Tarapur transformers Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI depositories regulations for the quarter ended March 31, 2026. The filing demonstrates the company's commitment to maintaining regulatory compliance and transparent investor communication.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 8, 2026. Director Yash Betkar, holding DIN 10944640, digitally signed and submitted the document to both BSE Limited and National Stock Exchange of India Limited.

Certificate Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificate dated April 4, 2026. The certificate carries reference number BSS/SE-AU-030 and was signed by Akash Shamal as the authorised signatory.

The certificate specifically confirms that no dematerialisation requests for equity shares of Tarapur Transformers Limited were received during the period from January 1, 2026 to March 31, 2026. This certification aligns with SEBI's circular references NSDL/CIR/II/5/2019 dated January 25, 2019 and related regulatory guidelines.

Stock Exchange Communication

The compliance document was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed:

Company Information

Tarapur Transformers Limited operates from Unit No. 211, 2nd Floor, Neo Corporate Plaza Kachpada, Near Kapolwadi Ramchandra Lane, Malad (W), Mumbai, Maharashtra, PIN - 400064. The quarterly filing represents part of the company's ongoing regulatory obligations to maintain transparency with shareholders and regulatory authorities.

The submission of this certificate ensures compliance with SEBI's depositories regulations and maintains the company's good standing with stock exchange listing requirements. Such regular filings demonstrate corporate governance practices and adherence to regulatory frameworks governing publicly listed companies in India.

Tarapur Transformers Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, revealing a challenging operational environment with continued losses and absence of operational revenue.

Financial Performance Overview

The company reported a net loss of ₹24.27 lacs in Q3FY26, marking a significant decline from the net profit of ₹241.39 lacs recorded in Q3FY25. This represents a substantial deterioration in financial performance year-on-year.

Revenue and Income Analysis

The company continues to report zero revenue from operations, indicating no sales activity during the quarter. Total income of ₹50.75 lacs was entirely attributed to other income, which includes interest, rent, and other sources. This represents a significant increase from ₹9.95 lacs in other income during Q3FY25.

Expense Structure

Total expenses for Q3FY26 amounted to ₹75.02 lacs compared to ₹97.29 lacs in Q3FY25. The expense breakdown shows:

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹59.09 lacs compared to a net profit of ₹1,627.93 lacs in the corresponding period of the previous year. Total income for the nine-month period was ₹113.64 lacs, significantly lower than ₹2,401.81 lacs in the previous year.

Key Corporate Developments

The company has filed an application under Section 57 of the Insolvency and Bankruptcy Code, 2016 with NCLT Mumbai Bench against Choudhary Global Limited for an outstanding amount of ₹8,66,50,000. The management created a provision for bad and doubtful advances, though ₹43,15,000 was received from the party during the current year, leading to a partial reversal of the provision.

Additionally, the company recovered ₹35,00,000 from M/S Deekay Iron and Steel Pvt Ltd, which was previously written off in FY 2022-23. This recovery has been accounted as bad debts written back and included in other income.

Share Capital and Earnings

The company maintains a paid-up equity share capital of ₹1,950.00 lacs with a face value of ₹10 per share. Basic and diluted earnings per share for Q3FY26 stood at negative ₹0.12 compared to positive ₹1.24 in Q3FY25.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held in Mumbai on February 11, 2026, under the leadership of Executive Director Yash Betkar.