TCFC Finance Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing mixed performance with quarterly losses offset by sustained nine-month profitability. The Mumbai-based investment company's results were approved by the Board of Directors on February 13, 2026, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Performance Analysis

The company reported a net loss of ₹5.25 lakhs for Q3 FY26, marking a significant reversal from the previous quarter's profit of ₹203.26 lakhs. This quarterly performance also contrasted with the loss of ₹51.46 lakhs recorded in Q3 FY25. Revenue from operations for the quarter reached ₹148.09 lakhs, primarily driven by net gain on fair value changes of ₹102.62 lakhs.

Nine-Month Financial Performance

Despite the quarterly setback, TCFC Finance maintained strong nine-month performance with a net profit of ₹372.11 lakhs for the period ended December 31, 2025. This represents a decline from ₹425.24 lakhs achieved in the corresponding nine-month period of the previous year. Total revenue from operations for the nine-month period stood at ₹628.68 lakhs compared to ₹592.62 lakhs in the previous year.

Revenue Components and Operational Highlights

The company's revenue structure for Q3 FY26 comprised interest income of ₹41.28 lakhs, dividend income of ₹4.20 lakhs, and net gain on fair value changes of ₹102.62 lakhs. Total expenses for the quarter amounted to ₹54.35 lakhs, including employee benefits expense of ₹21.80 lakhs and other expenses of ₹24.59 lakhs.

Balance Sheet Position

As of December 31, 2025, TCFC Finance's total assets increased to ₹11,715.20 lakhs from ₹11,341.36 lakhs as of March 31, 2025. The company's financial assets stood at ₹11,545.27 lakhs, with receivables constituting the largest component at ₹9,608.13 lakhs. Total equity reached ₹11,275.25 lakhs, reflecting the company's strong capital position.

Regulatory Compliance and Board Meeting Details

The Board Meeting was conducted on February 13, 2026, commencing at 15:30 p.m. and concluding at 15:45 p.m. The results were subject to limited review by statutory auditors Desai Saksena & Associates and were approved by the Audit Committee before Board approval. The company operates primarily in the investments segment, with its paid-up equity share capital remaining stable at ₹104.82 lakhs. The results have been disseminated on the company's website at www.tcfcfinance.com as per regulatory requirements.

TCFC Finance Limited, a non-banking financial company (NBFC), has received a significant regulatory approval from the National Company Law Tribunal (NCLT) for its proposed capital reduction scheme. The company had earlier reported strong financial results for the first quarter and announced key management changes.

NCLT Approves Capital Reduction Petition

The National Company Law Tribunal, Mumbai Bench, has admitted TCFC Finance's petition for capital reduction in its order dated December 5, 2025. The tribunal has scheduled the next hearing for March 20, 2026, and directed the company to comply with necessary procedural requirements.

The company seeks to reduce its issued, subscribed and paid-up equity share capital from ₹10.48 crores comprising 1,04,82,129 equity shares to ₹9.95 crores divided into 99,48,795 equity shares by cancelling 5,33,334 shares currently held by the company without any consideration.

Compliance Requirements

The NCLT has directed TCFC Finance to complete several procedural steps within seven days of the order:

• Serve notices to creditors in Form RSC-3 via registered post, speed post, hand delivery, or email
• Notify regulatory authorities including Ministry of Corporate Affairs, Registrar of Companies, Reserve Bank of India, and Income Tax authorities
• Publish notices in English (Financial Express) and regional language (Lakshadeep) newspapers
• File affidavit confirming dispatch and publication of notices

Stakeholders have three months from receipt of notice to submit representations or objections to the tribunal.

Strong Q1 Financial Performance

Earlier, the company had reported robust financial results for the first quarter ended June 30:

The company's total income improved significantly to ₹505.85 lakhs from negative ₹364.27 lakhs in the previous year's corresponding quarter. Profit after tax surged to ₹362.19 lakhs compared to a loss of ₹303.55 lakhs year-over-year.

Management Continuity

The Board of Directors had approved the re-appointment of Mrs. Tania Deol as Managing Director and Chief Executive Officer for a five-year term from July 1, 2026, to July 1, 2031, subject to shareholder approval at the Annual General Meeting.

TCFC Finance Limited operates primarily in the investments segment and continues to strengthen its position in the NBFC sector through strategic corporate actions and improved operational performance.