Triveni Glass Reports FY26 Net Loss of ₹74.57 Lakhs as Income Declines Sharply

Triveni Glass Limited reported a net loss of ₹74.57 lakhs for the year ended March 31, 2026, a sharp reversal from a net profit of ₹8.83 lakhs in the previous year. The Board of Directors approved the standalone audited financial results at its meeting held on May 7, 2026, at the Conference Room of Welcome Hotel, Prayagraj, which commenced at 12:00 noon and concluded at 3:30 PM. The results were audited by M/s Amit Ray & Co., Chartered Accountants, who issued an unmodified opinion on the standalone audited financial results.

Financial Performance Overview

The company's total income declined significantly to ₹38.65 lakhs from ₹100.20 lakhs in the prior year, entirely comprising other income as the company has no revenue from operations. Total expenses rose to ₹113.22 lakhs from ₹91.37 lakhs, resulting in a loss before exceptional items and tax of ₹74.57 lakhs against a profit of ₹8.83 lakhs in the previous year. The following table summarises the key financial metrics:

Metric: FY26 (Audited) FY25 (Audited) Total Income: ₹38.65 lakhs ₹100.20 lakhs Employee Benefits Expense: ₹26.20 lakhs ₹24.23 lakhs Finance Costs: ₹0.02 lakhs ₹0.10 lakhs Depreciation & Amortisation: ₹4.12 lakhs ₹4.11 lakhs Other Expenses: ₹82.88 lakhs ₹62.93 lakhs Total Expenses: ₹113.22 lakhs ₹91.37 lakhs Net Profit/(Loss): ₹(74.57) lakhs ₹8.83 lakhs Basic EPS (₹): (0.59) 0.07

Quarterly Performance

For the quarter ended March 31, 2026, the company reported total revenue of ₹10.39 lakhs and a net loss of ₹26.74 lakhs. This compares to a net loss of ₹16.59 lakhs in the quarter ended December 31, 2025, and a net loss of ₹14.15 lakhs in the quarter ended March 31, 2025. The quarterly performance is detailed below:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 Total Revenue: ₹10.39 lakhs ₹7.24 lakhs ₹12.90 lakhs Net Profit/(Loss): ₹(26.74) lakhs ₹(16.59) lakhs ₹(14.15) lakhs Basic EPS (₹): (0.21) (0.01) (0.11) Paid-up Equity Share Capital: ₹1,261.94 lakhs ₹1,261.94 lakhs ₹1,261.94 lakhs

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹629.98 lakhs, down from ₹657.59 lakhs as of March 31, 2025. The company continues to carry negative equity of ₹(1,545.89) lakhs, worsening from ₹(1,471.78) lakhs in the prior year, reflecting the accumulated losses. Current borrowings remained unchanged at ₹1,872.02 lakhs. Key balance sheet figures are presented below:

Parameter: 31-03-2026 (Audited) 31-03-2025 (Audited) Property, Plant & Equipment: ₹294.70 lakhs ₹298.82 lakhs Total Non-Current Assets: ₹294.70 lakhs ₹298.82 lakhs Cash & Cash Equivalents: ₹6.80 lakhs ₹0.74 lakhs Total Current Assets: ₹335.28 lakhs ₹358.77 lakhs Total Assets: ₹629.98 lakhs ₹657.59 lakhs Equity Share Capital: ₹1,261.94 lakhs ₹1,261.94 lakhs Total Equity: ₹(1,545.89) lakhs ₹(1,471.78) lakhs Current Borrowings: ₹1,872.02 lakhs ₹1,872.02 lakhs Total Current Liabilities: ₹2,175.87 lakhs ₹2,129.37 lakhs

Cash Flow and Borrowings

The company reported a net increase in cash and cash equivalents of ₹46.06 lakhs for the year ended March 31, 2026, compared to a net decrease of ₹8.79 lakhs in the prior year. Net cash used in operating activities was ₹(26.26) lakhs, while net cash from investing activities was ₹71.86 lakhs. Outstanding qualified borrowings remained at ₹18.72 crores both at the start and end of the financial year, with no incremental qualified borrowings during the year.

Operational Status and Auditor Observations

The statutory auditors, M/s Amit Ray & Co., highlighted in their Key Audit Matters that the company has no revenue from operations, as it has been non-operational since February 2006. The company's income is derived primarily from the sale of fixed assets and interest income. The auditors noted that segment reporting is not applicable given the company's non-operational status. The results were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013, and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Anil Kumar Dhawan, Director Finance & CFO, and Tanushree Chatterjee, Company Secretary & Compliance Officer.

Triveni Glass Limited has disclosed to BSE Limited that it has received an intimation from its Director and Promoter, Sri Jitendra Kumar Agrawal, regarding an application for the issuance of duplicate share certificates in demat form and deletion of names from folio no 07A00009. The disclosure was made under Regulation 30 of SEBI (LODR) 2018 on 18-04-2026.

Application Details

The application submitted by Jitendra Kumar Agrawal pertains to 18,000 equity shares represented by certificate numbers 11, 17090 to 17269. According to the records, these share certificates have been misplaced or lost despite a diligent search. The request also includes the deletion of names of joint holders from the folio, specifically Late Shri Devanand Agrawal and Late Smt. Shakuntala Devi, who passed away on 17.03.1991 and 13.11.2003 respectively.

Share Valuation

The closing price of the equity shares of the company as on 17/04/2026 was ₹ 6.48 per share. Based on this valuation, the total value of the 18,000 shares in question amounts to ₹ 116,640.

Particulars Details Total Equity Shares 18,000 Certificate Numbers 11, 17090 to 17269 Folio Number 07A00009 Closing Price (17/04/2026) ₹ 6.48 per share Total Value ₹ 116,640

Processing and Compliance

The Registrar and Transfer Agent (RTA) has been requested to process the application at the earliest and issue duplicate share certificates after completing necessary formalities. The RTA will process the application in accordance with the prescribed SEBI regulations framed in this regard. Any further developments regarding this matter will be communicated to the exchange in a timely manner. The disclosure was signed by Tanushree Chatterjee, Company Secretary & Compliance Officer of Triveni Glass Limited.

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