Techindia Nirman Limited has announced a key board-level appointment, naming Mrs. Poonam Satish Kagliwal as Additional Director with immediate effect from April 23, 2026. The appointment was communicated to stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Board Meeting Outcome

The appointment was formalized during a board meeting that commenced at 10:30 AM on April 23, 2026. The company has notified both BSE Limited and National Stock Exchange of India Limited about this significant corporate development. The board meeting also addressed the approval of financial results as of March 31, 2026, which will be submitted separately once approved.

Director Appointment Details

The company has provided comprehensive details about the new appointment in compliance with SEBI's master circular dated November 11, 2024. Mrs. Kagliwal's appointment as Additional Director is subject to approval by shareholders at the company's ensuing Annual General Meeting.

Professional Background

Mrs. Kagliwal brings substantial experience to the board with over 15 years in business management. Her educational background includes a Bachelor of Science degree from Indore, Madhya Pradesh. She possesses expertise across multiple business functions including finance, management, and general business operations.

The new director currently serves on the boards of several other companies, demonstrating her active involvement in corporate governance and business leadership. Her diverse experience in business management is expected to contribute to the company's strategic direction and operational oversight.

Regulatory Compliance

Techindia Nirman Limited has confirmed that Mrs. Kagliwal meets all regulatory requirements for the directorial position. The company has disclosed that she is not debarred from holding the office of director by virtue of any SEBI order or other regulatory restrictions, ensuring full compliance with exchange listing requirements as per BSE circular LIST/COMP/14 018-19 and NSE circular NSE/CML/2018/24 dated June 20, 2018.

The official communication was signed by Sunil Dixit, Chief Financial Officer, and digitally authenticated on April 23, 2026, at 11:24:07 AM, ensuring proper documentation and regulatory compliance for this corporate appointment.

Techindia Nirman Limited's Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on April 23, 2026. The meeting, which commenced at 10:30 a.m. and concluded at 5:00 p.m., was conducted in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The company has submitted the Statement of Financial Results, Statement of Impact of Audit Qualification, and Independent Auditors' Report to both BSE Limited and National Stock Exchange of India Limited.

Financial Performance Overview

The company reported a net loss of ₹62.15 lakhs for FY26, showing improvement from the net loss of ₹82.70 lakhs recorded in the previous year. For the quarter ended March 31, 2026, the net loss stood at ₹49.04 lakhs. Total income for the year remained minimal at ₹0.34 lakhs, comprising entirely of other operating income as revenue from operations was nil. Total expenses for FY26 amounted to ₹33.19 lakhs, significantly lower than ₹61.07 lakhs in the previous year.

Balance Sheet Position

As of March 31, 2026, the company's total assets stood at ₹8,123.65 lakhs, compared to ₹8,546.48 lakhs in the previous year. Equity share capital remained unchanged at ₹1,432.60 lakhs, while reserves and surplus turned more negative at ₹403.21 lakhs against ₹340.57 lakhs in FY25. The company's net worth stood at ₹1,029.39 lakhs. Total borrowings amounted to ₹7,063.30 lakhs, slightly higher than ₹7,010.54 lakhs in the previous year.

Cash Flow Analysis

The company experienced a significant deterioration in its cash position during the year. Cash and cash equivalents decreased from ₹401.46 lakhs at the beginning of the year to ₹4.49 lakhs at the end, representing a net decrease of ₹396.97 lakhs. Net cash from operating activities was negative at ₹449.73 lakhs, while financing activities provided a cash inflow of ₹52.75 lakhs primarily from borrowings.

Auditor's Qualified Opinion

K.P. Sahasrabudhe & Co., Chartered Accountants, issued a qualified opinion on the standalone financial statements. The auditors identified several material matters: the company has not accounted for accrued interest liability amounting to ₹6,434.68 lakhs from Agri-Tech (India) Limited as the matter is sub judice before the Supreme Court; the standalone financial statements have been prepared on a going concern basis despite ongoing litigation regarding Corporate Insolvency Resolution Process (CIRP); and the auditors are unable to express an opinion about the recoverability of advances of ₹5,320.70 lakhs granted for real estate development and R&D station.

Corporate Governance Notes

The notes to the financial statements reveal that the board of the company was reinstated by the National Company Law Appellate Tribunal (NCLAT) vide order dated December 15, 2025. However, the composition of the Board of Directors is not in accordance with SEBI (LODR) Regulations due to resistance from non-promoter shareholders. The company operates primarily in the real estate development segment and reported no investor complaints during the quarter. The previous statutory auditor resigned on February 11, 2026, following which K.P. Sahasrabudhe & Co. was appointed as the new statutory auditor.