What was filed
TBO Tek's board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026 on July 29, 2026, on the audit committee's recommendation. The limited-review reports from statutory auditors S.R. Batliboi & Co. LLP carry an unmodified conclusion.
The filing states plainly that the consolidated results now include Classic Vacations LLC, the US B2B2C luxury travel company acquired on October 1, 2025, and are therefore **not comparable** with the same quarter a year earlier. That single fact frames the top-line story.
The acquisition widens the reporting group
The year-on-year step-change in consolidated revenue and profit reflects the addition of Classic Vacations to the reporting perimeter rather than a like-for-like move. Within segments, the filing shows Hotels and packages as by far the largest contributor to consolidated revenue.
The acquisition, made through step-down subsidiary TBO LLC, was funded through a mix of internal accruals, an inter-corporate loan and credit facilities backed by corporate guarantees, with provisional goodwill recognised. The purchase price allocation is on a provisional basis and could change once detailed valuations are finalised.
The FEMA matter remains open
Both auditor reports carry an emphasis-of-matter paragraph on an ongoing Foreign Exchange Management Act (FEMA) proceeding. Per the filing, a show-cause notice dated September 19, 2023 alleged that the company permitted foreign travel agents to book air tickets and accept payments in Indian Rupees from parties other than those to whom services were rendered.
The company's compounding application, and subsequent requests for post-facto approval, were not acceded to by the RBI's Foreign Exchange Department, and the matter proceeded to adjudication. At the April 2, 2026 hearing the case was heard with no additional requirements raised, and it remains sub-judice. The company states the final outcome cannot be ascertained at this stage and that no adjustment has been made to the results pending it.
Board also cleared a director re-appointment
The board approved the re-appointment of Bhaskar Pramanik as a Non-Executive Independent Director for a second term, running November 24, 2026 to November 23, 2027, subject to member approval at the ensuing AGM.