INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol TUNWAL
MSEI Symbol NOTLISTED
ISIN INE0OXV01027
Name of Company TUNWAL E-MOTORS LIMITED
Type of company SME
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 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment MANUFACTURING E VEHICLES
Start date and time of board meeting 14-11-2025   11:00:00
End date and time of board meeting 14-11-2025   14:00:00
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
(III) 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 18-03-2024
Indicate Company website link for updated RPT policy of the Company https://www.tunwal.com/media/9-POLICIES/POLICY%20ON%20DEALING%20WITH%20RELATED%20PARTY%20TRANSACTIONS.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
The Company has not defaulted in payment of interest/ instalment obligations on loans, including revolving facilities like cash credit, from banks/ nancial institutions and unlisted debt securities. Hence this is Not applicable on the Company for the reporting half year


Financial Results — Other than Bank

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 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 14,438.70 14,438.70
Other income 84.65 84.65
Total Income 14,523.35 14,523.35
2 Expenses
(a) Cost of materials consumed 13,480.39 13,480.39
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,106.11) (2,106.11)
(d) Employee benefit expense 240.09 240.09
(e) Finance costs 89.17 89.17
(f) Depreciation and amortisation expense 59.65 59.65
(g) Other Expenses
1 Advertisement Expenses and office expenses 129.69 129.69
2 Audit Fees and Professional fees 47.72 47.72
3 Power, Fuel, Insurance Expenses 43.59 43.59
4 Rent Rates and Taxes 155.94 155.94
5 Import Expenses Direct 463.33 463.33
6 Transport Direct Expenses 682.65 682.65
7 R&D Expenses 9.44 9.44
8 Warranty Claim 61.79 61.79
9 Travelling and Conveyance Expenses 11.95 11.95
10 Miscellaneous Expenses 18.10 18.10
Total other expenses 1,624.20 1,624.20
Total expenses 13,387.39 13,387.39
3 Profit before exceptional and extraordinary items and tax 1,135.96 1,135.96
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 1,135.96 1,135.96
6 Extraordinary items 0.00 0.00
7 Profit before tax 1,135.96 1,135.96
8 Tax Expense
Current tax 267.98 267.98
Deferred tax 17.92 17.92
Total tax expenses 285.90 285.90
9 Net Profit Loss for the period from continuing operations 850.06 850.06
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 850.06 850.06
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 850.06 850.06
17 Details of equity share capital
Paid-up equity share capital 1,153.84 1,153.84
Face value of equity share capital 2 2
18 Reserves excluding revaluation reserve
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.48 1.48
Diluted earnings (loss) per share from continuing and discontinued operations 1.48 1.48
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 1,135.96
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 89.17
Adjustments for depreciation and amortisation expense 59.65
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow (15.46)
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 to profit (loss) 133.36
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (4,001.06)
Adjustments for decrease (increase) in trade receivables (911.12)
Adjustments for decrease (increase) in other current assets (1,832.66)
Adjustments for increase (decrease) in trade payables 4,691.39
Adjustments for increase (decrease) in other current liabilities 175.79
Adjustments for provisions 0.00
Total adjustments for working capital (1,877.66)
Total adjustments for reconcile profit (loss) (1,744.30)
Net cash flows from (used in) operations (608.34)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities before extraordinary items (608.34)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (608.34)
4 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 457.35
Proceeds from sales of intangible assets 0.00
Purchase of intangible 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 162.89
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 15.46
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (279.00)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (279.00)
Cash flows from used in financing activities
Proceeds from issuing shares 1,100.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 5.22
Repayments of borrowings 0.00
Dividends paid 0.00
Interest paid 89.17
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items 1,016.05
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 1,016.05
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 128.71
6 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 128.71
Cash and cash equivalents cash flow statement at beginning of period 872.81
Cash and cash equivalents cash flow statement at end of period 1,001.52


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 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,153.85
Reserves and surplus 11,054.30
Money received against share warrants 0.00
Total shareholders' funds 12,208.15
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 343.46
Deferred tax liabilities (net) 31.65
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities 636.26
Long-term provisions 18.09
Total non-current liabilities 1,029.46
6 Current liabilities
Short-term borrowings 2,932.82
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 342.46
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 9,106.80
Total Trade payable 9,449.26
Other current liabilities 393.35
Short-term provisions 495.37
Total current liabilities 13,270.80
Total equity and liabilities 26,508.41
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 2,168.13
Producing properties 0.00
Intangible assets 98.38
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 397.13
Intangible assets under development or work-in-progress 0.00
Total Property, Plant and Equipment and Intangible assets 2,663.64
ii Non-current investments 500.00
v Deferred tax assets (net) 0.00
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 184.18
viii Other non-current assets 90.61
Total non-current assets 3,438.43
Current assets
Current investments 0.00
Inventories 13,807.67
Trade receivables 3,121.67
Cash and cash equivalents 1,001.52
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 5,139.12
Other current assets 0.00
Total current assets 23,069.98
Total assets 26,508.41
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1) 1. The above financial results have been reviewed and approved by the Board of Directors in its meeting held on 14 November 2025. 2.The financial results have been prepared in accordance with Accounting Standards as prescribed under section 133 of the Companies Act, 2023 read with Rule 7 of Companies (Account) Rules 2014 by the Ministry of Corporate Affairs and amendments thereof. 3.As per Ministry of Corporate Affairs notification dated February 16th, 2015, Companies whose securities are listed on SME Exchange as referred to in chapter XB of the Securities and Exchange Board of India, (Issue of Capital and Disclosure Requirements) Regulations, 2009 are exempted from the compulsory requirements of adoption of Ind AS. 4.As on 29th March 2025, the Company obtained shareholders approval through postal ballot for the issuance and allotment of 2391304 equity shares on a preferential basis to Mr. Jhumarmal Pannaram Tunwal (DIN 07486090), Managing Director and Promoter of the Company, against the conversion of his existing unsecured loan; the said shares were allotted on 15th April 2025, and the Company subsequently received listing and trading approval from the stock exchange(s) on 27th May 2025. 5.The Company operates in single business segment i.e. manufecturing of electric vehicles hence segment information has not been provided. Further the Company conducts its business in only one Geographical Segment, viz., India. 6.The figures in respect of results for the half year ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and unaudited half yearly figures upto September 30, 2024 which are certified by the management and not subject to limited review. 7.The figures for the comparative periods have been regrouped/reclassified wherever necessary. All the regroupings and reclassifications are on account of change in the presentation or classification of items. The above regroupings and reclassifications have no impact on the profit of the company for the half year ended 30th September 2025 or the previous periods. 8.The balance appearing under the head Trade Payable, Loans and Advances, Other Current Liabilities are subject to Confirmation and Reconciliation and Consequent adjustments, if any, will be accounted for in the year of confirmation and/ or reconciliation. 9.The audited Financial Results of the Company are available on Company’s website i.e., www.tunwal.com and also on the website of NSE Limited, www.nseindia.com, where the Shares of the Company are listed.


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 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
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
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
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 Mittal Agarwal & Company Yes 30-04-2028


Signatory Details

Name of signatory
Designation of person
Place
Date


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 Tunwal E-Motors Limited Amit Kumar Mali Promoter and Director Any other transaction Repayment of Unsecured Loan by the Company NA 2.00 23.52 21.52
2 Tunwal E-Motors Limited Bhupesh Tunwal Relative of Promoter Loan 2.00 Unsecured Loan Taken from Relative of the Promoter and at arm's length 1.38 0.00 1.38
3 Tunwal E-Motors Limited Palsana EV Industries India Private Limited Wholly Owned Subsidiary Any other transaction Repayment of loan by the subsidiary company NA 184.75 368.93 184.18
4 Tunwal E-Motors Limited Tunwal E-Bike Group Entity and authorized dealer Any other transaction Repayment of outstanding advance amount by the group entity NA 18.04 41.95 23.91
5 Tunwal E-Motors Limited Jhumarmal Tunwal Managing Director Remuneration 30.00 NA 30.00 0.00 0.00
6 Tunwal E-Motors Limited Amit Kumar Mali Whole Time Director Remuneration 18.00 NA 18.00 0.00 0.00
7 Tunwal E-Motors Limited Karan Kumar Saini Whole Time Director Remuneration 12.00 NA 12.00 0.00 0.00
8 Tunwal E-Motors Limited Riya Lunkad KMP Remuneration NA 3.90 0.00 0.00
9 Tunwal E-Motors Limited Kush Gupta Independent Director Any other transaction Sitting Fees 1.20 NA 1.20 0.00 0.00
10 Tunwal E-Motors Limited Arshita Singh Independent Director Any other transaction Sitting Fees 0.60 NA 0.60 0.00 0.00
11 Tunwal E-Motors Limited Niharika Choudhary KMP Remuneration NA 4.50 0.00 0.00
12 Tunwal E-Motors Limited Nagraj Naveenchandra Mujumdar Independent Director Any other transaction Sitting Fees 0.90 NA 0.90 0.00 0.00
13 Tunwal E-Motors Limited Spreta Tunwal Promoter Group Remuneration 6.00 NA 6.00 0.00 0.00
14 Tunwal E-Motors Limited Bhupesh Tunwal Relative of Promoter Remuneration 6.00 NA 6.00 0.00 0.00
15 Tunwal E-Motors Limited Tunwal E-Vehicle India Private Limited Group Company Any other transaction Money Received against sale of goods from group company. The sale was made in previous FY and at arm's length as approved by audit committee. NA 107.10 409.08 301.98
16 Tunwal E-Motors Limited Tunwal E-Bike Group Entity and authorized dealer Sale of goods or services 50.00 NA 34.00 0.00 0.00
17 Tunwal E-Motors Limited Tunwal Electronics Group Entity Any other transaction Rent paid by Tunwal E-Motors Ltd 74.46 Rent including taxes and adjusting tds and transaction at arm's length and in ordinary course of business 74.46 0.00 13.33
18 Tunwal E-Motors Limited Palsana EV Industries India Private Limited Wholly Owned Subsidiary Purchase of goods or services 10.00 Purchase of service post tds deduction and tax adjustment and transaction at ordinary course of business 10.26 0.00 10.26
Total value of transaction during the reporting period 515.09