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.

Techindia Nirman Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate for the quarter ended 31st March 2026. The submission was made on 15th April 2026 to both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The compliance certificate was issued by Bigshare Services Private Limited, which serves as the registrar and share transfer agent for Techindia Nirman Limited. The certificate confirms adherence to specific regulatory requirements governing the dematerialization process of securities.

Certificate Confirmations

The compliance certificate provides several key confirmations regarding the company's securities handling processes. Bigshare Services confirmed that all securities received from depository participants for dematerialization up to 31st March 2026 were properly processed and confirmed to the depositories through acceptance or rejection procedures.

The registrar also verified that all dematerialized securities were handled according to prescribed protocols:

• Security certificates received for dematerialization were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All processing was completed within the mandatory 15-day timeframe from receipt of security certificates

Regulatory Framework

The submission follows SEBI's regulatory framework established through multiple circulars and guidelines. The compliance requirement stems from SEBI regulations designed to ensure proper handling of dematerialized securities and maintain transparency in the depository system.

Corporate Communication

Sunil Dixit, Chief Financial Officer of Techindia Nirman Limited, signed the submission letter on behalf of the company. The communication was addressed to the listing departments of both stock exchanges, ensuring compliance with dual listing requirements and maintaining transparency with regulatory authorities.