Twin Roses Trades & Agencies reported a net loss of ₹5.44 lakh for the financial year ended March 31, 2026 (FY26), widening from a loss of ₹2.73 lakh in the previous year. The company’s 41st Annual General Meeting is scheduled for September 30, 2026.

The trading firm posted total income of ₹19.68 lakh, a slight decline from ₹21.06 lakh in FY25. Expenses rose to ₹20.16 lakh from ₹18.48 lakh, resulting in an operating loss before tax of ₹0.48 lakh, compared to a profit before tax of ₹2.58 lakh last year.

Financial Performance

The deterioration in bottom-line results was primarily driven by tax adjustments. While the company incurred a pre-tax loss of ₹0.48 lakh, it recorded current tax expenses of ₹4.97 lakh. This contrasts with FY25, where the company had a pre-tax profit of ₹2.58 lakh but still reported a net loss due to higher tax provisions.

Interest income on bank deposits remained the sole revenue source, contributing ₹19.68 lakh, down marginally from ₹19.90 lakh in the prior year. Employee benefit expenses increased to ₹14.66 lakh from ₹12.72 lakh, while other expenses decreased slightly to ₹5.50 lakh from ₹5.76 lakh.

Balance Sheet and Liquidity

As of March 31, 2026, the company’s net worth stood at ₹281.90 lakh, down from ₹287.34 lakh at the end of FY25. The balance sheet shows a strong liquidity position with cash and cash equivalents rising to ₹5.52 lakh from ₹2.65 lakh.

Other financial assets, largely comprising bank deposits with original maturities exceeding 12 months, totaled ₹287.49 lakh, up from ₹282.11 lakh. Current liabilities increased significantly to ₹14.12 lakh from ₹0.43 lakh, driven by a rise in other financial liabilities to ₹13.65 lakh from ₹0.30 lakh.

What the Numbers Show

The company’s effective tax rate appears anomalous due to the small base of operations and specific disallowances. Despite reporting a pre-tax loss of ₹0.48 lakh, the company recognized current tax expenses of ₹4.97 lakh. The notes indicate that expenses disallowed for tax purposes amounted to ₹5.07 lakh, which is the primary driver of the tax liability exceeding the operational loss. This suggests that while core trading activities are minimal, statutory compliance costs and non-deductible expenses are impacting the final net loss figure disproportionately.

Corporate Governance

The Board has not recommended any dividend for FY26. Director Udaykumar C. Damani retires by rotation at the upcoming AGM and is eligible for re-appointment. The Board comprises four directors, all of whom attended all seven board meetings held during the year. The Audit Committee held six meetings, with full attendance from its members.

Twin Roses Trades & Agencies Limited reported a net loss of ₹5.44 lakh for the financial year ended March 31, 2026. This compares to a net profit of ₹2.73 lakh in the previous year ended March 31, 2025. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026 at a meeting held on May 21, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹2.19 lakh. Total income for the quarter stood at ₹4.68 lakh, while total expenses were ₹5.69 lakh. Revenue from operations remained at ₹0.00 for both the quarter and the full year, with other income contributing to the total income of ₹19.68 lakh for FY26, down from ₹21.06 lakh in the previous year.

The Board has not recommended any dividend for the financial year ended March 31, 2026. The auditors, N. J. Karia & Associates, issued an unmodified opinion on the audited financial results. The meeting commenced at 5:15 p.m. and concluded at 5:45 p.m. on May 21, 2026.

Financial Performance Summary

The company's cash and bank balances increased to ₹5.52 lakh as of March 31, 2026, from ₹2.65 lakh in the previous year. Total equity stood at ₹281.90 lakh, a decrease from ₹287.34 lakh in the prior year.