Considered and approved the unaudited financial statements along with limited review report of the Company for the quarter ended September 30, 2025. 2. Review Related Party Transaction ....
Awaiting price reaction for this filing.
The Board of Tirupati Fincorp approved unaudited financial results for Q2 FY26 (quarter ended September 30, 2025) and reviewed related party transactions. On a standalone basis, the company posted a net loss of Rs. 58.31 lakhs in Q2 FY26 versus a loss of Rs. 84.56 lakhs in Q2 FY25, while total income collapsed to Rs. 772.74 lakhs from Rs. 6,175.76 lakhs a year ago. On a consolidated basis, the company reported a loss of Rs. 44.18 lakhs for the quarter and a profit of Rs. 121.66 lakhs for H1 FY26. The auditor (M/s. JCR & Co. LLP) flagged serious concerns: the internal auditor could not verify interest expense due to missing loan documents, internal controls have gaps, the company continued fresh NBFC lending despite an RBI order dated May 19, 2025 directing it to stop, and a 6-month RBI extension request is pending. The Board also appointed CS Anita Chougule as Company Secretary & Compliance Officer.
This is a significant negative filing for shareholders. The RBI has rejected Tirupati Fincorp's NBFC registration and ordered it to cease financing activity, yet the company continued fresh lending in defiance of the order—a serious regulatory breach. Combined with collapsing revenue, missing loan documents, weak internal controls, and a qualified auditor's report, this raises genuine going-concern and compliance risks that could weigh heavily on the stock.