Integrated Filing — IndAS



General information about company

Scrip Code 533203
NSE Symbol TARAPUR
MSEI Symbol NOTLISTED
ISIN INE747K01017
Name of company TARAPUR TRANSFORMERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 27-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing and repairs of transformers
Start date and time of board meeting 27-05-2026   16:00:00
End date and time of board meeting 27-05-2026   18:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 27-05-2026
Indicate Company website link for updated RPT policy of the Company https://www.tarapurtransformers.com/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 0.00 0.00
Other income 26.11 139.75
Total income 26.11 139.75
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 1.86 5.28
(e) Finance costs 24.45 100.50
(f) Depreciation, depletion and amortisation expense (2.69) 40.12
(f) Other Expenses
1 Other expenses 18.81 69.26
Total other expenses 18.81 69.26
Total expenses 42.43 215.16
3 Total profit before exceptional items and tax (16.32) (75.41)
4 Exceptional items 0.00 0.00
5 Total profit before tax (16.32) (75.41)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 109.24 109.24
9 Total tax expenses 109.24 109.24
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (125.56) (184.65)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (125.56) (184.65)
17 Other comprehensive income net of taxes (63.08) (65.17)
18 Total Comprehensive Income for the period (188.64) (249.82)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,950.00 1,950.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve (2,136.21)
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.64 -0.95
Diluted earnings (loss) per share from continuing operations -0.64 -0.95
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.64 -0.95
Diluted earnings (loss) per share from continuing and discontinued operations -0.64 -0.95
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 375.22
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
Total of other non-current financial assets
Total non-current financial assets 0.00
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 56.69
Total of other non-current assets 56.69
Total non-current assets 431.91
2 Current assets
Inventories 0.00
Current financial asset
Current investments 0.00
Trade receivables, current 0.00
Cash and cash equivalents 7.53
Bank balance other than cash and cash equivalents 23.84
Loans, current 0.00
Other current financial assets
Total of other current financial assets
Total current financial assets 31.37
Current tax assets (net) 0.00
Other current assets
1 Other current assets 700.28
Total of other current assets 700.28
Total current assets 731.65
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,163.56
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,950.00
Other equity (2,136.21)
Total equity attributable to owners of parent (186.21)
Non controlling interest
Total equity (186.21)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 0.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 63.46
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 63.46
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7.17
Total Trade payable 7.17
Other current financial liabilities
1 Other current financial liabilities 861.20
Total of other current financial liabilities 861.20
Total current financial liabilities 868.37
Other current liabilities 417.94
1 Other current liabilities 417.94
Total of other current liabilities 417.94
Provisions, current 0.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1,286.31
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,349.77
Total equity and liabilites 1,163.56
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 items that will be reclassified to profit and loss 0.00 (2.03)
Total Amount of items that will be reclassified to profit and loss 0.00 (2.03)
4 Income tax relating to items that will be reclassified to profit or loss 63.08 63.14
5 Total Other comprehensive income (63.08) (65.17)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (75.41)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 35.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 333.72
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 40.12
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 43.15
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (9.25)
Adjustments for dividend income 0.00
Adjustments for interest income 33.80
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 408.94
Net cash flows from (used in) operations 333.53
Dividends received 0.00
Interest paid 100.48
Interest received 0.00
Income taxes paid (refund) 109.24
Other inflows (outflows) of cash 76.72
Net cash flows from (used in) operating activities 200.53
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 1.27
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 11.66
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 33.80
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 20.74
Net cash flows from (used in) investing activities 64.93
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (169.68)
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 100.48
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (270.16)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (4.70)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (4.70)
Cash and cash equivalents cash flow statement at beginning of period 36.08
Cash and cash equivalents cash flow statement at end of period 31.38





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/S GRANDMARK & ASSOCIATES Yes 31-01-2027


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 139.75 139.75
2 Total Expenditure 324.42 391.92
3 Net Profit/(Loss) (184.67) (252.17)
4 Earnings Per Share -0.94 -1.29
5 Total Assets 1,163.56 1,163.56
6 Total Liabilities 1,349.76 1,417.26
7 Net Worth (186.23) (253.70)


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Repetitive Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Qualified opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Qualified opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Qualified opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Qualified opinion Repetitive Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)
9 Textual Information(41) Qualified opinion Repetitive Textual Information(42) Textual Information(43) Textual Information(44) Textual Information(45)


Text Block

Textual Information(1) The company has sent balance confirmation letters to parties who are not covered in the

register maintained under section 189 of the Companies Act, 2013, but in many of the

cases the company have not received written confirmation confirming the balance

outstanding as at March, 31, 2026.
Textual Information(2) NA
Textual Information(3) NA
Textual Information(4) Company has received balance confirmation from some of the

Companies and is rigorously following up with the rest of the

borrowers. Company expects to receive balance confirmation from

all the companies to whomsoever advances have been given.

Efforts are made to regularize arrears and recovery against

overdue principal and interest. The Documentation for these loans

and advances were not entered into at the time of granting the

loans. The impact of this cannot be given as it will not impact the

financials and is a procedural deficiency
Textual Information(5) Non-Satisfactory
Textual Information(6) Non-compliance of Ind AS 116 Leases



Company is paying lease rental for its registered office and one property at Pali. However as the lease term is more than 12 months in both the cases, the company needs to comply with Ind AS 116 and create a Right of Use of the leased Asset and a corresponding lease liability.



Since the information regarding EIR and amortization of lease rentals during the lease term is not available, the quantification of the RoU and lease liability cannot be quantified.
Textual Information(7) NA
Textual Information(8) NA
Textual Information(9) As the management was not aware of the accounting to be

done for lease as per Ind AS 116, it was not done, However,

in the subsequent period, the same will be complied with
Textual Information(10) Non-Satisfactory
Textual Information(11) With regards to No documentation of Loans & Advances granted Further in respect of loans granted, no documentation has been provided to us till date i.e. no loan agreements or MoUs has been provided to us for any of the loans granted which are either written off or still continuing in books. Our opinion on the standalone financial results for the year ended 31 March 2025 was also qualified in respect of this matter.
Textual Information(12) NA
Textual Information(13) NA
Textual Information(14) Management is in the process of entering into the paperwork

of the loans and advances given which are good
Textual Information(15) Non-Satisfactory
Textual Information(16) With Regards to breach of limits of section 186 of The Companies Act, 2013 The Company has advanced loans to parties of Rs. 457.77 lakhs (for which no provision is made) which is in excess of the limits prescribed under section 186 of the Companies Act, 2013. Details of the limits breached in terms of amount will be captured in the clause iv of the Companies (Auditor's Report) Order, 2020 forming Annexure-A of the detailed Audit Report to be attached along with annual report
Textual Information(17) NA
Textual Information(18) NA
Textual Information(19) These Loans and Advances have been given in the past when

the limits were adhered to and complied. However, now due

to losses the net worth of the company is getting eroded and

50 the limits have been breached. However the management

is committed to make efforts and recall these advances and

make good the non-compliance
Textual Information(20) Non-Satisfactory
Textual Information(21) Non-Compliance of section 194A of Income Tax Act, 1961 The Company has borrowed funds from a company named Abhivadan Properties Private Limited of Rs. 220.50 lakhs. The Balance as on March 31,206 is Rs. 247.52 lakhs and the interest provided for during the year is Rs. 33.67 lakhs on which the TDS as prescribed under section 194A @ 10% is not deducted and paid to the TDS Department. However, no TDS has been deducted on the interest provided. In light of the Income Tax Provisions, this interest will be disallowed and going by the effective tax rate applicable to the company of 25.17%, an amount of Rs. 10.10 lakhs will be disallowed and tax impact of the same will be Rs. 2.54 lakhs
Textual Information(22) Due to oversight of the.accounts team, the TDS was not deducted

and paid. The same will be complied in subsequent period. If not

paid, then the company will disallow the interest expenses as per

the provisions of the Income Tax Act, 1961
Textual Information(23) NA
Textual Information(24) NA
Textual Information(25) Non-Satisfactory
Textual Information(26) With regards to Going Concern principal of the Company

The net worth of the Company i.e. Share Capital plus Reserves Plus Securities Premium is negative Rs. 186.21 lakhs. Due to negative net worth, a material uncertainty exists that casts a significant doubt on the ability of the Company to continue as a going concern. Further, the management has not provided any disclosures regarding this in the results, and hence this point is qualified.

Textual Information(27) NA
Textual Information(28) NA
Textual Information(29) The Company has Land and Building and Plant & Machinery located at Pali , Vada, wherein the company is into theprocess of reviving the facility and restarting the operations, So although net worth is negative, the going concern doubt is not valid
Textual Information(30) Non-Satisfactory
Textual Information(31) With Regards to Contingent Liability As stated in Note 7 to the accompanying standalone financial results, the Company's contingent liabilities as at 31 March 2026 include certain contingent liabilities aggregating to Rs. 959.71 lakhs pertaining to litigations pending with various authorities, for which the Company's management has not been able to provide necessary evidence in relation to probability of outflow of resources embodying economic benefits.

In the absence of sufficient appropriate audit evidence, we are unable to comment upon the appropriateness and classification of the aforesaid amounts as provision or contingent liabilities as at 31 March 2026 in accordance with Ind AS 37, "Provisions, Contingent Liabilities and Contingent Assets" and the consequential impact, if any, on the accompanying statements.

Textual Information(32) The disputed dues pertaining to Karnataka Power Transmission

Corporation Limited and Sales Tax/MAHAVAT Department have

been contested and the matter is pending with the court for the

appointment of the arbitrator.
Textual Information(33) NA
Textual Information(34) NA
Textual Information(35) Non-Satisfactory
Textual Information(36) With Regards to Non-provision of Interest

The Company had borrowed funds from Gaganbase Vincom of Rs.3,00,00,000/- in May 2024 @ 18% per annum rate of interest. However, the Company has not been providing interest since January 2025 onwards till March 31,2026 amounting to Rs. 67.50 lakhs. The Company has also not made any provision for penal interest claimed by Gaganbase. As a result the loss for the year ended 31st March 2026 is understated by Rs. 67.50 Lacs & current liabilities as at 31st March, 2026 are also understated by Rs. 67.50 Lacs and reserves are overstated by Rs. 67.50 Lacs. The amount of penal interest cannot be quantified as the details have not been received from Gaganbase. Further, Gaganbase has confirmed the balance outstanding as on March 31, 2026

Textual Information(37) The Company has not been accruing and paying the interest as per

the repayment schedule. Due to financial difficulties, the company

has limited resources to survive and therefore the company has

requested Gaganbase to waiver the regular interest provision and

payment. Gaganbase has agreed to the same and has provided us

extension. The company had paid a lumpsum amount of Rs.30

lakhs in the month of march 2026. Further the balance as at March

31, 2026 is also being confirmed by Gaganbase.
Textual Information(38) NA
Textual Information(39) NA
Textual Information(40) Non-Satisfactory
Textual Information(41) With Regards to No Physical Verification of Property. Plant & Equipment

The Company has not conducted any physical verification of property, plant & equipment during the year ended March 31, 2026. Pending physical verification report of the property, plant & equipment, we are unable to comment on the authenticity of the amounts appearing in the Fixed Asset Register maintained by the company in respect of property, plant and equipment with aggregate gross block of Rs.22,86,31,108.67 and net block of Rs. 3,75,22,258.77 as at March 31, 2026.

Textual Information(42) NA
Textual Information(43) NA
Textual Information(44) As can be seen from the financial performance of the company, the company is in financial difficulties and is

working on a very thin manpower force. Due to thin manpower, the company does not has relevant skilled

manpower to conduct the physical verification of the fixed assets lying at the factory premises at Village Pali, Vada. However, Management is In the process of either hiring the manpower and getting the physical verification completed as soon as possible

Textual Information(45) Non-Satisfactory


Signatories detail

Name of CEO / Managing director NA
Name of CFO Vaishali Pawar
Name of audit committee chairman Michael Dalmet
Name of statutory auditor Rahul Drolia
Name of other signatory, if any, with designation Yash Betkar Executive Director
Place Mumbai
Date 27-05-2026


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 TARAPUR TRANSFORMERS LIMITED Tabassum Shaikh Non Executive Non Independent Director Remuneration Approved 0.60 0.00 0.00
2 TARAPUR TRANSFORMERS LIMITED Digambar Patil Non Executive Non Independent Director Remuneration Approved 0.61 0.00 0.00
3 TARAPUR TRANSFORMERS LIMITED Choudhary Global Limited Company of KMP Loan Approved 0.00 823.35 823.35
4 TARAPUR TRANSFORMERS LIMITED Yash betkar Executive Director Remuneration Approved 0.45 0.00 0.00
Total value of transaction during the reporting period 1.66