Tusaldah Limited Resubmits CFO Appointment Details After Correcting Profile

2 min read     Updated on 11 Mar 2026, 03:26 PM
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Overview

Tusaldah Limited corrected and resubmitted its CFO appointment intimation to BSE, addressing typographical errors in Mr. Vipin Chaturvedi's professional profile. The seasoned finance professional with over 30 years of experience was originally appointed on March 9, 2026, following board approval based on committee recommendation.

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Tusaldah Limited, formerly known as High Street Filatex Limited, has resubmitted its Chief Financial Officer appointment intimation to BSE Limited on March 11, 2026, following the discovery of typographical errors in the original filing. The company had initially announced the appointment of Mr. Vipin Chaturvedi as CFO on March 9, 2026, but found it necessary to correct his professional profile details in the regulatory submission.

Corrected Filing and Regulatory Compliance

The resubmission was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged the typographical error in the profile of the proposed CFO and provided the corrected information to ensure accurate regulatory disclosure.

Parameter: Details
Original Appointment Date: March 9, 2026
Resubmission Date: March 11, 2026
Position: Chief Financial Officer (Key Managerial Personnel)
BSE Scrip Code: 531301
ISIN: INE319M01011

Board Meeting Details and Approval Process

The Board of Directors had convened through video conferencing on March 9, 2026, with the meeting commencing at 4:15 P.M. (IST) and concluding at 4:40 P.M. (IST). The appointment was approved based on the recommendation of the Nomination and Remuneration Committee, designating Mr. Chaturvedi as a Key Managerial Personnel of the company with effect from March 9, 2026.

Professional Profile and Experience

According to the corrected filing, Mr. Vipin Chaturvedi is a seasoned finance professional with over 30 years of experience driving financial strategy and operational excellence across the real estate and chemical manufacturing industries. His extensive background includes serving as Chief Financial Officer for a prominent real estate developer, where he oversaw RERA compliance, financial governance, and critical legal documentation.

Key Professional Competencies

Mr. Chaturvedi brings several critical competencies to Tusaldah Limited:

Expertise Area: Details
Leadership Experience: Group CFO-level roles with Pre-IPO readiness experience
Operational Skills: Working capital optimization and statutory compliance
Financial Management: Books finalization, cash flow management, revenue liaison
Corporate Restructuring: Partnership to Private Limited company conversions
Technical Proficiency: Tally ERP and MS Office applications

Regulatory Disclosures

The company has provided all required disclosures pursuant to SEBI Circular No. SEB/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The corrected filing confirms that Mr. Chaturvedi has no relationships with existing directors and holds no directorships in other listed entities.

Disclosure Requirement: Status
Relationships with Directors: NIL
Directorships in Listed Entities: NIL
SEBI Compliance: Complete with corrected profile
Documentation: Resubmitted to BSE Limited

The resubmission demonstrates Tusaldah Limited's commitment to accurate regulatory compliance and transparency in its corporate governance practices. The appointment strengthens the company's financial leadership team with an experienced professional capable of driving strategic financial objectives.

Historical Stock Returns for High Street Filatex

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-3.48%-15.20%-41.94%-14.29%+856.04%

Tusaldah Limited Reports Q3FY26 Loss of ₹18.10 Lakhs, Appoints New Company Secretary

2 min read     Updated on 13 Feb 2026, 09:02 AM
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Reviewed by
Naman SScanX News Team
Overview

Tusaldah Limited announced Q3FY26 financial results showing a net loss of ₹18.10 lakhs despite generating revenue of ₹11.86 lakhs from commodity trading operations. The company appointed Ms. Gazal Inani as Company Secretary and Compliance Officer effective February 12, 2026, while maintaining its focus on commodity trading segment.

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Tusaldah Limited , formerly known as High Street Filatex Limited, has announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a net loss of ₹18.10 lakhs. The company's board of directors convened on February 12, 2026, to approve the quarterly results and make key appointments.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results with limited operational activity:

Financial Metric: Q3FY26 Q3FY25 Change
Net Sales/Income: ₹11.86 lakhs ₹0.00 lakhs New activity
Other Income: ₹0.86 lakhs ₹0.00 lakhs New income
Total Income: ₹12.72 lakhs ₹0.00 lakhs Significant increase
Total Expenses: ₹30.63 lakhs ₹3.22 lakhs +851.55%
Net Loss: ₹18.10 lakhs ₹3.22 lakhs +462.11%

The company generated revenue of ₹11.86 lakhs from operations during the quarter, marking a return to business activity after no sales in the corresponding quarter of the previous year. However, total expenses surged to ₹30.63 lakhs, primarily driven by purchases of stock-in-trade worth ₹21.80 lakhs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Tusaldah Limited's performance showed:

Period Metric: 9M FY26 9M FY25 Variance
Total Income: ₹12.72 lakhs ₹391.47 lakhs -96.75%
Total Expenses: ₹56.69 lakhs ₹401.48 lakhs -85.88%
Net Loss: ₹43.97 lakhs ₹10.01 lakhs +339.26%

The nine-month comparison reveals a significant decline in business activity, with total income dropping by 96.75% compared to the same period in the previous year.

Key Appointment and Corporate Governance

The board approved the appointment of Ms. Gazal Inani as Company Secretary and Compliance Officer effective February 12, 2026. Ms. Inani is an Associate Member of the Institute of Company Secretaries of India (Membership No. A 23246) and brings expertise in company secretarial functions, statutory compliance, and corporate governance.

Segment-wise Performance

The company's business segments showed varied performance:

Business Segment: Q3FY26 Revenue Performance
Trading of Commodity: ₹11.86 lakhs Active operations
Manufacturing/Trading of Socks: ₹0.00 lakhs No activity
Trading of Yarn: ₹0.00 lakhs No activity

The trading of commodity segment remained the sole revenue generator during the quarter, while the traditional socks manufacturing and yarn trading segments showed no activity.

Financial Position and Compliance

Tusaldah Limited maintains its listing on BSE Limited under scrip code 531301 with ISIN INE319M01011. The company's paid-up equity share capital stands at ₹234.34 lakhs with a face value of ₹10 per share. The earnings per share (EPS) for the quarter was negative ₹0.77, compared to negative ₹0.50 in the corresponding quarter of the previous year.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with auditors expressing an unmodified opinion in their review report. The company continues to operate from its registered office in Jaipur while maintaining corporate operations in Mumbai.

Historical Stock Returns for High Street Filatex

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-3.48%-15.20%-41.94%-14.29%+856.04%

More News on High Street Filatex

1 Year Returns:-14.29%