BSETirupati Fincorp LtdHighNegative
Announced Thu, 8 Oct, 2026 · 19:36 IST
Fraud Alert: Unauthorized Entity Impersonating Company
Price reaction
Awaiting price reaction for this filing.
AI summary
Tirupati Fincorp Ltd has informed BSE that an unauthorized entity called Tirupati Balaji Finance, based in Jaipur, is impersonating the company and circulating fraudulent loan confirmation letters. The fake letters offer a Rs 12 crore business loan and demand Rs 24,500 in processing fees. The company clarified it has no connection with this entity and is evaluating legal action and approaching law enforcement. Shareholders and the public are advised to verify any communication through official channels before making payments.
Likely market impact
No financial impact on the company. Protects brand reputation. Investors should verify loan offers directly to avoid scams.