Tirupati Fincorp Limited has postponed its board meeting from Tuesday, August 04, 2026, to Thursday, August 06, 2026, citing unforeseen and unavoidable circumstances. The company notified the Bombay Stock Exchange (BSE) on August 04, 2026, regarding the change in schedule. This postponement extends the period during which the trading window for dealing in the company’s securities remains closed for all Designated Persons and their immediate relatives. The restriction will remain in effect until 48 hours after the conclusion of the rescheduled board meeting and the subsequent declaration of outcomes to the exchange.

The intimation was issued by CS Anita Chougule, Company Secretary & Compliance Officer of Tirupati Fincorp Limited. The notice references a previous Stock Exchange letter dated July 25, 2026, which had initially announced the convening of the Board Meeting on August 04, 2026. The company has requested that the BSE take this information into its records.

Regulatory Compliance and Trading Restrictions

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons, strict adherence to the closed trading window is mandatory. The regulations prohibit Designated Persons and their immediate relatives from trading in the securities of the company during this sensitive period. The closure will persist until the statutory 48-hour window following the conclusion of the board meeting on August 06, 2026, has elapsed and the results have been declared to the exchange.

Key Details of Postponement

The company did not disclose the specific agenda items for the board meeting in this intimation. Investors are advised to monitor subsequent filings for the outcome of the meeting once it concludes.

Tirupati Fincorp Limited reported a significantly wider net loss for the financial year ended March 31, 2026, as the company's total income fell sharply and provisions rose. The Board of Directors, at their meeting held on May 16, 2026, approved the audited standalone financial results along with several key corporate actions. Statutory auditors M/s JCR & Co. LLP issued a Disclaimer of Opinion on the standalone financial statements for FY26, continuing the disclaimer first issued in their audit report for FY25.

Financial Performance: Sharp Decline in Income and Widening Losses

The company's standalone financial results for FY26 reflect a steep deterioration across key metrics. Total income fell to ₹2,512.54 lakhs from ₹11,069.58 lakhs in the previous year, driven primarily by a sharp drop in revenue from securities transactions. The net loss widened to ₹575.96 lakhs from ₹82.37 lakhs in FY25.

The following table summarises the company's standalone financial performance:

For the quarter ended March 31, 2026, the company reported a net loss of ₹437.36 lakhs on total income of ₹410.56 lakhs, compared to a net profit of ₹653.53 lakhs on total income of ₹565.41 lakhs in the corresponding quarter of the previous year.

Balance Sheet: Significant Contraction in Assets and Equity

The company's total assets declined to ₹11,983.06 lakhs as at March 31, 2026, from ₹20,834.98 lakhs as at March 31, 2025. The loan book contracted sharply to ₹8,721.75 lakhs from ₹18,531.07 lakhs. On the liabilities side, total borrowings stood at ₹10,503.90 lakhs, down from ₹19,573.00 lakhs.

Equity saw a dramatic erosion, with other equity turning negative at ₹(518.67) lakhs compared to a positive ₹54.66 lakhs in the prior year, resulting in total equity of just ₹12.50 lakhs against ₹585.83 lakhs previously. Equity share capital remained unchanged at ₹531.17 lakhs.

Auditor's Disclaimer of Opinion and Key Concerns

Statutory auditors M/s JCR & Co. LLP issued a Disclaimer of Opinion on the standalone financial statements for FY26. The auditors stated they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

The key concerns raised by the auditors include:

• Unresolved prior-year matter: Issues related to write-off of loan liabilities and an increment in income of around ₹8.20 crores, flagged in FY25, remain unresolved. The auditors noted this qualification was not addressed in the Director's Report for FY24-25, which they identified as a violation of Section 134(3)(f) of the Companies Act, 2013, and that BSE was not informed of the qualification.
• NBFC regulatory non-compliance: The company continued financing activities despite cancellation of its NBFC Certificate of Registration by RBI with effect from April 30, 2019. RBI's order dated May 19, 2025 rejected the company's application for grant of a Certificate of Registration and directed it to stop financing business with immediate effect. Although the Board passed a resolution on August 11, 2025 to refrain from NBFC operations, the auditors noted that fresh business was still entered into by the company thereafter. An extension of six months from RBI for compliance is awaited.
• Net worth erosion: During the year, more than 95% of the net worth of the company was eroded due to non-recoveries and provisions. The auditors noted these conditions may materially affect the company's operations and going concern status.
• Unverifiable interest expense: The auditors were unable to verify the correctness of interest expense amounts due to unavailability of loan documents for loans taken and given during the quarter.

Segment Performance

The company operates in two reportable segments: Lending and Financing Activity, and Investment and Trading in Securities.

Board Decisions and Corporate Actions

At the Board meeting held on May 16, 2026, the following matters were approved:

• Audited Financial Statements along with the Independent Auditor's Report for the financial year ended March 31, 2026
• Investment in Tirupati Supereco Automotive Holding Company Limited
• Proposal for reduction of share capital
• Adoption of a new set of Articles of Association and Memorandum of Association as per the Companies Act, 2013
• Re-appointment of M/s TRS & Co., Chartered Accountants, as Internal Auditor for FY 2026-27, effective April 1, 2026

The re-appointment of M/s TRS & Co. was made on the recommendation of the Audit Committee. Cash and cash equivalents at the end of the year stood at ₹1.17 lakhs, down from ₹15.45 lakhs at the beginning of the year.