Tejassvi Aaharam Limited reported a net loss of ₹100.04 lakh for the financial year ended March 31, 2026, compared to a loss of ₹72.64 lakh in the previous year. The company's total income from operations for the year stood at ₹8,208.03 lakh, a significant increase from ₹1,792.45 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹40.09 lakh on a total income of ₹1,417.53 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The statutory auditors have expressed an unmodified opinion on the financial statements. The results were reviewed by the audit committee and subsequently published in the Trinity Mirror and Makkal Kural newspapers on June 2, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company undertook trading activities involving the purchase and sale of goods at low profit margins during the financial year as part of strategic business development initiatives. However, following the execution of a Share Purchase Agreement dated February 13, 2026, and the identification of alternate growth opportunities, including a proposed acquisition by new investors, the company has wound down these trading activities. The future course of the company's activity will depend on the business strategy of the new management upon the successful completion of an open offer.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for designated persons remains closed. The restriction, which began on April 1, 2026, will stay in effect until 48 hours after the declaration of the financial results.

The open offer for Tejassvi Aaharam Limited, initiated by a group of acquirers, has concluded with the acceptance of only one equity share. The offer, managed by Saffron Capital Advisors Private Limited, was made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers included Prasanna Natarajan, Rajat Chakra Credit & Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments & Consultancy Private Limited, along with Rajalakshmi Natarajan as the Person Acting in Concert (PAC).

The offer aimed to acquire up to 70,00,000 equity shares of ₹10 each for cash at a price of ₹10 per share, aggregating up to ₹7 crore. This represented 12.04% of the emerging voting share capital of the target company on a fully diluted basis. The offer opened on April 28, 2026, and closed on May 12, 2026, with the date of payment of consideration scheduled for May 20, 2026.

Offer Outcome

According to the Post Offer Advertisement, the actual response from public shareholders was minimal. While the offer size was proposed at ₹7,00,00,000 assuming full acceptances, the actual amount paid was ₹10. Only one equity share was tendered in dematerialized form and subsequently accepted by the acquirers.

Shareholding Details

The acquirers, along with the PAC, held Nil shares prior to the agreements. The offer was triggered by a proposed preferential issue of 4,21,97,154 equity shares, which was pending approval from BSE Limited at the time of the offer. Consequently, the post-offer shareholding of the acquirers and the PAC remained negligible, with only one share acquired through the open offer.

The public shareholding pre-offer stood at 70,00,000 shares, representing 100% of the existing voting share capital. Following the open offer, the public shareholding was recorded at 69,99,999 shares, representing 12.04% of the emerging voting share capital. The remaining shares are proposed to be allotted to other shareholders of the transferor company via a preferential issue, subject to regulatory approvals.