Tashi , a company primarily engaged in the financing business, has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The results, approved by the Board of Directors on November 5, 2025, reveal a substantial increase in profitability compared to the previous year.

Financial Highlights

*As of March 31, 2025

Key Takeaways

1. Profit Surge: Tashi reported a net profit after tax of ₹139.29 crore for the half-year ended September 30, 2025, marking a significant increase from ₹18.74 crore in the corresponding period of the previous year.

2. Improved Earnings Per Share: The company's earnings per share (EPS) rose to ₹18.76 for the current half-year, compared to ₹2.52 in the previous year, reflecting the substantial growth in profitability.

3. Asset Growth: Total assets increased to ₹1,982.94 crore as of September 30, 2025, up from ₹1,813.90 crore as of March 31, 2025, indicating an expansion of the company's financial position.

4. Liquidity Enhancement: Cash and cash equivalents rose to ₹455.33 crore from ₹390.15 crore, suggesting improved liquidity and financial flexibility.

Audit Review

The financial results were reviewed by the Audit Committee and received a limited review from the statutory auditors, as per regulatory requirements.

Investors and stakeholders may view these results as a positive indicator of Tashi's financial health and growth trajectory. However, it's important to note that these are half-yearly results, and the company's performance should be monitored over a longer period to assess sustained growth and profitability.

Investors are advised to conduct their own research and consider various factors before making investment decisions based on these financial results.

Tashi India Limited has undergone a significant change in its ownership structure as Vidarbha Tradelinks Private Limited (VTPL) increased its shareholding through an inter-se transfer of shares. This transfer was part of an NCLT-approved Scheme of Arrangement and involved no monetary consideration.

Key Details of the Transaction

Impact on Shareholding

The transfer has resulted in a significant shift in the ownership structure of Tashi India Limited. Vidarbha Tradelinks has increased its stake from 13.28% to 21.09%, while Bajaj Exports has completely exited its position in the company.

Regulatory Compliance

The transaction was executed under Regulation 10(1)(d)(iii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempts the acquirer from making an open offer, as the transfer is part of an inter-se transfer among qualifying persons.

VTPL has duly filed the required disclosures with the BSE Limited, adhering to Regulation 10(6) of the SEBI SAST Regulations. The company has also informed the stock exchange about the transaction details and the resulting changes in shareholding patterns.

Implications

This share transfer, sanctioned by the National Company Law Tribunal (NCLT), represents a significant corporate action for Tashi India Limited. While the immediate impact on the company's operations may be limited, the change in ownership structure could potentially influence future strategic decisions and corporate governance.

Investors and market participants should note that such inter-se transfers, while not involving direct market transactions, can still have implications for the company's ownership dynamics and potentially its long-term strategic direction.