TCI Finance schedules 52nd AGM for Aug 27 via video conferencing

TCI Finance will conduct its 52nd Annual General Meeting (AGM) on Thursday, August 27, 2026, at 11:00 a.m. through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting aims to transact the business set out in the notice, with members attending via VC/OAVM counted toward the quorum under Section 103 of the Companies Act, 2013.

The company published the AGM notice in Financial Express (English) and Nava Telangana (Telugu) on August 4, 2026. This disclosure ensures shareholders are informed of the meeting details and voting procedures ahead of the event.

Regulatory Compliance

The AGM is being held in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Specifically, the company is adhering to:

MCA General Circular No. 14/2020 dated April 8, 2020
MCA Circular No. 17/2020 dated April 13, 2020
MCA General Circular No. 20/2020 dated May 5, 2020
Subsequent MCA circulars dated January 13, 2021; December 8, 2021; December 14, 2021; May 5, 2022; and December 28, 2022
SEBI Circulars dated May 12, 2020; January 15, 2021; and May 13, 2022

These regulations permit the holding of general meetings without physical presence at a common venue.

Shareholder Instructions

Electronic copies of the AGM notice and the Annual Report for the financial year 2025-26 have been dispatched to members whose email addresses are registered with the company, Depository Participants (DPs), or the Registrar and Share Transfer Agent (RTA), Kfin Technologies Private Limited.

Shareholders holding physical shares who have not registered their email addresses are advised to update their details with Kfin Technologies to receive the notice and participate in e-voting. Those holding dematerialized shares should register their email IDs with their respective DPs.

E-Voting Facility

The company will provide a remote e-voting facility for all resolutions listed in the AGM notice. Members can also vote during the AGM via the electronic voting system if they have not already cast their votes remotely. Login credentials for e-voting will be sent to registered email addresses. Members who do not receive emails or have unregistered addresses may generate credentials following instructions in the AGM notice available on the company’s website and NSDL’s e-voting portal.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.13%	+2.70%	-8.77%	-5.83%	+10.80%	+452.36%

TCI Finance reported a standalone net loss of ₹178.35 lakh for the quarter ended March 31, 2026, as total income remained flat at ₹48.37 lakh. The company’s financial performance was significantly impacted by audit qualifications, which, if adjusted, would have widened the net loss to ₹17,999.24 lakh. The negative earnings per share (EPS) was reported at ₹1.39, which would deepen to ₹139.83 upon adjusting for the auditors' qualifications.

The Board of Directors approved the standalone audited financial results for the fourth quarter and year ended March 31, 2026, in a meeting held on May 25, 2026. Mr. Dhanpat Ram Agarwal was authorized to sign and submit the results to the stock exchanges. The revised financial results were filed in XBRL format on June 30, 2026.

Audit Qualifications and Financial Impact

Statutory auditor G.D. Upadhyay & Co. issued three key qualifications in the report. The primary concern involves claims aggregating ₹25,619.80 lakh by lenders of Amrit Jal Ventures Private Limited and Gati Infrastructure Bhasmey Power Private Limited due to the invocation of corporate guarantees. While the company has provisioned ₹7,798.91 lakh, the auditors believe the entire liability should be recognized, increasing the loss by ₹17,820.89 lakh.

Particulars	Audited Figure (Reported)	Audited Figure (Adjusted)
Turnover/Total Income	48.37	48.37
Total Expenditure	226.72	18047.61
Net Profit/(Loss)	(178.35)	(17999.24)
Earnings Per Share (in Rs.)	(1.39)	(139.83)
Total Assets	679.17	679.17
Total Liabilities	8363.91	26184.80
Net Worth	(7684.74)	(25505.63)

Going Concern and Regulatory Status

Auditors expressed doubt over the company's status as a going concern due to the devolved liabilities and insufficient evidence to support continuity. Management countered that it is exploring new business ventures to revive the company and justified preparing the financial statements on a going concern basis. Additionally, the Reserve Bank of India (RBI) has requested the company to surrender its Certificate of Registration as a Non-Banking Financial Company (NBFC) due to non-maintenance of minimum Net Owned Funds, though the company has sought an extension to augment these funds.