TPI India Limited , a manufacturer of polymer-based products, has disclosed its unaudited financial results for the quarter ended September 30, 2025, revealing a concerning financial situation. The company's Board of Directors approved these results in a meeting held on November 13, 2025.

Financial Distress

The quarterly results have brought to light a critical issue facing TPI India:

• The company's accumulated losses have completely exceeded its share capital and reserves.
• This has resulted in a complete erosion of the company's net worth, indicating significant financial distress.

Auditors' Concerns

The gravity of the situation is further emphasized by the auditors' report:

• Auditors have raised concerns about the company's going concern assumption.
• This highlights the severe financial challenges TPI India is currently facing.

Board Meeting Details

Company Information

The complete erosion of net worth raises serious questions about TPI India's financial stability and future operations. Stakeholders, including investors and creditors, may need to closely monitor the company's plans for addressing this critical situation.

As the polymer-based products manufacturer navigates these challenging times, it remains to be seen what steps the management will take to improve the company's financial health and restore stakeholder confidence.

TPINDIA recently witnessed a significant change in its promoter shareholding as Bharat C Parekh, a key promoter of the company, sold a substantial portion of his stake through open market transactions.

Transaction Details

Parekh divested a total of 15,00,000 equity shares, representing 3.49% of TPINDIA's total voting capital. The sale was executed over two consecutive days:

• September 24, 2025: 5,00,000 shares
• September 25, 2025: 10,00,000 shares

Impact on Shareholding

Following this transaction, Bharat C Parekh's shareholding in TPINDIA has undergone a notable change:

Despite this reduction, Parekh remains a significant shareholder in the company, retaining over half of TPINDIA's voting rights.

Company Overview

TPINDIA's total equity share capital stands at 4,29,63,470 shares, which remains unchanged following this transaction.

Regulatory Compliance

In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Bharat C Parekh has duly informed both the stock exchange and TPINDIA about this transaction. This disclosure ensures transparency in the shareholding patterns of listed entities, particularly when it involves promoter group members.

The sale of shares by a promoter often attracts market attention, as it can be perceived as a signal about the company's future prospects or the promoter's confidence. However, it's important to note that there can be various reasons for such transactions, including personal financial planning or portfolio rebalancing, and they do not necessarily reflect on the company's performance or outlook.