Tacent Projects Limited's Board of Directors convened on Saturday, May 2, 2026, to consider regulatory compliance matters. The meeting, which commenced at 03:00 P.M. and concluded at 03:52 P.M., approved the Certificate of Non-Applicability for disclosure of related party transactions on a consolidated basis for the half year ended March 31, 2026, as required under Regulation 23(9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Criteria

The company's eligibility for exemption stems from Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides exemption from compliance with specified regulations for listed entities meeting certain financial thresholds. The key parameters include paid-up equity share capital not exceeding Rs. 10,00,00,000 and net worth not exceeding Rs. 25,00,00,000 as on the last date of the previous financial year.

Financial Position as on March 31, 2026

The company's paid-up capital of Rs. 351.23 Lakhs and net worth of Rs. (24.36) Lakhs, as per the last audited balance sheet as on March 31, 2026, are both below the prescribed limits. Consequently, Tacent Projects Limited is not obligated to file disclosure on related party transactions on a consolidated basis for the specified period.

The communication was signed by Somali Trivedi, Chairperson & Independent Director, on behalf of Tacent Projects Limited (formerly known as Rahul Merchandising Limited). The company is registered at H NO. 1/61-B Vishwas Nagar, Shahdara, East Delhi-110032, and is listed on BSE with security codes 512517 and 531887.

Tacent Projects Limited announced its audited standalone financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 2, 2026. The meeting, which commenced at 3:00 PM and concluded at 3:52 PM, approved the audited standalone financial results, statement of assets and liabilities, and cash flow statements for the specified periods. Somali Trivedi, Chairperson & Director, signed the regulatory filings on behalf of the company.

Financial Performance Overview

For the fiscal year ended March 31, 2026, Tacent Projects reported a net profit of Rs 1.16 lakh, a notable turnaround from the net loss of Rs 3.70 lakh recorded in the previous fiscal year ended March 31, 2025. The company's revenue from operations for FY26 stood at Rs 10.25 lakh, representing a substantial decline from Rs 335.44 lakh in FY25. Total income for the year was Rs 10.25 lakh compared to Rs 335.44 lakh in the preceding year.

The quarterly performance for the period ended March 31, 2026, showed revenue of Rs 10.25 lakh and a net profit of Rs 6.50 lakh. In comparison, the quarter ended December 31, 2025, reported nil revenue and a loss of Rs 2.64 lakh. The corresponding quarter in the previous year ended March 31, 2025, had recorded revenue of Rs 332.69 lakh with a net profit of Rs 4.66 lakh.

Key Financial Metrics

Total expenses for FY26 amounted to Rs 9.09 lakh, significantly lower than Rs 339.14 lakh in the previous year. The breakdown of expenses included employee benefits expenses of Rs 0.41 lakh, finance costs of Rs 0.08 lakh, and other expenses of Rs 8.60 lakh. The company maintained its paid-up equity share capital at Rs 351.23 lakh with a face value of Rs 10.00 per share throughout both periods.

Balance Sheet and Cash Flow Position

The company's total assets as of March 31, 2026, stood at Rs 142.53 lakh, a decrease from Rs 393.37 lakh as of March 31, 2025. Current assets comprised Rs 142.53 lakh, with trade receivables at Rs 141.64 lakh and cash and cash equivalents at Rs 0.17 lakh. Total current liabilities were reported at Rs 166.88 lakh, including borrowings of Rs 37.04 lakh and trade payables of Rs 127.58 lakh.

The audited standalone cash flow statement revealed a net decrease in cash and cash equivalents of Rs 0.62 lakh during FY26, bringing the closing balance to Rs 0.17 lakh. Cash flows from operating activities resulted in a net outflow of Rs 6.08 lakh, while financing activities provided a net inflow of Rs 5.46 lakh primarily from proceeds from borrowings amounting to Rs 5.54 lakh. Investing activities showed nil cash flows during the period.

Board Meeting and Regulatory Compliance

The Board of Directors meeting on May 2, 2026, considered and approved several key items including the audited standalone financial results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting also approved the audited standalone statement of assets and liabilities and cash flow statements for the half year ended March 31, 2026. Mohit Sharma, Whole Time Director & Chief Financial Officer, provided the CEO/CFO certificate pursuant to Regulation 33(2)(a) of SEBI regulations.

Auditor's Report and Compliance

M/s V S S A & Associates, Chartered Accountants, served as the statutory auditor and issued an unmodified opinion on the annual financial results for the year ended March 31, 2026. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The auditor confirmed that the financial results give a true and fair view in conformity with the recognition and measurement principles laid down in applicable accounting standards.

The company submitted details of outstanding qualified borrowings and incremental qualified borrowings in compliance with SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023. Tacent Projects confirmed that it is not classified as a Large Corporate under the applicability criteria of the said circular, with outstanding qualified borrowings at both the start and end of the financial year reported at nil. The company also disclosed no outstanding defaults on loans or debt securities as of the reporting date.