What the Numbers Show

The post-allotment shareholding pattern indicates a consolidation of promoter interests. Promoter holding is projected to rise from 56.65% to 61.43% following the full conversion of warrants, while public holding dilutes from 43.35% to 38.57%. This structure suggests that the capital raise is primarily driven by promoter participation via the FCW tranche, reinforcing insider confidence while bringing in new public equity capital through direct share issuance.

Financially, the company’s balance sheet reflects total assets of ₹142.52 lakh as of March 31, 2026, down from ₹393.37 lakh in the previous year. Trade receivables declined significantly to ₹141.64 lakh from ₹392.46 lakh, indicating improved collection or reduced outstanding dues relative to the lower revenue base. Borrowings increased slightly to ₹37.04 lakh from ₹31.50 lakh, primarily comprising unsecured loans from related parties.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE149D01011/e88105e0-129e-4f4d-81f3-1196196eeb28.pdf

Tacent Projects Limited’s Board of Directors convened on August 6, 2026, to review statutory compliance matters for the quarter ended June 30, 2026. The session, which began at 3:00 p.m. and concluded at 5:20 p.m., focused on confirming adherence to SEBI listing obligations rather than approving new financial or operational initiatives. This routine oversight ensures the company maintains its regulatory standing with stock exchanges and market regulators.

The Board took note of several critical compliance certificates and reports as mandated by various SEBI regulations. These documents confirm the company’s ongoing adherence to disclosure norms regarding corporate governance, investor relations, and capital structure accuracy. The proceedings were conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Compliance Items Reviewed

The Board specifically acknowledged the following reports and certificates for the quarter ended June 30, 2026:

The review of the Certificate of Non-Applicability under Regulation 27(2) indicates that Tacent Projects is not required to file a full integrated corporate governance report for this period, likely due to specific exemptions applicable to its category or size. Similarly, the confirmation under Regulation 74(5) pertains to the utilization of funds raised through preferential allotment or qualified institutional placements, ensuring no diversion of funds has occurred.

Governance and Market Integrity

The Board also reviewed the Statement of Investor Complaints under Regulation 13(3), which details any grievances received from shareholders during the quarter. Additionally, the Reconciliation of Share Capital Audit Report under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, was examined to ensure that the company’s records match those maintained by depositories.

Insider trading compliance was addressed through the intimation for the closure of the trading window for Designated Persons and their immediate relatives, as required under the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. This measure prevents insiders from trading during sensitive periods when unpublished price-sensitive information may be available.

Somali Trivedi, Chairperson and Director of Tacent Projects Limited, signed the disclosure filed with BSE Limited. The company’s registered office is located in East Delhi, and it operates under CIN L74899DL1993PLC052461. The scrip code for trading on BSE is 531887.