Details of Fraudulent Activity

The company has identified a communication/loan confirmation letter being circulated by an entity operating under the name "Tirupati Balaji Finance". The fraudulent letter is dated October 08, 2026, and references application number AAFCL/3294F/RJ05071958/5526-5611-1766.

The letter purports to confirm a Business Loan facility of ₹12,00,00,000 (Rupees Twelve Crore Only) to "C/OM. LACOZY AGENCY PRIVATE LIMTED MR. AKHIL NAIR / M/S. RADHA RAGHU NAIR". The communication demands a processing/file charge payment of ₹24,500 to be deposited into a specific bank account:

  • Account Name: (Legal Advisor) Mr. Monu C/O M/S. Tirupati Bajaji Finance
  • Account Number: 1451010000022574
  • Bank: Indian Overseas Bank
  • IFSC Code: IOBA0002263

Loan Terms in Fraudulent Communication

The unauthorized communication outlines specific loan terms:

  • Purpose: To meet upcoming financial need
  • Interest Rate: 6.5% per annum on reducing balance
  • Tenure: 2 years
  • Repayment: Monthly installments of ₹53,45,550 (Rupees Fifty-three Lakhs Forty-five Thousand Five Hundred Fifty Only)
  • Security: Insurance Paper and Agreement Paper
  • Disbursement: To be made directly to bank account

Entity Details and Misrepresentation

The fraudulent entity "Tirupati Balaji Finance" provides contact information that could mislead the public:

  • Address: Rudra Heights, Plot No 05, Khasra No, 37/212 Gopalpur Byepass, Jaipur, Rajasthan 302018
  • Contact Person: Nitin Kumar Singh, Sr. Funding Manager

The communication also includes fabricated company details claiming incorporation in 1982 in Rajasthan as a Public Limited Company with registered office at PN-1, Telephone Colony, Tonk Phatak, Jaipur – 302015.

Company's Official Response

Tirupati Fincorp Limited categorically states that it has no association, connection, arrangement, understanding, or authorization whatsoever with "Tirupati Balaji Finance", its representatives, agents, or any person issuing/circulating such communications. The company confirms:

  • It did not issue the loan confirmation letter
  • It has not authorized any person/entity to solicit, sanction, process, or disburse loans on its behalf
  • The communication constitutes unauthorized misuse/impersonation of the company's name and identity

Actions Being Taken

The company is taking appropriate steps to protect its name, reputation, and interests, including:

  • Evaluating appropriate legal and regulatory actions
  • Approaching concerned law enforcement authorities
  • Approaching other relevant authorities as necessary
  • Committing to keep the stock exchange informed of material developments

Advisory to Stakeholders

The company advises shareholders, customers, investors, and the public to:

  • Exercise due caution regarding such communications
  • Not make any payments without independent verification through official channels
  • Not share personal, financial, or banking information without verification

Document Submission

The company has enclosed copies of the relevant documents/communications received regarding the unauthorized use/misuse of the company's name for the stock exchange's information and records.