Auditor23 May 2026, 03:41 pm
Tirupati Finlease: Auditor Appointed, Subject to Shareholder Approval
AI Summary
Tirupati Finlease Ltd's board meeting on May 23, 2026, approved the audited financial results under IND-AS for the quarter and year ended March 31, 2026. The board also approved the resignation of M/s S T A P & Co. as Statutory Auditor and appointed M/s A D A & Associates as the new Statutory Auditor, subject to shareholder approval. The company confirmed compliance with relevant SEBI regulations and that corporate governance provisions do not fully apply due to its paid-up share capital and net worth being below specified thresholds.
Key Highlights
- Audited financial results for the quarter and year ended March 31, 2026, were approved.
- M/s S T A P & Co. resigned as Statutory Auditor, effective May 23, 2026.
- M/s A D A & Associates appointed as Statutory Auditor, subject to shareholder approval.
- Company confirms it has not issued debt securities or has significant long-term borrowings.
- Corporate governance provisions are not fully applicable due to share capital and net worth.
Price Impact
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