Tarini International Ltd — Board Meeting, 30-05-2025: Board Meeting

Tarini International Ltd. has announced a board meeting to approve the financial results for the quarter and half-year. The company reported consolidated revenue of Rs. 217.30 lakh and standalone revenue of Rs. 200.80 lakh for the year ended March 31, 2025. Profit before tax stood at Rs. 42.19 lakh consolidated and Rs. 48.66 lakh standalone. The auditors issued a qualified opinion citing accumulated losses and net capital deficiencies in subsidiaries with investments totaling Rs. 121.59 lakh, held as long-term by management without provision for diminution. Outstanding receivables and loans are considered good by management but remain unconfirmed. The company’s farm house asset was provisionally attached by the Enforcement Directorate, with the High Court granting a stay. Tarini has an ongoing legal appeal regarding a Rs. 505 lakh penalty from SAT, admitted by the Supreme Court. Provisions have been made for uncertainty over investments and share application money related to a hydropower project in dispute. The company has filed compounding applications for certain regulatory notices pending disposal. Overall, despite certain operational and legal challenges, the management remains confident about future improvements and continues on a going concern basis.