Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of Tirupati Fincorp Limited at their meeting held today i.e Saturday, May 16th 2026, ....
Awaiting price reaction for this filing.
Tirupati Fincorp's FY2026 audit resulted in a Disclaimer of Opinion from auditors JCR & Co. LLP due to unresolved issues from FY2025 involving Rs. 8.20 crore write-offs and income increments. The company has lost its NBFC registration (RBI cancelled in 2019, application rejected May 2025) yet continued fresh lending business despite a board resolution to stop. Financial position is critical: net worth eroded by over 95%, equity turned negative at Rs. (518.67) lakhs, and total equity collapsed to just Rs. 12.50 lakhs from Rs. 585.83 lakhs. Revenue dropped 77% to Rs. 2,512.54 lakhs from Rs. 11,069.58 lakhs, with net loss of Rs. 575.96 lakhs vs prior year loss of Rs. 82.37 lakhs. The CFO filed an incorrect declaration stating 'unmodified opinion' when the auditor actually issued a disclaimer.
This is an extremely high-risk filing. The disclaimer of opinion, negative equity, going concern warning, and regulatory non-compliance (RBI directions) indicate severe financial distress. The incorrect CFO declaration regarding audit opinion constitutes a regulatory violation. Shareholders face material risk of wipeout.