Annual Report of the company for Financial Year 2025-26.

August 28, 2026 The Manager - CRD BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001. Ref.: Scrip Code - 539008 Sub: Annual Report of the company for Financial Year 2025-26. Dear Madam/Sir, Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the Financial year 2025-26 along with Notice of the 44th Annual General Meeting of the Company, scheduled to be held on Saturday, September 19, 2026, at 11:00 A.M. through Video Conferencing / Other Audio Visual Means (VC/OAVM). Request you to kindly take the same on record. Thanking You. For Tirupati Fincorp Limited Anita Chougule Company Secretary & Compliance Officer Tirupati Fincorp Ltd Annual Report FY 2025-26 CONTENT Company Information 01 Chairman's Address to Shareholders 02 Notice of the Annual General Meeting 03 Director’s Report and Annexures 18 Management Discussion & Analysis Report 37 Independent Auditor’s Report 40 Standalone Financial Statements 46 STATUTORY REPORTS FINANCIAL STATEMENTS COMPANY INFORMATION BOARD OF DIRECTORS Mr. Arvind Jethalal Gala @ Chairperson & Non-Executive Non Independent Director Mrs. Kinjal Darshit Parkhiya & Additional Director in category of Non-Executive Independent Director Mr. Dhaval Babubhai Parekh # Non-Executive Non-Independent Director Mr. Sandesh Mohan Nikam Non-Executive Independent Director Mr. Tejas Chandravadan Trivedi* Non-Executive Independent Director Mr. Sandesh Mohan Nikam Non-Executive Independent Director Mr. Dipak Ishwarlal Parikh $ Non-Executive Independent Director Mrs. Bansri Bhavesh Dedhia^ Executive Director and Chief Executive Officer Mr. Rajesh Shantilal Vakharia % Executive Director and Chief Executive Officer Mrs. Sheetal Mitesh Shah Executive Director and Chief Financial Officer @ Change in Designation with effect from May 29, 2025 & Appointed with effect from August 06, 2026 # Resigned with effect from July 01, 2025 *Appointed with effect from August 11, 2025 $ Resigned with effect from August 06, 2026 ^ Resigned with effect from August 06, 2026 % Appointed with effect from August 06, 2026 LISTED AT Bombay Stock Exchange Limited STATUTORY AUDITORS: M/S JCR & CO. LLP, Chartered Accountants Level 3, Raval House, 18th Road, Khar (West) Mumbai- 400052 Maharashtra WEBSITE http://www.tirupatifincorp.in INTERNAL AUDITOR M/S. TRS & Co., Chartered Accountants 301‐302,Necklace View, 96 Walkeshwar road, Opp. White House, Walkeshwar , Mumbai – 400004 SECRETARIAL AUDITOR M/s. Amruta Giradkar and Associates Office No. 820, 8th Floor, Ecstasy Business Park, City Of Joy, Mulund West, Mumbai, Maharashtra, 400080 REGISTERED OFFICE Flat No. G2/G17, Raghuraj Enclave, Krishna Marg,C-Scheme, Jaipur- 302001, Rajasthan Email id: tirupatifincorp31@gmail.com CORPORATE OFFICE 2nd Floor, Plot No.36A, Pushpa Park, Daftary Road, Malad (East), Mumbai-400097, Maharashtra Email id: tirupatifincorp31@gmail.com REGISTRAR & SHARE TRANSFER AGENT Skyline Financial Services Private Limited D-153A,FirstFloor,Okhla Industrial Area, Phase-1, New Delhi, Delhi-110020. Tel:011-26812682/011-26812683 Fax:011-26812682 Email:info@skylinerta.com/mumbai@skylinerta.com BANKERS 1.Punjab National Bank 2. Kotak Mahindra Bank TIRUPATI FINCORP LTD | ANNUAL REPORT 2025-26 CHAIRMAN'S SPEECH Dear Valued Shareholders, Strategic Direction & Governance It is my privilege to address you as we present the Annual Report Our Board remains committed to identifying non-NBFC of Tirupati Fincorp Limited for the financial year ended March 31, opportunities within the broader financial services landscape while 2026. As I reflect on the past year, we find ourselves navigating a leveraging our financial management capabilities. period marked by deep operational restructuring, severe regulatory We continue to maintain governance standards across all constraints, and a sustained effort to realign our business model corporate activities. The Board oversight provided by our directors, for long-term survival and stability. along with secretarial and compliance management led by Ms. Anita Chougule (appointed on November 11, 2025), ensures Navigating Through Continued transparency and regulatory compliance. Restructuring The financial year 2025-26 has been a continuation of the Commitment to Stakeholders critical transition phase initiated following the directive from the Despite the difficult operating environment, our commitment to all Reserve Bank of India in May 2025 instructing us to cease Non- stakeholders remains steadfast. Our core priorities are focused on: Banking Financial Institution (NBFI) activities. Adhering strictly to regulatory guidelines, our Company has systematically reduced • Strict Compliance: Adhering to all statutory and regulatory norms as we pivot our business model. its lending footprint. During FY 2025-26, total revenue stood at ₹2,512.54 lakhs, • Capital Preservation: Managing liquidity conservatively and containing overhead costs. compared to ₹11,069.58 lakhs in the previous financial year. This reduction primarily reflects lower trading volume in securities, • Re-positioning for Recovery: Evaluating viable business which yielded ₹1,130.90 lakhs compared to ₹9,334.50 lakhs opportunities to restore long-term value for shareholders. in FY 2024-25, alongside revenue from interest income of ₹1,381.64 lakhs. Looking Ahead Higher finance costs of ₹1,329.59 lakhs and prudent impairment The transition away from core NBFC operations poses challenges, provisions on financial instruments amounting to ₹413.07 lakhs but it also compels us to build a more resilient foundation. We impacted our bottom line. Consequently, the Company recorded remain dedicated to executing our restructuring priorities a net loss of ₹575.96 lakhs for the year ended March 31, 2026, prudently to navigate this turnaround period. compared to a net loss of ₹82.37 lakhs in FY 2024-25. Acknowledgments Balance Sheet De-Risking & I extend my sincere gratitude to our shareholders, regulators, Operational Focus banking partners, and business associates for their understanding In response to our ongoing challenges, your Board and and patience during this transformational period. management team focused on balance sheet consolidation and I also thank my fellow Board members for their guidance, and risk mitigation: our dedicated team of employees whose hard work supports our • Asset De-escalation: Total assets were scaled down from operations through these changing times. With your continued ₹20,822.44 lakhs to ₹11,983.07 lakhs, driven by reductions in support, we remain committed to steering Tirupati Fincorp Limited loan receivables to ₹8,721.75 lakhs. toward operational stability. • De-leveraging: Total borrowings were substantially reduced Thank you for your trust and partnership. from ₹19,573.00 lakhs to ₹10,503.90 lakhs, minimizing Yours sincerely, debt exposure. • Prudent Provisioning: We recognized an impairment loss Arvind Jethalal Gala allowance of ₹150.00 lakhs on investments to reflect realistic Non-Executive Chairman asset valuations under Ind AS standards. Date: September 19, 2026 Place: Mumbai STATUTORY REPORTS FINANCIAL STATEMENTS NOTICE Notice is hereby given that the 44th Annual General Meeting of the Tirupati Fincorp Limited will be held on Saturday, September 19, 2026 at 11:00 A.M at the registered office of the company, through two-way Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”), to transact the following business: ORDINARY BUSINESS: 1. T o receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended March 31, 2026, with the Reports of the Board of Directors and Auditors thereon. 2. To re-appoint Mrs. Sheetal Mitesh Shah, who retires by rotation and being eligible, offers herself for re-appointment. 3. T o consider the appointment M/s CGCA & Associates LLP, Chartered Accountants (FRN: 123393W) as Statut [Showing first 8,000 characters — download PDF for full document]