Triumph International Finance India Ltd held its 40th Annual General Meeting on September 29, 2026, adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting, conducted through Video Conferencing and Other Audio Visual Means, also approved the re-appointment of a director retiring by rotation.

The proceedings were chaired by Director Nagesh Vinayak Kutaphale. Company Secretary Namrata Maheswari confirmed the presence of the requisite quorum before the meeting commenced at 4:30 pm and concluded at 4:47 pm. All resolutions were passed through remote e-voting and voting by members present virtually.

Resolutions passed

Two ordinary resolutions were transacted during the meeting. The first involved the consideration and adoption of the company's financial reports for FY26. The second addressed the retirement of Mr. Dharmesh Joshi (DIN: 02568186), who offered himself for re-appointment as eligible.

Voting mechanism and scrutiny

The company provided an e-voting facility in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. Remote e-voting was open from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. Members who did not vote remotely could cast their votes electronically during the meeting itself.

Practicing Company Secretary Kavita Raju Joshi served as the scrutinizer for the voting process. The filing was submitted to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Triumph International Finance India Ltd reported a standalone net profit of ₹118.36 lakh for the quarter ended June 30, 2026 (Q1FY26), an increase of 20% from ₹98.33 lakh in the corresponding quarter of FY25. The company’s total income stood at ₹128.26 lakh, driven entirely by other income as revenue from operations remained at zero. Earnings per share (EPS) rose to ₹1.58 from ₹1.31 in the prior year period.

The board of directors approved the unaudited financial results on August 14, 2026. The consolidated net profit was marginally lower at ₹118.27 lakh compared to ₹98.27 lakh in Q1FY25. Total expenses for the standalone entity were ₹9.90 lakh, comprising employee benefits of ₹0.75 lakh and other expenses of ₹9.15 lakh.

Financial Performance

What the Numbers Show

The company’s profitability is entirely dependent on non-operating income. With zero revenue from operations and no cost of materials or finance costs disclosed, the reported net profit mirrors the growth in other income. This structure indicates that the entity is not currently engaged in active trading or core business operations, relying instead on interest or dividend receipts classified under other income.

Audit Qualifications and Regulatory Status

Statutory auditors Rawat & Associates issued a qualified opinion on the standalone and consolidated financial results. The qualification stems from multiple material uncertainties:

• Going Concern: The company prepared accounts on a going concern basis despite SEBI cancelling its stock broker registration and the National Stock Exchange declaring it a defaulter. The Supreme Court dismissed the company’s appeal against these actions.
• Asset Recoverability: Auditors flagged a ₹67.05 crore receivable from Classic Credit Limited (CCL) as doubtful, noting inadequate impairment provisions. Additionally, a ₹3.56 crore receivable from Panther Investrade Limited (PIL) lacks sufficient evidence of recoverability.
• Unrecognized Liabilities: The company has not recognized interest liability on a loan from Punjab National Bank (erstwhile Oriental Bank of Commerce) since April 1, 2011, despite claiming tax deductions for such interest. The financial impact of this unrecorded liability is not ascertainable.
• Director Restrictions: The Company Law Board has restrained directors from functioning in their roles, permitting them only to handle legal proceedings. This matter remains pending.

Management concurred with the auditors’ views, stating that the impact of these qualifications could not be quantified due to the uncertainty surrounding asset recoverability and legal outcomes.