Tirupati Fincorp Ltd

Tirupati Fincorp Limited's Board of Directors, in a meeting held on August 06, 2026, approved the reconstitution of the Audit Committee and the Stakeholders Relationship Committee. The board also accepted the resignations of Mrs. Bansri Bhavesh Dedhia as CEO and Director, and Mr. Dipak Ishwarlal Parikh as an Independent Director. Mr. Rajesh Shantilal Vakharia has been appointed as the new CEO and Director, subject to shareholder approval. Additionally, Mrs. Kinjal Darshit Parkhiya was appointed as an Additional Director (Independent Director), also pending shareholder approval. M/S. CGCA & Associates LLP was appointed as the new Statutory Auditor.

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.

Tirupati Fincorp Limited's Board of Directors met on August 6, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The meeting also saw significant management changes, including the resignation of CEO Mrs. Bansri Bhavesh Dedhia and Independent Director Mr. Dipak Ishwarlal Parikh. Mr. Rajesh Shantilal Vakharia was appointed as the new CEO and Director for a five-year term, subject to shareholder approval. Additionally, Mrs. Kinjal Darshit Parkhiya was appointed as an Additional Independent Director. The board also approved the appointment of M/s. CGCA & Associates LLP as the new Statutory Auditor and the shifting of the company's registered office from Rajasthan to Maharashtra.

Tirupati Fincorp Ltd has informed BSE that its Board of Directors meeting, originally scheduled for August 4, 2026, has been postponed due to unforeseen circumstances. The meeting is now rescheduled to August 6, 2026. The agenda includes considering and approving various matters. In line with SEBI regulations, the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the conclusion of the rescheduled board meeting and the subsequent declaration of outcomes.

Tirupati Fincorp Ltd has announced that its Board of Directors will convene on August 4, 2026, via video conferencing. The primary agenda items include the consideration and approval of the Unaudited Financial Results for the quarter ended June 30, 2026, along with the limited review report. Additionally, the board will discuss and approve the appointment of M/s. Amruta Giradkar & Associates as a scrutinizer and M/S. CGCA & Associates LLP as the Statutory Auditor. The company has also informed that the trading window for its securities will remain closed from July 1, 2026, and will reopen 48 hours after the conclusion of the board meeting for directors and specified persons.

Tirupati Fincorp Ltd has submitted a response to the stock exchange regarding a delay in disclosing a material event related to a cyber security incident and data loss. The company experienced a major cyber-attack on July 3, 2026, leading to a system crash and inaccessibility of critical data, including login credentials and records. This prevented timely filing with the BSE. Further, the unavailability of key personnel and IT developers on July 4, 2026 (a Saturday) and due to heavy rainfall, compounded the delay. The disclosure was made immediately after partial system restoration and data retrieval. The company requests the delay be condoned due to these unavoidable circumstances.

Tirupati Fincorp Ltd has reported a significant cybersecurity incident where its entire server infrastructure was compromised on July 03, 2026. This has resulted in the inaccessibility and loss of the company's servers, email systems, and data from that date onwards. The company is actively working with technical experts to recover the affected data and is assessing the overall impact. Containment and recovery measures are in place, with efforts to restore normal operations. The full extent of the impact is still under evaluation, and further updates will be provided to the stock exchange.

Tirupati Fincorp Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. The window will be shut from Wednesday, July 01, 2026, until 48 hours after the conclusion of the upcoming board meeting. This meeting is scheduled to consider the unaudited financial results for the quarter ended June 30, 2026. The exact date of the board meeting will be communicated later. This measure is in compliance with SEBI's Prohibition of Insider Trading Regulations, 2015, to prevent any potential insider trading activities.

The Board of Directors of Tirupati Fincorp Ltd approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) at its meeting on May 16, 2026. These changes are subject to shareholder and other regulatory approvals. Details regarding the alterations to the MOA and AOA are provided in Annexure A and Annexure B, respectively.

Tirupati Fincorp Ltd's board approved audited financial statements for the year ended March 31, 2026, with a disclaimer of opinion from the statutory auditors, M/s. JCR & Co. LLP. The disclaimer is due to unresolved issues regarding the write-off of loan liabilities and an increment in income of ₹8.20 crores from the previous year, which were not adequately addressed by the company. The board meeting concluded at 6:00 P.M.