TCI Industries Limited has announced its unaudited financial results for the quarter ended 31st December 2025, showcasing a strong operational turnaround. The Board of Directors approved these results at their meeting held on 6th February 2026, with the financial statements prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors V. Singhi & Associates.

Strong Quarterly Performance

The company delivered impressive financial results for Q3FY26, marking a significant improvement across key metrics. The quarterly performance demonstrates effective operational management and business recovery.

Nine-Month Financial Highlights

The nine-month period ended 31st December 2025 reflects sustained improvement in the company's financial position. TCI Industries achieved profitability after experiencing losses in the corresponding period of the previous year.

Operational Efficiency and Cost Management

The company demonstrated improved cost management during the quarter. Total expenses for Q3FY26 were ₹119.46 lakhs compared to ₹161.79 lakhs in Q3FY25, representing a decrease of 26.18%. Key expense categories showed varied trends:

• Employee Benefits Expense: ₹29.85 lakhs (Q3FY26) vs ₹27.40 lakhs (Q3FY25)
• Finance Costs: ₹4.47 lakhs vs ₹5.54 lakhs in the previous year
• Other Expenses: ₹75.40 lakhs compared to ₹122.80 lakhs in Q3FY25

Business Segment and Capital Structure

TCI Industries operates in a single segment focused on income from rendering services by providing space for film shooting, rental income, TV serials and advertisements. The company's paid-up equity share capital remains stable at ₹90.67 lakhs with face value of ₹10 per share.

During the nine-month period, the company allotted 32,500 0% Non-Convertible Redeemable Preference Shares of ₹100 each at an issue price of ₹400 each, including a premium of ₹300. These preference shares are redeemable within 20 years at a premium of 18% per annum on the issue price.

Regulatory Compliance and Audit

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 6th February 2026. Statutory auditors V. Singhi & Associates conducted the mandatory review as required under Regulation 33 of SEBI Listing Regulations. The auditors confirmed that the financial statements comply with Indian Accounting Standards and disclosure requirements.

TCI Industries Limited has completed the allotment of 1,250 non-convertible redeemable preference shares (NCRPS) worth ₹5 crores to Transcorp Estates Private Limited, an entity belonging to the promoter and promoter group of the company. The allotment was approved by the Share Allotment Committee of the Board of Directors.

Share Allotment Details

The preference shares were issued on a private placement basis for cash consideration. The key financial parameters of the allotment are presented below:

The allotment was conducted pursuant to members' approval accorded through postal ballot on March 25, 2023, providing the necessary authorization for this private placement.

Terms and Conditions of NCRPS

The non-convertible redeemable preference shares come with specific terms and conditions that define their characteristics and rights:

Preferential Rights and Dividend Structure

• Carry preferential rights vis-a-vis equity shares for dividend payment and capital repayment
• Do not carry any dividend (0% dividend rate)
• Non-participating in surplus funds and assets
• Non-participating in surplus profits after capital repayment during winding up

Redemption and Conversion Features

• Non-convertible nature ensures no conversion to equity shares
• Redeemable at maximum premium of 18% simple per annum on issue price
• Maximum redemption value of ₹400.00 per share
• Redemption period within maximum 20 years from date of issue as per Companies Act, 2013
• Redemption at company's discretion in one or more tranches

Governance and Transfer Provisions

The preference shares are structured with specific governance features:

• Voting Rights: No voting rights conferred on preference shareholders
• Transferability: Limited to select group including promoters, promoter group entities, and related parties
• Modification: Terms and conditions may be varied subject to mutual agreement and applicable laws

Impact on Share Capital

Since the company allotted non-convertible redeemable preference shares, there is no change in the paid-up equity share capital of TCI Industries Limited. The shares will not be convertible into equity shares and accordingly will not be listed on any stock exchange.

The company has informed BSE Limited about this allotment, ensuring compliance with regulatory disclosure requirements under applicable regulations.