TCI Industries has scheduled a board meeting on June 16, 2026, to deliberate on the reclassification of its authorised share capital and the issuance of redeemable preference shares to promoters. The meeting, convened pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, will address key structural changes to the company's equity framework.

Agenda for the Board Meeting

The board will consider approving the reclassification of the authorised share capital and the consequent alteration of the capital clause in the Memorandum of Association of the Company. This move is aimed at restructuring the equity base to facilitate future capital requirements.

Another critical item on the agenda is the proposal to issue redeemable preference shares on a private placement basis specifically to promoter and promoter group companies. The board will also review and take on record the valuation report for the proposed issue of Non-Convertible Redeemable Preference Shares (NCRPS).

Procedural Details

The notice for the board meeting will be uploaded on the company's website, www.tcil.in , in compliance with Regulation 46(2)(I)(i) of the Listing Regulations. The intimation was submitted to BSE Limited on June 9, 2026, by Anisha Dad, Company Secretary and Compliance Officer.

tci industries has reported its audited financial results for the quarter and year ended March 31, 2026. The company returned to profitability in FY26, recording a net profit of ₹48.69 lakh against a net loss of ₹224.03 lakh in the previous fiscal year. Revenue from operations for the year rose significantly to ₹506.12 lakh, up from ₹283.02 lakh in FY25.

Financial Performance for FY26

The company's total income for the year stood at ₹520.41 lakh, a substantial increase from ₹296.17 lakh in the previous year. Total expenses for FY26 were reported at ₹471.72 lakh, compared to ₹520.20 lakh in FY25. The profit before tax for the year was ₹48.69 lakh, a turnaround from the loss before tax of ₹224.03 lakh in the preceding year.

Key Financial Metrics

Quarterly Results

For the fourth quarter ended March 31, 2026, TCI Industries posted a net profit of ₹30.05 lakh. This compares to a net loss of ₹85.95 lakh in the same quarter of the previous year. Revenue from operations for Q4 FY26 was ₹176.51 lakh, up from ₹109.87 lakh in Q4 FY25. The company's earnings per share (EPS) for the quarter was reported at ₹3.35 basic and diluted.

Corporate Developments

The Board of Directors, in its meeting held on May 19, 2026, approved the audited financial results. Additionally, the board approved the resignation of Mr. Sunil K. Warerkar as Whole-time Director effective from the close of business hours on June 30, 2026. The board also appointed Mr. Samir Thete as President of the company with effect from May 19, 2026, and re-appointed M/s Gokhale & Sathe as internal auditor for FY 2026-27.

Mr. Thete is a Science graduate with a B.Sc. degree and holds a Post Graduate Diploma in Business Management and Human Resource Management. He brings over 25 years of experience, including 6 years in Physical Security, 9 years in Administration and Procurement, and the latest 9 years in Business Operations, Project Operations, Client Management, Sales, and Liaisoning.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹1,905.77 lakh, compared to ₹1,764.03 lakh in the previous year. Total equity increased to ₹1,535.88 lakh from ₹1,299.31 lakh. Cash and cash equivalents at the end of the year were reported at ₹101.43 lakh, a significant rise from ₹25.66 lakh at the end of FY25. The net cash generated from operating activities for the year was ₹25.33 lakh.