Tarapur Transformers Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Tarapur Transformers Limited has approved the unaudited financial results for the quarter and half-year ended September 30, 2024. The company reported a loss of ₹13.86 crore and a negative net worth of ₹1.55 crore, with total income of ₹2,391.86 crore and total expenses of ₹1,005.33 crore for the period. The management also noted ongoing concerns regarding long-term borrowings. Alongside these results, the board reviewed the limited report issued by statutory auditors, highlighting key financial challenges and operational implications moving forward.