Tulsi Extrusions Limited Reports Q2 FY26 Results with Board Approval and Compliance Updates
Tulsi Extrusions Limited announced its Q2 FY26 financial results showing a net loss of ₹644.34 lakhs against revenue of ₹664.45 lakhs, with board approval on April 15, 2026, followed by mandatory newspaper publication on April 16, 2026, in Active Times and Mumbai Lakshdeep to complete regulatory disclosure requirements under SEBI regulations.

*this image is generated using AI for illustrative purposes only.
Tulsi Extrusions Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025, following board approval on April 15, 2026. The company, which recently emerged from liquidation proceedings, continues to face operational challenges while working to regularise compliance requirements.
Board Meeting Outcome and Regulatory Compliance
The Board of Directors approved the unaudited standalone financial results at a meeting held on April 15, 2026, from 5:00 PM to 5:40 PM. The results were submitted under Regulation 33 of the SEBI (Listing Obligations & Disclosures Requirements) Regulation, 2015, with KRA & Co., Chartered Accountants, providing the limited review report.
| Meeting Details: | Information |
|---|---|
| Date: | April 15, 2026 |
| Duration: | 5:00 PM to 5:40 PM |
| Auditor: | KRA & Co., Chartered Accountants |
| Regulation: | SEBI Regulation 33 |
Following the board approval, the company published its financial results in newspapers on April 16, 2026, in Active Times (English) and Mumbai Lakshdeep (Hindi), completing the regulatory disclosure requirements. The newspaper publication was communicated to both NSE and BSE through formal intimation letters.
Financial Performance Overview
The company's financial performance for Q2 FY26 presents a mixed picture with revenue growth accompanied by substantial losses:
| Metric: | Q2 FY26 | Q2 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹664.45 lakhs | ₹334.53 lakhs | +98.60% |
| Net Loss: | ₹644.34 lakhs | ₹338.31 lakhs | +90.50% |
| Basic EPS (non-annualised): | ₹(3.08) | ₹(1.61) | -91.30% |
| Equity Share Capital: | ₹2094.95 lakhs | ₹2094.95 lakhs | 0.00% |
Half-Year Performance Analysis
For the half-year period ended September 30, 2025, the company's performance showed deterioration compared to the previous year:
| Parameter: | H1 FY26 | H1 FY25 | Variance |
|---|---|---|---|
| Revenue from Operations: | ₹1719.47 lakhs | ₹172.18 lakhs | +898.70% |
| Net Loss: | ₹1138.32 lakhs | ₹538.38 lakhs | +111.40% |
| Basic EPS (non-annualised): | ₹(5.43) | ₹(2.57) | -111.30% |
| Total Comprehensive Income: | ₹(1138.32) lakhs | ₹(538.38) lakhs | +111.40% |
Regulatory Compliance and Revival Context
Tulsi Extrusions submitted a detailed clarification regarding the delayed submission of financial results, attributing the delay to its complex revival process from liquidation proceedings. The company underwent Corporate Insolvency Resolution Process followed by liquidation proceedings from December 2018 until December 2021. The Hon'ble National Company Law Tribunal, Mumbai Bench, issued an order dated May 01, 2023, directing the change in company status from "Under Liquidation" to "Active."
The current management, led by successful bidder Surender Kumar Bansal, has been working to regularise past compliances and restore the operational framework. The company has applications pending before the Hon'ble NCLT for approval of fresh equity share issuance and extinguishment of existing share capital structure.
Auditor Review and Stock Exchange Communication
KRA & Co., Chartered Accountants, conducted the limited review of the unaudited financial results. The auditors expressed an unqualified conclusion, stating that nothing came to their attention suggesting the financial statements were not prepared in accordance with applicable accounting standards and regulatory requirements.
The company maintains its listing on both NSE (Symbol: TULSI) and BSE (Scrip Code: 532948), with registered office at Plot No. N-99, MIDC Area, Jalgaon, Maharashtra. The financial results disclosure process was completed with newspaper publications and formal communications to stock exchanges, ensuring full regulatory compliance.
Will Tulsi Extrusions be able to achieve profitability despite the 898% revenue growth given the proportional increase in losses?
How will the pending NCLT approval for fresh equity issuance and share capital restructuring impact existing shareholders' ownership stakes?
What operational improvements is the new management implementing to address the widening gap between revenue growth and mounting losses?



























