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Awaiting price reaction for this filing.
Tirupati Finlease Ltd, an Ahmedabad-based NBFC (RBI registration no. 01.00023), has filed its 32nd Annual Report for FY 2024-25 along with the notice for its 32nd AGM scheduled on August 30, 2025. Profit After Tax fell sharply to Rs. 66.30 lakhs from Rs. 127.58 lakhs in FY23-24, with the company attributing the decline to negative impact in equity markets. Profit Before Depreciation and Tax dropped to Rs. 75.44 lakhs from Rs. 153.66 lakhs. No dividend has been recommended and no new shares were issued during the year. The AGM agenda includes re-appointment of Whole Time Director Mr. Bajranglal Balkishan Agarwal (who retires by rotation), appointment of M/s Jignesh Dudhat & Associates as Secretarial Auditors for a 5-year term (FY2025-26 to FY2029-30), and a proposal to increase authorised share capital from Rs. 3.5 crore to Rs. 5 crore.
The near-halving of annual profit is a clear negative for shareholders, reflected in the dividend skip. The proposed increase in authorised capital and appointment of a new long-term secretarial auditor are routine governance items but signal the company may be preparing for potential fundraising or business expansion.