Tashi India Limited has announced significant changes to its board of directors following a meeting held on March 21, 2026. The company communicated these developments to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcomes

The board meeting, which commenced at 03:00 PM and concluded at 03:30 PM on March 21, 2026, addressed two key directorate changes. The company's registered office is located at Imambada Road, Nagpur- 440 018 (MS) (INDIA), and operates under CIN: L51900MH1985PLC036521.

Director Cessation Details

Mrs. Shweta Anuj Jejani stepped down from her position as Non-Executive Independent Director at the close of business hours on March 21, 2026. Her departure was attributed to retirement and completion of her directorial term, marking a planned transition in the company's board composition.

New Director Appointment

The board approved the appointment of Mrs. Ruchita Jain as Additional Non-Executive Independent Woman Director, effective March 21, 2026. Her appointment will remain valid until the ensuing Annual General Meeting, where shareholders will vote on her formal appointment as an Independent Director.

Professional Background

Mrs. Ruchita Jain brings substantial professional expertise to the board with her comprehensive background in finance and corporate functions:

Regulatory Compliance

The company confirmed that Mrs. Ruchita Jain meets all regulatory requirements for the directorial position. She is not debarred from holding the office of director by virtue of any SEBI order or any other authority, as required under BSE circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

The announcement was digitally signed by Akshay Ranka, Director (DIN: 00235788), ensuring proper authorization and compliance with corporate governance norms. These changes reflect the company's commitment to maintaining board diversity and bringing fresh expertise to its leadership structure.

Tashi India Limited announced its Q3FY26 financial results for the quarter ended December 31, 2025, presenting a mixed performance with declining quarterly profits despite strong revenue growth and robust nine-month results.

Quarterly Financial Performance

The company reported net profit after tax of ₹4.31 lakhs for Q3FY26, marking a 36% decline from ₹6.69 lakhs recorded in the corresponding quarter of the previous year. Despite the profit decline, revenue from operations showed remarkable growth, surging 287% year-on-year to ₹54.33 lakhs from ₹14.02 lakhs in Q3FY25.

Nine-Month Performance Highlights

The nine-month period ending December 31, 2025, demonstrated exceptional performance with net profit after tax reaching ₹158.05 lakhs, representing a substantial 662% increase from ₹20.73 lakhs in the corresponding nine-month period of FY25. Revenue from operations for the nine-month period stood at ₹174.29 lakhs compared to ₹38.67 lakhs in the previous year, marking a growth of 351%.

Comprehensive Income Analysis

Total comprehensive income for Q3FY26 was ₹10.19 lakhs, a significant improvement from the loss of ₹89.76 lakhs reported in Q3FY25. This positive turnaround was supported by other comprehensive income of ₹5.88 lakhs during the quarter. For the nine-month period, total comprehensive income reached ₹192.15 lakhs compared to ₹26.37 lakhs in the previous year.

Expense Structure and Operational Metrics

Total expenses for Q3FY26 increased to ₹48.97 lakhs from ₹8.28 lakhs in Q3FY25, primarily driven by changes in inventories of stock-in-trade amounting to ₹37.11 lakhs. Employee benefit expenses rose to ₹5.40 lakhs from ₹3.68 lakhs, while finance costs increased to ₹3.06 lakhs from ₹0.01 lakhs in the previous year quarter.

Corporate Governance and Compliance

The Board of Directors meeting was held on February 7, 2026, where the unaudited standalone and consolidated financial results were approved. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors VMSS & Associates. The company maintains its paid-up equity share capital at ₹74.25 lakhs with a face value of ₹10 per share.

Business Focus

Tashi India Limited is primarily engaged in the financing business and operates as a single reportable segment as per Ind AS 108 dealing with Operating Segments. The company's registered office is located at Imambada Road, Nagpur, Maharashtra, and it continues to focus on its core financing activities.