Pursuant to the provisions of Listing Regulations, we wish to inform you that the Board of Directors of Tirupati Fincorp Limited ('Company') at their meeting held today i.e. February 05, ....
Awaiting price reaction for this filing.
Tirupati Fincorp's board approved unaudited standalone and consolidated results for Q3 and nine months ended Dec 31, 2025. The company reported a net loss of Rs 260.26 lakhs in Q3 FY26, wider than the Rs 44.18 lakh loss in the previous quarter, though the nine-month loss narrowed to Rs 138.60 lakhs from Rs 735.90 lakhs a year ago. Total income collapsed sharply to Rs 278.06 lakhs in Q3 from Rs 3,767.57 lakhs in Q3 last year. The Limited Review Report flagged major concerns: the RBI had cancelled the company's NBFC registration in 2019 and rejected its reapplication in May 2025, ordering it to stop lending — yet the company continued fresh lending despite a board resolution to stop. Auditors also said loan documents were unavailable for verification of interest expense and noted weak internal controls.
This is a red-flag filing for shareholders. The company is functionally barred from its core NBFC business, has ignored the RBI directive by continuing fresh lending, and auditors have raised serious concerns about internal controls and unverifiable records. The stock carries significant risk; the outcome of the company's 6-month extension request to the RBI remains pending and could be decisive for its survival.