TCM Limited Submits Quarterly Confirmation Certificate for Q4FY26 to BSE

TCM Limited has filed its quarterly confirmation certificate with the Bombay Stock Exchange (BSE) for the quarter ending 31st March 2026, demonstrating compliance with SEBI regulatory requirements for securities handling and dematerialization processes.

Regulatory Compliance Filing

The company submitted the Confirmation Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on 17th April 2026. Company Secretary Gokul V Shenoy signed the submission letter, which was addressed to BSE with reference to the company's script code 524156.

Filing Details:	Information
Quarter Period:	Ending 31st March 2026
Filing Date:	17th April 2026
Regulation:	SEBI Regulation 74(5)
BSE Script Code:	524156
Signatory:	Gokul V Shenoy, Company Secretary

RTA Confirmation Process

The confirmation certificate was issued by Cameo Corporate Services Limited, serving as TCM Limited's Registrar and Transfer Agent (RTA). Cameo Corporate Services confirmed that securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories.

The RTA's certificate, dated 6th April 2026, verified that all dematerialized securities were appropriately listed on stock exchanges where the company's previously issued securities are traded. The confirmation also stated that security certificates received for dematerialisation were mutilated and cancelled after proper verification by the Depository Participant.

Depository Compliance Verification

Cameo Corporate Services confirmed that the names of depositories were substituted in the Register of Members as registered owners within the mandated 15-day period. This process ensures proper maintenance of shareholder records and compliance with depository regulations.

Compliance Aspects:	Status
Securities Processing:	Confirmed/Accepted
Exchange Listing:	Verified
Certificate Handling:	Mutilated and Cancelled
Register Updates:	Completed within 15 days

The submission reflects TCM Limited's ongoing commitment to regulatory compliance and proper securities administration through its established RTA partnership with Cameo Corporate Services Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+6.07%	+22.30%	+15.71%	+28.71%	+66.47%

TCM Limited announced its financial results for the third quarter of FY26 ended 31st December 2025, showing revenue decline across both standalone and consolidated operations. The company, engaged in trading, manufacturing, educational services, and real estate development, faced challenging market conditions during the quarter.

Standalone Financial Performance

The company's standalone operations showed mixed results for Q3 FY26. Revenue from operations declined to ₹520.15 lakhs compared to ₹588.79 lakhs in Q3 FY25, representing a significant decrease.

Metric	Q3 FY26	Q3 FY25	Nine Months FY26	Nine Months FY25
Revenue from Operations	₹520.15 lakhs	₹588.79 lakhs	₹1,326.53 lakhs	₹1,744.85 lakhs
Other Income	₹17.64 lakhs	₹12.16 lakhs	₹100.78 lakhs	₹40.50 lakhs
Total Income	₹537.79 lakhs	₹600.95 lakhs	₹1,427.31 lakhs	₹1,785.35 lakhs
Net Loss	₹(56.21) lakhs	₹(52.74) lakhs	₹(235.39) lakhs	₹(115.67) lakhs
Earnings Per Share	₹(0.75)	₹(0.71)	₹(3.15)	₹(1.55)

The company reported a net loss of ₹56.21 lakhs for Q3 FY26 compared to ₹52.74 lakhs loss in the corresponding quarter of the previous year. For the nine-month period, the net loss widened significantly to ₹235.39 lakhs from ₹115.67 lakhs in the previous year.

Consolidated Financial Results

On a consolidated basis, which includes subsidiaries iSpark Learning Solutions Private Limited, TCM Healthcare Private Limited, TCM Properties Private Limited, and TCM Solar Private Limited, the performance showed similar trends.

Parameter	Q3 FY26	Q3 FY25	Nine Months FY26	Nine Months FY25
Consolidated Revenue	₹568.74 lakhs	₹617.98 lakhs	₹1,481.78 lakhs	₹1,835.63 lakhs
Consolidated Net Loss	₹(117.64) lakhs	₹(90.25) lakhs	₹(436.06) lakhs	₹(262.66) lakhs
Consolidated EPS	₹(1.53)	₹(1.16)	₹(5.57)	₹(3.23)

The consolidated net loss for Q3 FY26 was ₹117.64 lakhs compared to ₹90.25 lakhs in Q3 FY25, indicating deteriorating performance across the group.

Segment-wise Performance Analysis

The company operates across four main business segments with varying performance levels during the quarter.

Trading Segment

The trading segment, dealing in solar, healthcare, autocare, and audio products, showed improved revenue of ₹239.97 lakhs in Q3 FY26 compared to ₹106.41 lakhs in Q3 FY25. However, segment results declined to ₹6.34 lakhs from ₹2.24 lakhs.

Manufacturing Operations

The manufacturing segment reported revenue of ₹245.61 lakhs in Q3 FY26 versus ₹272.09 lakhs in Q3 FY25. The segment posted a loss of ₹16.28 lakhs compared to a profit of ₹16.24 lakhs in the previous year quarter.

Real Estate Development

Real estate operations generated revenue of ₹30.25 lakhs in Q3 FY26, significantly lower than ₹210.29 lakhs in Q3 FY25. Despite the revenue decline, segment results remained positive at ₹4.45 lakhs compared to ₹19.82 lakhs in the previous year.

Educational Services

The educational segment, operated through subsidiary iSpark Learning Solutions, reported revenue of ₹52.91 lakhs in Q3 FY26 compared to ₹29.19 lakhs in Q3 FY25. However, the segment continued to post losses of ₹7.69 lakhs.

Strategic Developments

TCM Limited has entered into a binding memorandum of understanding to acquire 100% shareholding in Better Feeds Private Limited for a consideration of ₹765 lakhs. As of 31st December 2025, the company has paid an advance of ₹108.23 lakhs towards this proposed acquisition, subject to due diligence, regulatory approvals, and execution of a definitive Share Purchase Agreement.

The company maintains its paid-up equity share capital at ₹747.79 lakhs with face value of ₹10 per share. The financial results were approved by the Board of Directors in their meeting held on 13th February 2026.