Tirupati Fincorp Board Approves Unaudited Financial Results
Tirupati Fincorp Ltd announced that its Board of Directors, in a meeting held on August 06, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results, along with the Limited Review Report from statutory auditors JCR & Co. LLP, were submitted. The auditors noted that the company continued financing activities despite RBI cancellation of its NBFC Certificate of Registration in April 2019 and a subsequent RBI order in May 2025 directing it to stop financing business. The company has sought a 6-month extension from RBI for compliance. The auditors also highlighted an inability to verify interest expense/income due to unavailable loan documents and identified gaps in internal controls for the lending business.
Key Highlights
- Board approved unaudited standalone and consolidated financial results for Q1 FY27.
- Auditors noted continued financing activities post-NBFC license cancellation.
- RBI order dated May 19, 2025, directed cessation of financing business.
- Loan document unavailability impacted verification of interest income/expense.
- Internal controls for lending business require strengthening.
Price Impact
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