Announced Fri, 10 Jul · 19:13 IST
Tirupati Forge allots final batch of shares on warrant conversion
TIRUPATIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹68.20
prior close
₹68.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.6+1.3+1.5+1.6+1.1-1.7+0.3+3.6+20.6————
Up moveDown movePending
AI summary
Tirupati Forge allotted 8,50,000 equity shares on conversion of equal warrants at Rs.32 each (Rs.2 face value plus Rs.30 premium) to 4 non-promoter allottees. This is the final tranche, as all 1,17,60,000 warrants issued in January 2025 are now fully converted with NIL pending. Paid-up equity capital rises to Rs. 26,00,80,000 (13,00,40,000 shares).
Likely market impact
Minor dilution of about 0.65 percent. All warrant holders converted fully within 18 months, signalling confidence in the company.