| Scrip Code | 544799 |
|---|---|
| NSE Symbol | TURTLEMINT |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0OC301013 |
| Name of company | Turtlemint Fintech Solutions 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 | 17-07-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 14-07-2026 |
| 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 | Distribution of Financial Products |
| Start date and time of board meeting | 17-07-2026 15:30:00 |
| End date and time of board meeting | 17-07-2026 16:23:00 |
| 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 | Declaration of unmodified opinion |
| 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 | 25-08-2025 |
| Indicate Company website link for updated RPT policy of the Company | https://cdn.turtlemint.com/wp-content/uploads/20260127125443/TFSL_Related-Party-Transactions-Policy.pdf |
| 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 |
| Turtlemint Fintech Solutions Limited has not taken any external borrowings during the quarter and hence this is Not Applicable. | |
| 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 | 2,052.90 | 4,644.50 | |
| Other income | 111.00 | 836.70 | |
| Total income | 2,163.90 | 5,481.20 | |
| 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 | 3,534.80 | 14,274.50 |
| (e) | Finance costs | 22.40 | 106.60 |
| (f) | Depreciation, depletion and amortisation expense | 188.20 | 784.20 |
| (f) | Other Expenses | ||
| 1 | Impairment losses on financial instruments | 20.00 | (32.40) |
| 2 | Other expenses | 1,466.10 | 5,688.50 |
| Total other expenses | 1,486.10 | 5,656.10 | |
| Total expenses | 5,231.50 | 20,821.40 | |
| 3 | Total profit before exceptional items and tax | (3,067.60) | (15,340.20) |
| 4 | Exceptional items | (0.30) | (5,493.20) |
| 5 | Total profit before tax | (3,067.90) | (20,833.40) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 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 | (3,067.90) | (20,833.40) |
| 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 | (3,067.90) | (20,833.40) |
| 17 | Other comprehensive income net of taxes | (15.70) | (32.90) |
| 18 | Total Comprehensive Income for the period | (3,083.60) | (20,866.30) |
| 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 | 533.90 | 533.90 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 30,074.80 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -1.18 | -8.03 | |
| Diluted earnings (loss) per share from continuing operations | -1.18 | -8.03 | |
| 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 | -1.18 | -8.03 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -1.18 | -8.03 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. Turtlemint Fintech Solutions Limited (the ‘Company’) has prepared standalone audited financial results (the 'Statement') for the quarter and year ended March 31, 2026 in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the ‘Listing Regulations, 2015’) and the Accounting Standards specified under section 133 of the Companies Act, 2013 read with the Companies (‘Indian Accounting Standards’ / ‘IND AS’) Rules, 2015 as amended and the relevant provision of the Companies Act, 2013, as applicable. 2. The shareholders of the Company approved the conversion of the Company from a private limited company to a public limited company through a special resolution passed at the Extraordinary General Meeting held on May 23, 2025. Consequently, the name of the Company was changed to Turtlemint Fintech Solutions Limited, and a fresh Certificate of Incorporation was issued by the Registrar of Companies on June 05, 2025. 3. The Standalone Audited Financial Results of the Company for the quarter and year ended March 31, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on July 17, 2026 . 4. These standalone audited financial results for the quarter and year ended March 31, 2026 have been subjected to audit by the Statutory Auditors of the Company and the auditors have issued an unmodified audit report. 5. The figures for the quarter ended March 31, 2026 and quarter ended March 31, 2025 are the balancing figures between the audited figures for the year ended March 31, 2026 and March 31, 2025, respectively and audited figures for the nine months ended December 31, 2025 and nine months ended December 31, 2024, respectively. Audit for the nine months ended December 31, 2025 and nine months ended December 31, 2024 was conducted for the purpose of IPO filing. Further, the figures for the quarter ended December 31, 2025 are the balancing figures between the audited figures for the nine months period ended December 31, 2025 and six months period ended September 30, 2025. Audit for the six months period ended September 30, 2025 was also conducted for the purpose of IPO filing. 6. Exceptional items - includes following – IPO Related expenses – 0.03 Mn. for the quarter ended March 31, 2026 and 24.11 Mn. for the year ended march 31, 2026 Financial Instruments related expenses is nil for the quarter ended March 31, 2026 and 525.18 for the year ended March 31, 2026. (i) During the year ended March 31, 2026, the Company incurred costs in connection with its Initial Public Offering (“IPO”). In accordance with Ind AS 32 Financial Instruments: Presentation, only those IPO-related costs that are incremental and directly attributable will be adjusted against security premium balance/ recoverable from selling shareholders. Costs that do not meet this criterion, are charged to the Statement of Profit and Loss. Accordingly, IPO-related costs amounting to INR 24.14 million have been recognised as Exceptional Items for the year ended March 31, 2026 and INR 0.03 million for the quarter ended March 31, 2026, as these expenses are non-recurring in nature and do not arise from the Company’s ordinary operating activities. Further, certain IPO-related costs amounting to INR 201.83 million, which are directly attributable to the issuance of equity instruments under IPO, have been disclosed in Other Current Assets under Prepaid Expenses. (ii) The Board of Directors of the Company at its meeting held on July 12, 2025 and Shareholders of the Company in their extraordinary general meeting held on July 17, 2025, approved a bonus issue of 500 equity shares for every equity share held by the equity shareholders of the Company as of July 12, 2025. Accordingly, the Board of Directors of the Company has, pursuant to the resolution dated July 21, 2025, made an allotment of 52,636,000 bonus equity shares of INR. 1/- each to its equity shareholders utilising securities premium account balance. Consequent to the bonus issue to the equity shareholders, the Board of Directors at its meeting held on August 12, 2025 and Shareholders of the Company in their extraordinary general meeting held on August 14, 2025, approved to adjust the conversion ratio of Seed Round CCPS, Series A CCPS, Series B CCPS, Series C CCPS, Series C1 CCPS, Series C2 CCPS, Series D CCPS, Series D1 CCPS, Series D2 CCPS and Series E CCPS to give an impact of the bonus issue referred above. Furthermore, the shareholders of the Company entered into the first amendment to the Series E amended and restated shareholders’ agreement ('the agreement') wherein the conversion ratio were agreed to be modified and adjusted downwards to 477:1 on the filling of the Pre-filled Draft Red Herring Prospectus (PDRHP) and further changed pursuant to the Board resolution dated May 28, 2026 approving the draft filing of Updated Draft Red Herring Prospectus-II (UDRHP-II). Consequently, the conversion ratio was revised to 463:1 for Seed Round CCPS, Series A CCPS, Series B CCPS, Series C CCPS, Series D CCPS, Series D1 CCPS, Series D2 CCPS and Series E CCPS, 622.5437:1 for Series C1 CCPS and 511.5499:1 for Series C2 CCPS. The approval of UDRHP-II and the revised conversion ratio resulted in an increase in the shareholding of the existing equity shareholders of the Company. Such increase has been accounted as an expense amounting to INR 525.18 million during the year ended March 31, 2026 and presented under 'Exceptional items' in the statement of consolidated audited financial results for the year ended March 31, 2026. Vide Board resolution dated May 28, 2026, all CCPS holders converted their CCPS into equity shares at the aforesaid agreed conversion ratio. 7. Earnings per share for the quarters are not annualised. 8. As a consequence of the transaction described in Note 6(ii), the number of shares used for the calculation of basic and diluted earnings per share, and the earnings per share (including that in the comparative periods), have been adjusted for pursuant to Paragraph 64 of Ind AS 33 - Earnings Per Share, prescribed under Section 133 of the Companies Act, 2013. 9. No stock options were granted during the quarter ended March 31, 2026. However, during the year ended March 31, 2026, the Company granted 3,633,174 stock options under the Employee Stock Option Scheme 2025. These options are convertible into an equal number of equity shares of the Company having a face value of INR 1 each and were approved by the Nomination and Remuneration Committee (NRC) for grant to eligible employees of the Company and its subsidiaries. The share-based payment expense recognized for the quarter and year ended March 31, 2026 amounted to INR 54.21 million and INR 210.73 million, respectively. 10. No stock options were allotted during the quarter ended March 31, 2026. However, during the year ended March 31, 2026, the Company allotted 647,733 Equity Shares to the eligible Employees pursuant to the exercise of options under the approved employee stock option schemes. 11. The Government of India has notified the Code on Social Security, 2020 (“Social Security Code”); the Occupational Safety, Health and working conditions Code 2020; the Industrial Relations Code 2020 and the Code on Wage, 2019 (collectively, the Labour Codes”) on November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to Labour codes. In accordance with Ind AS 19 – Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with guidance issued by the Institute of Chartered Accountants of India. The implementation of the Labour Codes has not resulted in any material impact in the financial statements for the year ended March 31, 2026 and for the quarter ended March 31, 2026. The Company continues to monitor the finalization of Central and State Rules as well as Government clarifications on other aspects of the Labour Codes and will incorporate appropriate accounting treatment based on these developments as required. 12. Subsequent to the year ended March 31, 2026 and pursuant to board resolution dated March 26, 2026, the company has entered into an agreement with the Trifecta Venture Debt Fund - III and Trifecta Venture Debt Fund - IV on March 27, 2026 for an amount up to INR 1,000 million to be received against issuance of 13.75% Non-convertible Debentures (NCDs), interest payable at the end of each month with additional coupon payments at 0.06% on Debenture subscription amount (i.e. amount of funds raised via debentures) at the end of each quarter, wherein initial 8 months will be principal moratorium period. The Debentures will be issued in two tranches, Tranche A of INR 500 million to be received on or before April 10, 2026, and Tranche B up to INR 500 million on or before June 30, 2026. The first tranche of these debenture borrowings will be repayable within 36 months from the debentures issue date and redemption of second tranche will be co-terminus with first tranche. These NCDs creates first charge over all the assets of the company and its subsidiary Turtlemint Mutual Funds Distributors Private Limited, both present and future, and second charge over all the assets of its subsidiary company Turtlemint Insurance Broking Services Private Limited, both present and future. On April 06, 2026, Company has drawn INR 500 million against the Tranche A of these NCDs. 13. Subsequent to the year ended March 31, 2026, the Company has completed Initial Public Offer (IPO) of 58,070,398 equity shares of face value of INR 1 each at an issue price of INR 152 per share, comprising of fresh issue of 43,468,552 shares, issued at an offer price of INR 152 per equity share to all the allottees amounting to INR 6,607.22 million and offer for sale of 14,601,846 equity shares by the selling shareholders aggregating to INR 2,219.48 million. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on June 29 ,2026. Accordingly, the financial results for the period prior to quarter and year ended March 31, 2026 are drawn up for the first time. The Company was not mandatorily required to prepare and publish quarterly results for the quarter ended December 31, 2025 and March 31, 2025 in accordance with the regulations. 14. As per Ind AS 108 – Operating Segments, the Company is required to disclose segment information in its financial statements. However, as permitted by paragraph 4 of Ind AS 108, this requirement does not apply to standalone financial statements if the entity is a parent, and prepares consolidated financial statements in the same financial report in which segment information is disclosed in accordance with this Standard. Accordingly, the Company has presented segment information in its consolidated financial statements and results and has not separately disclosed segment information in these standalone financial statements. 15. All amounts disclosed in the standalone audited financial results have been rounded off to the nearest million, except earnings per share and where otherwise stated. 16. These standalone financial results are available on the website of BSE Limited ('BSE') (www.bseindia.com), National Stock Exchange of India Limited ('NSE') (www.nseindia.com) and Company's website (www.turtlemint.com). 17. Figures for the previous year have been regrouped/reclassed wherever necessary, to correspond with the current year's classifications and disclosures. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 1,239.10 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 26.20 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 19,360.70 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 299.60 |
| Total of other non-current financial assets | 299.60 | |
| Total non-current financial assets | 19,660.30 | |
| Deferred tax assets (net) | ||
| Other non-current assets | ||
| 1 | Income tax assets (net) | 854.10 |
| 2 | Other non-current assets | 6.30 |
| Total of other non-current assets | 860.40 | |
| Total non-current assets | 21,786.00 | |
| 2 | Current assets | |
| Inventories | 0.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 3,304.10 | |
| Cash and cash equivalents | 1,963.90 | |
| Bank balance other than cash and cash equivalents | 4,557.10 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 27.40 | |
| Total current financial assets | 9,852.50 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Other current assets | 3,689.00 |
| Total of other current assets | 3,689.00 | |
| Total current assets | 13,541.50 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 35,327.50 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 691.30 | |
| Other equity | 30,074.80 | |
| Total equity attributable to owners of parent | 30,766.10 | |
| Non controlling interest | ||
| Total equity | 30,766.10 | |
| 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 | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Lease Liabilities | 388.80 |
| Total of other non-current financial liabilities | 388.80 | |
| Total non-current financial liabilities | 388.80 | |
| Provisions, non-current | 494.80 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 883.60 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 0.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 363.40 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 875.60 | |
| Total Trade payable | 1,239.00 | |
| Other current financial liabilities | ||
| 1 | Lease Liabilities | 635.00 |
| 2 | Other current financial liabilities | 879.20 |
| Total of other current financial liabilities | 1,514.20 | |
| Total current financial liabilities | 2,753.20 | |
| Other current liabilities | 703.00 | |
| 1 | Other current liabilities | 703.00 |
| Total of other current liabilities | 703.00 | |
| Provisions, current | 221.60 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | ||
| Total current liabilities | 3,677.80 | |
| 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 | 4,561.40 | |
| Total equity and liabilites | 35,327.50 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | |||||||
| 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 | ||
| 1 | Remeasurements of gains/(losses) of defined benefit plans | (15.70) | (32.90) |
| Total Amount of items that will not be reclassified to profit and loss | (15.70) | (32.90) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (15.70) | (32.90) |
| 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 | (20,833.40) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 106.60 | |||||
| Adjustments for decrease (increase) in inventories | 0.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 1,311.80 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (2,892.40) | |||||
| 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 | 86.30 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 287.10 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 409.60 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 784.20 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | (32.40) | |||||
| Adjustments for provisions, current | (1.50) | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | (633.20) | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 802.70 | |||||
| Adjustments for share-based payments | 2,107.30 | |||||
| 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 | 226.30 | |||||
| Other adjustments to reconcile profit (loss) | (9.20) | |||||
| Other adjustments for non-cash items | 5,251.80 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 6,199.60 | |||||
| Net cash flows from (used in) operations | (14,633.80) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 196.10 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (14,829.90) | |||||
| 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 | 7,500.00 | |||||
| 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 | 15.80 | |||||
| Purchase of property, plant and equipment | 175.00 | |||||
| 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 | 0.10 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 662.90 | |||||
| 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 | 1,374.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 16,647.70 | |||||
| Net cash flows from (used in) investing activities | 11,025.30 | |||||
| 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 | 13.80 | |||||
| Proceeds from issuing other equity instruments | 299.70 | |||||
| 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 | 0.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 661.60 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (279.40) | |||||
| Net cash flows from (used in) financing activities | (627.50) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (4,432.10) | |||||
| 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 | (4,432.10) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 6,396.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 1,963.90 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's 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 | Yes |
| 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 | S.R. Batliboi & Co. LLP | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|
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 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Turtlemint Mutual Funds Distributors Private Limited | Wholly owned subsidiary | Investment | Not Applicable | 12.20 | 955.80 | 968.00 | |||||||||||||||||
| 2 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Turtlemint Mutual Funds Distributors Private Limited | Wholly owned subsidiary | Any other transaction | Lease Rental Income | Not Applicable | 4.60 | 0.00 | 0.10 | ||||||||||||||||
| 3 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Turtlemint Mutual Funds Distributors Private Limited | Wholly owned subsidiary | Sale of goods or services | Not Applicable | 83.50 | 218.40 | 86.30 | |||||||||||||||||
| 4 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Turtlemint Insurance Broking Services Private Limited | Wholly owned subsidiary | Investment | Not Applicable | 253.70 | 18,139.00 | 18,392.70 | |||||||||||||||||
| 5 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Turtlemint Insurance Broking Services Private Limited | Wholly owned subsidiary | Sale of goods or services | Not Applicable | 2,270.00 | 2,100.80 | 2,923.30 | |||||||||||||||||
| 6 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Dinanath Mohandas Dubhashi | Independent Director | Remuneration | Not Applicable | 20.90 | 0.00 | 0.00 | |||||||||||||||||
| 7 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Alok Chandra Misra | Independent Director | Remuneration | Not Applicable | 20.90 | 0.00 | 0.00 | |||||||||||||||||
| 8 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Anup Wadhawan | Independent Director | Remuneration | Not Applicable | 20.90 | 0.00 | 0.00 | |||||||||||||||||
| 9 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Mohua Sengupta | Independent Director | Remuneration | Not Applicable | 20.90 | 0.00 | 0.00 | |||||||||||||||||
| 10 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Badrinarayan Sanjeevi | Chief Financial Officer | Remuneration | Not Applicable | 65.90 | 0.00 | 0.00 | |||||||||||||||||
| 11 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Dhirendra Mahyavanshi | Managing Director and Chief Executive Officer | Remuneration | Not Applicable | 75.00 | 0.00 | 0.00 | |||||||||||||||||
| 12 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Anand Prabhudesai | Executive Director and Chief Operating Officer | Remuneration | Not Applicable | 74.90 | 0.00 | 0.00 | |||||||||||||||||
| 13 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Prashant Saini | Company Secretary | Remuneration | Not Applicable | 39.90 | 0.00 | 0.00 | |||||||||||||||||
| 14 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Badrinarayan Sanjeevi | Chief Financial Officer | Any other transaction | Share-based payment transactions | Not Applicable | 113.10 | 0.00 | 0.00 | ||||||||||||||||
| 15 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Prashant Saini | Company Secretary | Any other transaction | Share-based payment transactions | Not Applicable | 11.50 | 0.00 | 0.00 | ||||||||||||||||
| 16 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Dhirendra Mahyavanshi | Managing Director and Chief Executive Officer | Any other transaction | Reimbursement of Expenses | Not Applicable | 0.20 | 0.00 | 0.00 | ||||||||||||||||
| 17 | Turtlemint Fintech Solutions Limited (formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) | Anand Prabhudesai | Executive Director and Chief Operating Officer | Any other transaction | Reimbursement of Expenses | Not Applicable | 1.00 | 0.00 | 0.00 | ||||||||||||||||
| 18 | Turtlemint Insurance Broking Services Private Limited | Prashant Saini | Company Secretary | Remuneration | Not Applicable | 1.50 | 0.00 | 0.00 | |||||||||||||||||
| Total value of transaction during the reporting period | 3,090.60 | ||||||||||||||||||||||||