Outcome of the Meeting of the Board of Directors of Tirupati Innovar Limited held on Today i.e. Monday, 08th June, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tirupati Innovar Limited's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, but the statutory auditor (Chandabhoy & Jassoobhoy) issued a 'Disclaimer of Opinion,' the most severe form of audit qualification. Revenue jumped sharply from ₹1,180.63 lakhs in FY25 to ₹14,422.55 lakhs in FY26, yet full-year net profit declined to ₹87.12 lakhs from ₹133.18 lakhs, with Q4 FY26 swinging to a loss of ₹183.35 lakhs (vs profit of ₹99.58 lakhs in Q4 FY25). The auditor flagged seven serious concerns: trade payables written off without documentation, no MSME disclosure, large unverified trade receivables (₹15,194 lakhs) with unexplained credit balances, nil closing stock despite reporting heavy sales, missing loan agreements and interest, sales without e-way bills/delivery challans, and purchases without goods-inward records. Total assets tripled to ₹20,955.78 lakhs, but cash from operations was negative at ₹63.17 lakhs.
This is a major red flag for shareholders — a disclaimer of opinion means investors cannot rely on the reported financials, and the explosive revenue growth paired with falling profits, unverified receivables, and missing documentation raises serious concerns about the quality and authenticity of the business. The stock is likely to face significant negative pressure and regulatory scrutiny.