5332032026-01-012026-03-315332032026-03-315332032025-03-315332032025-04-012026-03-315332032026-01-012026-03-31in-capmkt:OtherExpenses1Member5332032025-04-012026-03-31in-capmkt:OtherExpenses1Member5332032026-03-31OtherNoncurrentAssetsDomain15332032026-03-31OtherCurrentAssetsDomain15332032026-03-31OtherCurrentFinancialLiabilitiesDomain15332032026-03-31OtherCurrentLiabilitiesDomain15332032026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15332032025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15332032026-01-012026-03-31RelatedPartyTransactionDomain15332032025-12-31RelatedPartyTransactionDomain15332032026-03-31RelatedPartyTransactionDomain15332032026-01-012026-03-31RelatedPartyTransactionDomain25332032025-12-31RelatedPartyTransactionDomain25332032026-03-31RelatedPartyTransactionDomain25332032026-01-012026-03-31RelatedPartyTransactionDomain35332032025-12-31RelatedPartyTransactionDomain35332032026-03-31RelatedPartyTransactionDomain35332032026-01-012026-03-31RelatedPartyTransactionDomain45332032025-12-31RelatedPartyTransactionDomain45332032026-03-31RelatedPartyTransactionDomain45332032026-01-012026-03-31AuditorDomain15332032026-01-012026-03-31in-capmkt:AuditedMember5332032026-03-31in-capmkt:AuditedMember5332032026-01-012026-03-31in-capmkt:AdjustedMember5332032026-03-31in-capmkt:AdjustedMember5332032026-01-012026-03-31AuditQualification15332032026-01-012026-03-31AuditQualification25332032026-01-012026-03-31AuditQualification35332032026-01-012026-03-31AuditQualification45332032026-01-012026-03-31AuditQualification55332032026-01-012026-03-31AuditQualification65332032026-01-012026-03-31AuditQualification75332032026-01-012026-03-31AuditQualification85332032026-01-012026-03-31AuditQualification9iso4217:INRiso4217:INRxbrli:shares533203TARAPURNOTLISTEDINE747K01017TARAPUR TRANSFORMERS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-272026-05-21INRLakhsQuarterlyFourth quarterSingle segmentManufacturing and repairs of transformers2026-05-2716:00:002026-05-2718:15:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNANAfalsetrue2026-05-27https://www.tarapurtransformers.com/falsefalseNot Applicable2026-01-012026-03-31AuditedStandalone0261100026110000001860002445000-26900018810004243000-16320000-1632000010924000109240000-125560000000-12556000-6308000-1886400019500000010-0.64-0.6400-0.64-0.642025-04-012026-03-31AuditedStandalone01397500013975000000528000100500004012000692600021516000-75410000-7541000010924000109240000-184650000000-18465000-6517000-2498200019500000010-213621000-0.95-0.9500-0.95-0.95Other expenses1881000Other expenses69260003752200000000056690004319100000075300023840000313700007002800073165000116356000195000000-213621000-18621000-1862100000063460006346000007170007170008612000086837000417940000128631000134977000116356000Other non-current assets5669000Other current assets70028000Other current financial liabilities86120000Other current liabilities4179400000350000000000033372000000401200000431500000-9250000338000000000004089400033353000010048000010924000767200020053000000000000127000000000000000001166000000338000002074000649300000000000-169680000001004800000-27016000-4700000-47000036080003138000items that will be reclassified to profit and loss00items that will be reclassified to profit and loss-203000-20300063080006314000-6308000-6517000TARAPUR TRANSFORMERS LIMITED******Tabassum Shaikh******Non Executive Non Independent DirectorRemunerationApproved6000000TARAPUR TRANSFORMERS LIMITED******Digambar Patil******Non Executive Non Independent DirectorRemunerationApproved6100000TARAPUR TRANSFORMERS LIMITED******Choudhary Global Limited******Company of KMPLoanApproved08233500082335000TARAPUR TRANSFORMERS LIMITED******Yash betkar******Executive DirectorRemunerationApproved4500000166000AuditedQualified opinionM/S GRANDMARK & ASSOCIATEStrue2027-01-3113975000139750003244200039192000-18467000-25217000-0.94-1.29116356000116356000134976000141726000-18623000-25370000The company has sent balance confirmation letters to parties who are not covered in the <br></br> register maintained under section 189 of the Companies Act, 2013, but in many of the <br></br> cases the company have not received written confirmation confirming the balance <br></br> outstanding as at March, 31, 2026.Qualified opinionRepetitiveNANACompany has received balance confirmation from some of the <br></br> Companies and is rigorously following up with the rest of the <br></br> borrowers. Company expects to receive balance confirmation from <br></br> all the companies to whomsoever advances have been given. <br></br> Efforts are made to regularize arrears and recovery against <br></br> overdue principal and interest. The Documentation for these loans <br></br> and advances were not entered into at the time of granting the <br></br> loans. The impact of this cannot be given as it will not impact the <br></br> financials and is a procedural deficiencyNon-SatisfactoryNon-compliance of Ind AS 116 Leases <br></br> <br></br> 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. <br></br> <br></br> 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.Qualified opinionRepetitiveNANAAs the management was not aware of the accounting to be <br></br> done for lease as per Ind AS 116, it was not done, However, <br></br> in the subsequent period, the same will be complied withNon-SatisfactoryWith 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.Qualified opinionRepetitiveNANAManagement is in the process of entering into the paperwork <br></br> of the loans and advances given which are goodNon-SatisfactoryWith 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 reportQualified opinionRepetitiveNANAThese Loans and Advances have been given in the past when <br></br> the limits were adhered to and complied. However, now due <br></br> to losses the net worth of the company is getting eroded and <br></br> 50 the limits have been breached. However the management <br></br> is committed to make efforts and recall these advances and <br></br> make good the non-complianceNon-SatisfactoryNon-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 lakhsQualified opinionRepetitiveDue to oversight of the.accounts team, the TDS was not deducted <br></br> and paid. The same will be complied in subsequent period. If not <br></br> paid, then the company will disallow the interest expenses as per <br></br> the provisions of the Income Tax Act, 1961NANANon-SatisfactoryWith regards to Going Concern principal of the Company <br></br> 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. <br></br> Qualified opinionRepetitiveNANAThe 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 validNon-SatisfactoryWith 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. <br></br> 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. <br></br> Qualified opinionRepetitiveThe disputed dues pertaining to Karnataka Power Transmission <br></br> Corporation Limited and Sales Tax/MAHAVAT Department have <br></br> been contested and the matter is pending with the court for the <br></br> appointment of the arbitrator.NANANon-SatisfactoryWith Regards to Non-provision of Interest <br></br> 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 <br></br> Qualified opinionRepetitiveThe Company has not been accruing and paying the interest as per <br></br> the repayment schedule. Due to financial difficulties, the company <br></br> has limited resources to survive and therefore the company has <br></br> requested Gaganbase to waiver the regular interest provision and <br></br> payment. Gaganbase has agreed to the same and has provided us <br></br> extension. The company had paid a lumpsum amount of Rs.30 <br></br> lakhs in the month of march 2026. Further the balance as at March <br></br> 31, 2026 is also being confirmed by Gaganbase.NANANon-SatisfactoryWith Regards to No Physical Verification of Property. Plant & Equipment <br></br> 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. <br></br> Qualified opinionRepetitiveNANAAs can be seen from the financial performance of the company, the company is in financial difficulties and is <br></br> working on a very thin manpower force. Due to thin manpower, the company does not has relevant skilled <br></br> 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 <br></br> Non-SatisfactoryNAVaishali PawarMichael DalmetRahul DroliaYash Betkar Executive DirectorMumbai2026-05-27