Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements, 2015, we are submitting herewith the Annual Report of the Company for the Financial year 2024-25 along ....
Awaiting price reaction for this filing.
Tirupati Fincorp Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 43rd AGM scheduled for September 26, 2025. Total revenue surged sharply to ₹11,069.58 lakhs from just ₹473.51 lakhs in the previous year. However, the company slipped into a loss of ₹82.37 lakhs compared to a profit of ₹31.40 lakhs earlier, mainly due to regulatory compliance costs and restructuring. The RBI directed the company in May 2025 to cease its NBFI activities, prompting a strategic repositioning. The Board is shifting the registered office from Rajasthan to Maharashtra, and allotted 3,67,500 ESOP shares at ₹20 each. A new Independent Director, Mr. Tejas C. Trivedi, was appointed on August 11, 2025.
Short-term outlook is negative as the core NBFI business has been wound down and the company posted a loss, but the management's pivot toward new financial services opportunities and stake in the ESOP plan signal long-term repositioning. Shareholders should watch for clarity on the new business direction at the AGM.