Tirupati Fincorp Ltd

Tirupati Fincorp Limited has issued a clarification regarding an unauthorized entity operating as "Tirupati Balaji Finance". This entity has circulated a communication dated October 08, 2026, for a purported Business Loan of ₹12,00,00,000/- (₹12 Crore) and requested processing fees of ₹24,500/- to an Indian Overseas Bank account. Tirupati Fincorp categorically states it has no association with "Tirupati Balaji Finance" and has not authorized any entity to solicit or disburse loans on its behalf. The company is taking steps to protect its name and reputation and is evaluating legal and regulatory actions. It advises the public to exercise caution and verify information through official channels.

Tirupati Fincorp Ltd held its 44th Annual General Meeting (AGM) on September 19, 2026, via video conferencing. Chaired by Mr. Arvind Jethalal Gala, the meeting saw the adoption of the audited financial statements for the fiscal year ended March 31, 2026. Key resolutions passed included the re-appointment of Mrs. Sheetal Mitesh Shah as director, the appointment of M/s CGCA & Associates LLP as Statutory Auditor, and the appointment of Mr. Rajesh Shantilal Vakharia as both Executive Director and CEO. Additionally, Mrs. Kinjal Darshit Parkhiya was appointed as an Independent Director. Shareholders also approved the adoption of new Memorandum and Articles of Association in line with the Companies Act, 2013, and the shifting of the company's registered office from Rajasthan to Maharashtra. The Auditor's and Secretarial Auditor's reports for FY26 were noted to have no qualifications.

Kalpesh B Kothari, a member of the promoter group of Tirupati Foam Limited, has disclosed the sale of 21 equity shares, representing 0.001% of the company's voting capital. The transaction occurred in the open market through the BSE Ltd. Following the sale, Kothari's total holding in the company is 67,674 shares, which constitutes 1.536% of the total diluted share capital. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The face value of each equity share is ₹10, and the total equity share capital of the company remains ₹4,40,70,000.

Tirupati Fincorp Limited has issued a clarification regarding its Annual Report for FY 2025-26. The company inadvertently uploaded an incorrect version of the audit report within the annual report and has since revised it. Tirupati Fincorp confirms that the changes between the two versions are cosmetic. The revised Annual Report is available on the company's website. The report also details significant operational restructuring due to RBI directives, leading to a substantial reduction in total revenue to ₹2,512.54 lakhs from ₹11,069.58 lakhs in the previous year. The company recorded a net loss of ₹575.96 lakhs for FY 2025-26, compared to a net loss of ₹82.37 lakhs in FY 2024-25. Balance sheet de-escalation and de-leveraging were key focus areas, with total assets reduced to ₹11,983.07 lakhs and total borrowings to ₹10,503.90 lakhs.

Tirupati Fincorp Ltd. has announced its 44th Annual General Meeting (AGM) scheduled for Saturday, September 19, 2026, at 11:00 AM IST. The meeting will be conducted via two-way Video Conference/Other Audio-Visual Means. Key agenda items include the adoption of the Audited Standalone Financial Statements for FY 2025-26, the re-appointment of Mrs. Sheetal Mitesh Shah, and the appointment of M/s CGCA & Associates LLP as Statutory Auditors for a term of five years. Additionally, the AGM will consider the appointment of Mr. Rajesh Shantilal Vakharia as Executive Director and Chief Executive Officer (CEO) for a period of five years, effective August 06, 2026.

Tirupati Fincorp Ltd announced the book closure for its 44th Annual General Meeting (AGM), scheduled for September 19, 2026. The AGM will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). The Register of Members and Share Transfer Books will remain closed from September 13, 2026, to September 19, 2026, inclusive. Shareholders holding shares as of the close of business hours on September 11, 2026, are eligible for remote e-voting and voting at the AGM. The Annual Report for the financial year ended March 31, 2026, will be sent via email to registered members.

Tirupati Fincorp Ltd has submitted its Annual Report for FY 2025-26, detailing a significant net loss of ₹575.96 lakhs, a substantial increase from the ₹82.37 lakhs loss in the previous fiscal year. This downturn is attributed to a mandated operational restructuring following an RBI directive in May 2025 to cease Non-Banking Financial Institution (NBFI) activities. Total revenue for FY26 dropped to ₹2,512.54 lakhs from ₹11,069.58 lakhs in FY25, primarily due to reduced trading volumes and increased finance costs. The company has focused on balance sheet de-escalation, reducing total assets from ₹20,822.44 lakhs to ₹11,983.07 lakhs. The 44th Annual General Meeting is scheduled for September 19, 2026, to be held via Video Conferencing.

Tirupati Fincorp Ltd has issued a notice for its 44th Annual General Meeting (AGM) scheduled for Saturday, September 19, 2026, at 11:00 A.M. IST. The meeting will be conducted via two-way Video Conference/Other Audio-Visual Means. Key agenda items include the adoption of the Audited Standalone Financial Statements for FY 2025-26, the re-appointment of Mrs. Sheetal Mitesh Shah, and the appointment of M/s CGCA & Associates LLP as Statutory Auditors for a term of five years. Additionally, the AGM will consider the appointment of Mr. Rajesh Shantilal Vakharia as Executive Director and Chief Executive Officer (CEO). The notice is part of the Annual Report and is available on the company's website.

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.