Company flags unauthorised 'Tirupati Balaji Finance' circulating loan letters claiming a ₹12 crore loan

The company has flagged an unauthorised entity operating under the name "Tirupati Balaji Finance".

Thu 8 Oct 2026

Purported loan amount in circulating letter

₹12,00,00,000

Payment sought as processing/file charges

₹24,500

Date on circulating loan confirmation letter

October 08, 2026

What the company disclosed

• The company has come across a communication / loan confirmation letter being circulated by an unauthorised entity operating under the name "Tirupati Balaji Finance".
• The company says the entity appears to be falsely representing itself as, or as being associated with, the company.
• The circulating communication is dated October 08, 2026 and has been issued in the name "Tirupati Balaji Finance".

What the circulating communication says

• It pertains to a purported Business Loan of ₹12,00,00,000 (Rupees Twelve Crore only).
• It seeks payment of ₹24,500 towards processing / file charges into a bank account maintained with Indian Overseas Bank.
• The copy of the purported letter enclosed with the disclosure lists a sanction amount of INR 12,00,00,000, a rate of interest of @6,5% P.A. on reducing basis, a tenure of 02-Years, monthly repayment, and a monthly installment of INR 53,45,550, and asks the processing fee to be paid to a named account with Indian Overseas Bank.

What the company has clarified

• It has no association, connection, arrangement, understanding or authorization whatsoever with "Tirupati Balaji Finance", its representatives, agents or any person issuing or circulating such communications.
• The company has not issued the loan confirmation letter and has not authorised any person or entity to solicit, sanction, process or disburse loans on its behalf in the manner stated.
• The communication uses the name "Tirupati Balaji Finance", gives an office address at Jaipur, Rajasthan, and mentions an email address and telephone number, which may potentially create an impression among the public that the entity is connected with the company.
• The company is taking appropriate steps to protect its name, reputation and interests and to prevent any further misuse or impersonation of its name and identity. It is evaluating appropriate legal and regulatory actions, including approaching law enforcement authorities and other relevant authorities, as may be considered necessary.
• It will keep the exchange informed of any material developments in the matter.

What this means for investors and customers

• The loan amount, interest rate, tenure, monthly installment and processing fee described above belong to the circulating letter, which the company says it did not issue and with which it has no connection. They do not describe any facility sanctioned by the company.
• The company advises its shareholders, customers, investors and members of the public to exercise due caution and not to make any payment or share any personal, financial or banking information in response to any such communication unless the same has been independently confirmed with the company through its official communication channels.

Key figures in the disclosure and the circulating letter

• Purported Business Loan amount: ₹12,00,00,000 (Rupees Twelve Crore only).
• Payment sought as processing / file charges: ₹24,500.
• Sanction amount stated in the purported letter: INR 12,00,00,000.
• Rate of interest stated in the purported letter: @6,5% P.A. on reducing basis.
• Tenure stated in the purported letter: 02-Years.
• Monthly installment stated in the purported letter: INR 53,45,550.

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