Tarini International Ltd has notified BSE Limited about receiving court summons related to a Registrar of Companies (ROC) show cause notice, marking a significant legal development for the infrastructure company.

Court Summons Details

The company disclosed on 16th February 2026 that it, along with its Directors and Key Managerial Personnel (KMP), has received two summons from Dwarka District Court New Delhi. These summons pertain to a ROC show cause notice dated 27.03.2024 and a subsequent complaint.

Company's Response and Legal Position

Tarini International has stated that the matter is currently under legal review. The company plans to file an appropriate response to the summons in accordance with its legal rights and applicable law. This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact Assessment

Regarding the potential impact on operations, the company has provided a reassuring outlook:

• No material impact expected on financial operations
• No anticipated effect on other business activities
• Company describes the issues as "outcome of decade old persecution"

The disclosure indicates that while the legal matter requires attention, Tarini International does not expect it to significantly affect its business operations or financial performance. The company's characterization of the matter as relating to decade-old issues suggests this may be part of ongoing legacy legal proceedings.

Regulatory Compliance

The notification was signed by V Chandrashekhar, Managing Director of Tarini International Ltd, and submitted to BSE Limited as part of the company's regulatory disclosure obligations. The company has requested BSE to take note of this information on record, ensuring transparency with stakeholders and regulatory authorities.

Tarini International Limited , a company listed on the SME exchange, has reported a 22% increase in standalone profit for the six months ended September 30. However, this financial performance comes with several caveats and concerns raised by the company's auditors.

Financial Performance

The company posted a standalone profit of Rs 34.09 lakhs for the half-year period, up from Rs 27.98 lakhs in the corresponding period of the previous year. This represents a significant year-on-year growth of 22%. However, it's important to note that the company's revenue remained flat at Rs 99 lakhs for the period.

Auditor Concerns

The company's financial results come with several qualifications and matters of emphasis from the auditors, M. Modi & Associates:

1. Investment in Loss-Making Subsidiaries: The auditors have raised concerns about the company's investment of Rs 121.59 lakhs in subsidiary companies that have suffered recurring losses. The management maintains that these are long-term investments and no provision for diminution in value is necessary.

2. Asset Attachment: An asset of the company, a farmhouse, has been provisionally attached by the Enforcement Directorate. The company has obtained a stay against this attachment from the Delhi High Court.

3. SEBI Penalty: The company is appealing a Rs 505 lakhs penalty imposed by SEBI. The appeal has been admitted by the Supreme Court and is awaiting final hearing.

4. Compounding Applications: The company has filed compounding applications against show-cause notices received under various sections of the Companies Act, 2013. The outcomes are pending.

Financial Position

As of September 30, Tarini International reported the following key financial metrics:

Management's Stance

Despite the auditor's concerns, the management of Tarini International remains confident about the company's future operations. They have prepared financial statements on a going concern basis and believe in the long-term value of their investments in subsidiaries.

Investors and stakeholders should carefully consider these factors while assessing the company's financial health and future prospects. The ongoing legal and regulatory matters, as well as the performance of its subsidiaries, may have significant implications for Tarini International's future performance and valuation.