Board Meeting16 May 2026, 08:31 pm
Tirupati Fincorp Approves FY26 Audited Results, Investment
AI Summary
Tirupati Fincorp Ltd's board approved the audited financial statements for FY26, an investment in Tirupati Supereco Automotive Holding Company Limited, a proposal for share capital reduction, adoption of new Articles and Memorandum of Association, and the re-appointment of M/s TRS & CO as Internal Auditor for FY 2026-27. However, the auditor, JCR & CO. LLP, issued a disclaimer of opinion on the standalone financial results due to unresolved issues regarding loan liabilities and income write-offs from FY25.
Key Highlights
- Board approved audited financial statements for the year ended March 31, 2026.
- Investment in Tirupati Supereco Automotive Holding Company Limited approved.
- Proposal for reduction of share capital approved.
- Auditor disclaimed opinion on standalone financial results due to unresolved issues from FY25.
- Re-appointment of M/s TRS & CO as Internal Auditor for FY 2026-27 approved.
Price Impact
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