Tarapur Transformers Ltd. Announces Q3 and Nine Months Results for 2025, Creating Provision for Bad Debts

Tarapur Transformers Ltd. held a Board Meeting on 11th February, 2026, where they considered and approved the unaudited financial results for the third quarter and nine months ended 31st December, 2025. The company has reported a net profit for the period and has decided to create a provision for bad and doubtful advances of Rs. 8,66,50,000 due from Choudhary Global Limited. Additionally, the company has recovered Rs. 43,15,000 from the party, leading to a reversal of provision and a write-back of Rs. 35,00,000 as bad debts written back, included in other income. The company has also filed an application under IBC, 2016 with NCLT Mumbai Bench for initiating Corporate Insolvency Resolution Process against Choudhary Global Limited.