Tirupati Finlease FY26 Net Profit Falls, Auditor Appointed

1 min read Updated on 23 May 2026, 03:40 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Tirupati Fin-Lease Ltd announced its audited financial results for FY26, reporting a net profit of Rs 48.35 lakh, a decline from the previous year's Rs 66.30 lakh. Revenue from operations increased to Rs 179.27 lakh. The company recorded a net loss of Rs 39.06 lakh for the quarter ended March 31, 2026. Additionally, the Board appointed M/s A D A & Associates as the new statutory auditors following the resignation of M/s S T A P & Co.

*this image is generated using AI for illustrative purposes only.

Tirupati Fin-Lease Ltd has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 23, 2026. The company reported a net profit of Rs 48.35 lakh for the full year, a decrease from Rs 66.30 lakh in the previous fiscal year. For the quarter ended March 31, 2026, the company recorded a net loss of Rs 39.06 lakh compared to a net profit of Rs 22.48 lakh in the preceding quarter ended December 31, 2025.

Financial Performance

Total revenue from operations for the year stood at Rs 179.27 lakh, up from Rs 136.02 lakh in the prior year. The company’s total assets increased to Rs 1669.41 lakh as of March 31, 2026, compared to Rs 1158.60 lakh a year earlier. The paid-up equity share capital remained constant at Rs 300.42 lakh, while the net worth was reported at approximately Rs 5.95 crore.

Metric	FY 2025-26 (Rs in Lakh)	FY 2024-25 (Rs in Lakh)
Total Revenue from Operations	179.27	136.02
Net Profit for the Year	48.35	66.30
Total Assets	1669.41	1158.60
Net Worth	595.33	546.98

Auditor Changes

The Board accepted the resignation of M/s S T A P & Co., Chartered Accountants, as Statutory Auditors effective from the close of business on May 23, 2026, due to other professional commitments. To fill the casual vacancy, the Board appointed M/s A D A & Associates, Chartered Accountants (FRN: 135831W), as the new statutory auditors for the financial year 2026-27. This appointment is subject to the approval of shareholders at the upcoming General Meeting.

Regulatory Compliance

The company confirmed that it does not fall under the category of large corporates as its paid-up share capital does not exceed Rs 10 crore and net worth does not exceed Rs 25 crore. Consequently, certain corporate governance regulations do not apply to the entity. The audited financial results have been submitted to the Bombay Stock Exchange.

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Will the sudden auditor resignation and replacement raise concerns among shareholders about financial transparency, potentially affecting the stock's credibility at the upcoming General Meeting?

Given the sharp Q4 net loss of Rs 39.06 lakh despite full-year revenue growth, what operational or provisioning challenges could continue to pressure Tirupati Fin-Lease's profitability in FY 2026-27?

With total assets growing nearly 44% year-over-year to Rs 1669.41 lakh, how is the company financing this expansion and could rising leverage pose risks to its financial stability?

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Tirupati Finlease auditor resigns effective May 23

2 min read Updated on 18 May 2026, 07:04 PM

Reviewed by

Ashish TScanX News Team

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AI Summary

Tirupati Finlease Ltd announced the resignation of its statutory auditor, M/s STAP & Co., effective May 23, 2026, due to professional commitments. The Board will address the vacancy in the upcoming meeting and appoint a new auditor.

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Tirupati Finlease Ltd has informed the stock exchanges regarding the resignation of its statutory auditor, M/s STAP & Co. The resignation is effective from the conclusion of the board meeting scheduled for May 23, 2026, where the financial results for the quarter and year ended March 31, 2026, will be approved.

The auditor cited an inability to continue due to other professional commitments and assignments. The company confirmed there are no material reasons for the resignation beyond those stated in the resignation letter dated May 18, 2026. M/s STAP & Co. was originally appointed on September 28, 2024, for a term of five years ending on March 31, 2029.

The firm had completed the limited review audit for the financial statements for the quarter ended December 31, 2025, and issued the report on February 14, 2026. As per regulatory requirements, the auditor will complete the audit for the quarter and financial year ending March 31, 2026, prior to the effective date of resignation.

Board Action

The Board of Directors will take note of the resignation in the upcoming board meeting. Consequently, the Board will initiate the process to appoint a new statutory auditor to fill the casual vacancy created by this departure.

Auditor Details

Particulars	Details
Name of Auditor	M/s STAP & Co.
FRN	132148W
Effective Date of Resignation	May 23, 2026
Reason	Other professional commitments and assignments

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Will Tirupati Finlease be able to appoint a qualified replacement auditor before the AGM deadline, and how might delays in filling the casual vacancy impact its regulatory compliance timeline?

Could the mid-term resignation of M/s STAP & Co. — less than two years into a five-year mandate — raise concerns among investors or regulators about the transparency of Tirupati Finlease's financial reporting?

How might the auditor transition affect the company's ability to raise capital or secure credit facilities, given that lenders and investors often scrutinize audit continuity as a governance indicator?