Tarmat Ltd disclosed on April 08, 2026, that its promoter group has not encumbered any shares, directly or indirectly, during the financial year ended March 31, 2026. The declaration ensures that the shareholding structure of the promoters remains free from pledges or other charges, which is a key compliance requirement under market regulations.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates an annual declaration from promoters regarding the status of their shareholdings.

Declaration Details

The confirmation was provided by Mr. Jerry Varghese, Promoter and Chairman of the company, on behalf of the Promoter and Promoter group. The statement explicitly declares that as on March 31, 2026, no shares were encumbered during the specified financial year.

The filing was signed by Shivatosh Nareswar Chakraborty, Company Secretary of Tarmat Ltd , and addressed to the corporate relationship and listing departments of the respective stock exchanges.

Tarmat Limited reported a net profit of ₹65.56 crore for the financial year ended March 31, 2026, marking a substantial increase from ₹18.69 crore in the previous year. Revenue from operations for the period stood at ₹1,173.74 crore, up from ₹1,012.84 crore in FY25, driven by growth across its infrastructure segments. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026. The company submitted newspaper clippings of these results to the National Stock Exchange of India Limited and BSE Limited on June 01, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's profitability improved significantly in FY26, with profit before tax rising to ₹60.56 crore from ₹18.07 crore in the previous year. Earnings per share (EPS) for the year increased to ₹2.64 from ₹0.63 on a standalone basis. The finance costs for the year amounted to ₹11.22 crore, while depreciation and amortization expenses were recorded at ₹12.47 crore.

Audit Qualification

M/s. Hegde & Associates, Statutory Auditors, issued a qualified opinion in their report due to the non-availability of financial information for the Joint Venture Backbone Tarmat Alfaraa. The joint venture partner, Alfaraa, has gone into liquidation, and the liquidator has not yet finalized the accounts. Consequently, the company could not determine the fair value of its investment amounting to ₹7.83 crore as of March 31, 2026. Management stated that this would not have a material impact on the standalone or consolidated financial results and expressed optimism regarding the recovery of the investment.

Consolidated Results

On a consolidated basis, Tarmat reported a net profit of ₹62.42 crore for FY26, compared to ₹18.69 crore in the previous year. Revenue from operations for the group was ₹1,173.74 crore, up from ₹1,012.84 crore in FY25. The consolidated results exclude the financials of the Joint Venture Backbone Tarmat Alfaraa due to the aforementioned audit qualification. Total assets as of March 31, 2026, stood at ₹2,609.69 crore, while total equity and liabilities were recorded at ₹2,609.69 crore.