Twentyfirst Century Management Services reports loss in FY26
Twentyfirst Century Management Services reported a widened net loss of ₹22.05 crore for FY26 against a loss of ₹0.10 crore in FY25, driven by losses in capital market operations. The Board has proposed increasing the Managing Director's remuneration to ₹60 lacs per annum and sought approval for related party transactions worth up to ₹80 crore.
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Twentyfirst Century Management Services Limited reported a net loss of ₹22.05 crore for the financial year ended March 31, 2026, widening from a loss of ₹0.10 crore in the previous year. The company’s total comprehensive loss for the period stood at ₹26.71 crore, compared to a loss of ₹10.38 crore in FY25.
The company’s revenue from operations was negative at ₹19.75 crore, primarily due to losses from capital market operations. Other income for the year stood at ₹0.07 crore. The total expenses for the year were ₹23.07 crore. The paid-up equity share capital remained unchanged at ₹10.50 crore.
Financial Performance
The standalone financial results for the year highlight the volatility in the company’s core trading and investment activities. The profit before tax was a loss of ₹21.98 crore. The company did not declare any dividend for the financial year 2025-26.
| Metric | FY26 (₹ in lacs) | FY25 (₹ in lacs) |
|---|---|---|
| Revenue from Operations | (1,974.88) | 622.19 |
| Other Income | 7.37 | 12.73 |
| Total Income | (1,967.51) | 634.92 |
| Total Expenses | 230.72 | 255.20 |
| Net Profit/(Loss) | (2,204.91) | (9.90) |
| Total Comprehensive Income | (2,671.45) | (1,037.46) |
Board Proposals and AGM
The Board of Directors has recommended the re-appointment of Shri Sundar Iyer, who retires by rotation at the upcoming Annual General Meeting (AGM). The AGM is scheduled to be held on September 3, 2026, through video conferencing.
Shareholders will vote on a special resolution to revise the remuneration of Mr. Karthik Sundar Iyer, Managing Director, increasing it from ₹30 lacs per annum to ₹60 lacs per annum effective from April 1, 2026. Another resolution seeks approval for the continuation of remuneration payable to Shri Sundar Iyer, Whole-time Director & CEO, at ₹60 lacs per annum.
Related Party Transactions
The company has sought shareholder approval for related party transactions for the financial year 2026-27. These include brokerage services, business center charges, and interest-free short-term loans from directors and its subsidiary, Twentyfirst Century Shares and Securities Limited.
| Related Party | Transaction Type | Limit/Value |
|---|---|---|
| SI Investments and Broking Private Limited | Brokerage Services | Upto ₹150 lacs |
| Lubricants & Allied Products Mfg. Co. Pvt. Ltd. | Business Center Charges | ₹23,000 per month |
| Twentyfirst Century Shares and Securities Limited | Business Services | ₹50,000 per month |
| Mr. Sundar Iyer | Interest Free Short Term Loans | Borrowings upto ₹1000 lacs |
| Mr. Karthik Sundar Iyer | Interest Free Short Term Loans | Borrowings upto ₹2000 lacs |
The statutory auditors, M/s Shankar & Kishor, have issued an unmodified opinion on the company’s internal financial controls over financial reporting.
Historical Stock Returns for Twentyfirst Century Management Svcs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +12.04% | +7.50% | -9.88% | -37.65% | +65.79% |
What specific risk management strategies will the company implement to stabilize revenue from capital market operations?
How will the company justify the proposed 100% increase in the Managing Director's remuneration amidst a widening net loss?
What are the intended utilization plans for the significant interest-free short-term loans sought from directors?
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