Business Update13 May 2026, 08:31 pm
Transwarranty Finance Changes Accounting Policy
AI Summary
Transwarranty Finance Ltd's board approved a change in accounting policy on May 13, 2026, switching from the Fair Value Method to the Cost Method for valuing investments in subsidiaries and associates. This change, applied retrospectively, aims to provide more reliable information by reflecting capital deployed in strategic investments and aligning with management's monitoring practices. The company believes this shift avoids market price movements obscuring the lending business's performance.
Key Highlights
- Transwarranty Finance shifts to Cost Method for subsidiary valuation.
- Change applied retrospectively as per Ind AS 8.
- Revised policy aims for reliable reflection of strategic investments.
- The change avoids market price movements obscuring lending performance.
- New policy aligns with management's monitoring practices.
Price Impact
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