As per the latest audited accounts of the company as on March 31, 2024 the paid-up equity share capital and the networth of the company are below the threshhold limit specified under the ....
Awaiting price reaction for this filing.
Tirupati Fincorp Ltd has informed BSE that the filing of the Annual Secretarial Compliance Report under Regulation 24(A) of SEBI Listing Regulations is not applicable to the company for the financial year ended March 31, 2024. As per the latest audited accounts, the company's paid-up equity share capital stands at Rs. 4.94 crore and its net worth stands at Rs. 5.32 crore, both of which fall below the specified thresholds of Rs. 10 crore (paid-up capital) and Rs. 25 crore (net worth). Under Regulation 15(2) of SEBI LODR Regulations, 2015, companies below these thresholds are exempt from several corporate governance compliance requirements, including Regulation 24(A). The letter was signed by Ameya Bodas, Company Secretary & Compliance Officer, on May 26, 2025.
This is a routine compliance clarification and not material to shareholders. It simply confirms that the company is a small-cap entity exempt from certain corporate governance reporting requirements, which is positive in the sense that compliance costs are lower but offers no direct positive or negative signal for the stock price.