BSETirupati Fincorp LtdCriticalNegative
Announced Thu, 6 Aug · 21:04 IST
Q1 results, CEO change, new auditor, cyber attack disclosed
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved Q1 FY27 results: standalone net profit Rs 351 lakh vs Rs 166 lakh YoY on income of Rs 559 lakh. CEO Bansri Dedhia resigned; Rajesh Vakharia named new CEO for 5 years. Independent Director Dipak Parikh resigned; Kinjal Parkhiya appointed. CGCA and Associates appointed new statutory auditor for 5 years. Office shifting from Rajasthan to Maharashtra. Auditor noted a July 3 ransomware attack wiped all financial data and backups.
Likely market impact
Major leadership overhaul with new CEO and auditor. Cyber attack disclosure and ongoing NBFC regulatory issues are governance red flags.