AGM 2026 results: All 4 resolutions passed, MD re-appointed for 5 years
TIRUPATIFL · price
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Tirupati Forge held its 14th AGM on September 25, 2026 via video conferencing. All 4 resolutions were passed with over 99.99 percent votes in favor. Key items: adoption of FY26 audited financials; re-appointment of Managing Director Hiteshkumar Thummar; his re-appointment as Chairman and Managing Director for 5 more years (July 2027 to July 2032) with pay up to Rs 4.5 lakh per month; and ratification of Cost Auditor pay of Rs 40,000 for FY27. Out of 57,747 shareholders, only 76 voted.
Routine outcome. All resolutions passed with wide margins. MD re-appointed with a capped monthly pay of Rs 4.5 lakh.