Transwarranty Finance Limited — Others, 03-05-2025: Change in Management

Transwarranty Finance Limited has announced a board meeting outcome approving the audited financial results for the quarter and financial year ended March 31, 2025. The company posted a standalone profit after tax of Rs. 27.34 lakh for the quarter and Rs. 64.97 lakh for the year, while consolidated results showed losses of Rs. 109.59 lakh for the quarter and Rs. 233.96 lakh for the year. It adopted a new accounting policy measuring investments in subsidiaries and associates at fair value through profit or loss, recording Rs. 5.34 Cr in unrealized gains. The company wrote off Rs. 2.10 Cr of doubtful trade receivables and Rs. 0.64 Cr of prior period tax balances. Transwarranty approved issuing unsecured and secured non-convertible debentures totaling Rs. 13.30 Cr with fixed interest rates of 11.25%-12% p.a. The board re-appointed M/s. Anil Bhutra & Co. as internal auditor for FY 2025-26. Despite an accumulated deficit of Rs. 15.72 Cr, management expresses confidence in future profitability and the company’s ability to meet obligations and continue operations.