5012422025-01-012025-03-315012422025-03-315012422024-03-315012422024-04-012025-03-315012422025-01-012025-03-31in-capmkt:OtherRevenueFromOperations1Member5012422024-04-012025-03-31in-capmkt:OtherRevenueFromOperations1Member5012422025-01-012025-03-31in-capmkt:OtherExpenses1Member5012422024-04-012025-03-31in-capmkt:OtherExpenses1Member5012422025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15012422025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25012422025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss35012422025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss45012422024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15012422024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25012422024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss35012422024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss45012422025-01-012025-03-31RelatedPartyTransactionDomain15012422024-12-31RelatedPartyTransactionDomain15012422025-03-31RelatedPartyTransactionDomain15012422025-01-012025-03-31RelatedPartyTransactionDomain25012422024-12-31RelatedPartyTransactionDomain25012422025-03-31RelatedPartyTransactionDomain25012422025-01-012025-03-31RelatedPartyTransactionDomain35012422024-12-31RelatedPartyTransactionDomain35012422025-03-31RelatedPartyTransactionDomain35012422025-01-012025-03-31RelatedPartyTransactionDomain45012422024-12-31RelatedPartyTransactionDomain45012422025-03-31RelatedPartyTransactionDomain45012422025-01-012025-03-31RelatedPartyTransactionDomain55012422024-12-31RelatedPartyTransactionDomain55012422025-03-31RelatedPartyTransactionDomain55012422025-01-012025-03-31RelatedPartyTransactionDomain65012422024-12-31RelatedPartyTransactionDomain65012422025-03-31RelatedPartyTransactionDomain65012422025-01-012025-03-31RelatedPartyTransactionDomain75012422024-12-31RelatedPartyTransactionDomain75012422025-03-31RelatedPartyTransactionDomain75012422025-01-012025-03-31RelatedPartyTransactionDomain85012422024-12-31RelatedPartyTransactionDomain85012422025-03-31RelatedPartyTransactionDomain85012422025-01-012025-03-31RelatedPartyTransactionDomain95012422024-12-31RelatedPartyTransactionDomain95012422025-03-31RelatedPartyTransactionDomain95012422025-01-012025-03-31AuditorDomain15012422025-01-012025-03-31in-capmkt:AuditedMember5012422025-03-31in-capmkt:AuditedMember5012422025-01-012025-03-31in-capmkt:AdjustedMember5012422025-03-31in-capmkt:AdjustedMember5012422025-01-012025-03-31AuditQualification1iso4217:INRiso4217:INRxbrli:shares501242TCIFINANCENOTLISTEDINE911B01018TCI FINANCE LIMITEDMain BoardEquity2024-04-012025-03-312025-05-152025-05-09INRLakhsQuarterlyFourth quarterSingle segmentNon Banking Financial Company2025-05-1515:00:002025-05-1516:00:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNANAfalsetrue2024-08-06www.tcifl.infalsetrue2025-01-012025-03-31AuditedStandalone00000000006660000066600000000140000000000019900000213000004530000004530000000045300000000045300000-149800000-104500000128700000103.523.52003.523.522024-04-012025-03-31AuditedStandalone00000000006730000067300000000640000000000026200000326000003470000012000003590000000035900000000035900000-154000000-1181000001287000001002.782.78002.782.78Others0Others0Other expenses19900000Other expenses262000008200000000005300000070000061900000000880000003800000000001260000074500000142000000-893700000-751700000-7517000002000001590000080450000082060000033000005000001800000056000008262000007450000000Remeasurement gain/(loss) on Investments-161800000Deferred tax on remeasurement gain on investment12000000Remeasurement gain/(loss) on Corporate Guarantee0Remeasurement gain/(loss) Defined Benefit Plan0-149800000Remeasurement gain/(loss) on Investments-166500000Deferred tax on remeasurement gain on investment12500000Remeasurement gain/(loss) on Corporate Guarantee0Remeasurement gain/(loss) Defined Benefit Plan0-15400000000-149800000-1540000000000000-2180000-2223000000120000-970000-85650000000000001780000006709000426090000000042609000000000000254000000000000000000000000-2540000000000005831800000000-58318000-159630000-15963000241330008170000TCI Finance Limited******Amit Kumar Ray******KMPRemunerationNA47400000TCI Finance Limited******V Santosh Kumar******KMPRemunerationNA32400000TCI Finance Limited******S Jasminder Singh******KMPRemunerationNA69200000TCI Finance Limited******Dhanpat Ram Agarwal******DirectorRemunerationNA6400000TCI Finance Limited******Meera Madhusudan Singh******DirectorRemunerationNA6400000TCI Finance Limited******M Sreenivasuloo******DirectorRemunerationNA3000000TCI Finance Limited******I M Usman Sherifff******DirectorRemunerationNA3000000TCI Finance Limited******Y S R Rajeev Kumar******DirectorRemunerationNA6400000TCI Finance Limited******Arun Kumar Agarwal******DirectorRemunerationNA15000001757000AuditedQualified opinionG.D.UPADHYAY & COtrue2027-02-28673380006731800032676000182194000034662000-17546020002.78-136.3174500000744190008262000002650178000-751800000-2575759000Note no 3 of the accompanying statement regarding claims on the Company by the lenders of Amrit Jal Ventures Private Limited and Gati Infrastructure Bhasmey Power Private Limited aggregating to Rs. 25,619.80 Lakhs due to the invocation of corporate guarantee given by the Company. Against the said liability, the company during the year 2019-2020, considering the disputing nature of the claim and unlawful invocation of the corporate guarantee made a provision of Rs. 7,798.91 Lakhs. As at March 31, 2023, the company has disclosed the balance amount of liability Rs. 17,820.89 Lakhs as contingent liability in its financial statements. In the absence of adequate basis for recognition of partial liability In our opinion the Company ought to have recognised the liability in its books. Had the liability been recognised the loss for the year and accordingly the other equity (negative balance) will be higher by Rs.17,820.89 Lakhs <br></br> <br></br> Note no 4 (a) regarding the invocation of Company's investment in equity shares of Gati Limited pledged as security for the credit facilities availed from Godavari Commercial Services Private Limited (Godavari), one of the lenders to the Company. However, the Company continued to present the said equity shares as investment at <br></br> fair value as at March 31, 2025 despite invocation for the reasons stated in the said note. Fair value of the invoked shares considered as an asset aggregates to Rs.930.25 Lakhs. Considering that investments have been sold, we are unable to comment on the appropriateness of presentation of fair value of said equity shares as investments in the financial statements. Further in view of the uncertainty relating to recoverability of the said investment, we are unable to comment on the impact, if any, on the loss for the year and other equity as at March 31, 2025. <br></br> <br></br> Note 4 (b) regarding the investments in equity shares of the Company held in Gati Limited pledged for the facilities availed by Amrit Jal Ventures Private Limited (AJVPL). The lenders of AJVPL have invoked the pledge and realized their dues. However, the company continued to present the said equity shares as investment at <br></br> fair value as at March 31, 2025 despite invocation for the reasons stated in the said note. The fair value of the invoked shares considered as an asset aggregates to Rs.774.41 Lakhs. Considering that investments have been sold, we are unable to comment on the appropriateness of presentation of fair value of said equity shares as <br></br> investments in financial statements. Further, in view of the uncertainty relating to recoverability of the said investment, we are unable to comment on the impact if any, on the loss for the year and other equity as at March 31, 2025. <br></br> <br></br> Note no 6 of the accompanying statement regarding preparation of the financial statements by the management on a going concern basis for the reasons stated therein. In the absence of sufficient and appropriate evidence and the liabilities devolved on the Company upon invocation of guarantees by the lenders of other entities, we are of the opinion that preparation of financial statements on a going concern is not appropriate. Hence, we are unable to comment on the effect on carrying value of assets and liabilities had the financial statements been prepared not as a going concern. <br></br> <br></br> Note no 8 The Company has not recognised interest expense of Rs. 83.25 Lakhs for the year ended March 31, 2025. Total interest expense not recognised, upto March 31, 2025, aggregates to Rs. 419.12 Lakhs. Consequently, loss for the year 2024-2025 is higher by Rs.83.25 Lakhs and as at March 31, 2025 and Other Equity (negative balance) and Borrowings were lower by Rs. 419.12 Lakhs. <br></br> <br></br> The Company had received a letter from the Reserve Bank of India to surrender the Certificate of Registration (COR) for voluntary deregistration as NBFC on account of non maintence of minimum Net owned Funds(NOF). The company had sought a further period of 12 months for augmenting the NOF. <br></br> Qualified opinionRepetitiveI. The Company has made a provision on an estimated basis considering the disputed nature of the claim and unlawful invocation of the corporate guarantee. <br></br> <br></br> II. Management of the Company is expecting to recover the above said balances in its entirety and is of opinion that no provision is warranted at this moment. <br></br> <br></br> III. In view of the discussion and negotiations, management is of the view that interest expenses is not required to be recognised.i. The Company has taken necessary legal recourse for the restoration of the invoked shares <br></br> <br></br> ii. The Company has taken necessary legal recourse for the restoration of the invoked shares <br></br> <br></br> ii. Management of the Company is in the process of identifying various alternatives / new <br></br> <br></br> areas to venture into for reviving the company. In view of the same, financial statements of <br></br> <br></br> the company have been prepared on going concern basis <br></br> <br></br> iv. Management is of the view that Income tax is to be paid on the gain on the sale of <br></br> <br></br> investments only when the amount is realized. <br></br> <br></br> v. Management of the Company is in the process of identifying various alternatives / new <br></br> <br></br> areas to venture into for reviving the company. In view of the same, financial statements <br></br> <br></br> of the company have been prepared on going concern basisNoneNoneM SreenivasulooV Santosh KumarD R AgarwalG D UpadhyayHyderabad2025-05-1500000