Tirupati Forge corrigendum to EGM notice for preferential warrant issue

Board & Shareholder Meetings View source PDF

TIRUPATIFL · price

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+5.3%1-day move

₹67.07

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₹68.68

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AI summary

Tirupati Forge has issued a corrigendum to its July 7 EGM notice for a preferential issue of 37 lakh convertible warrants at Rs 58 each. Promoter group members Chetna Thummar, Bhargvi Thummar and Hiteshkumar Thummar will subscribe. The corrigendum fixes earlier errors: it clarifies only warrants (not equity shares) are being issued, discloses post-issue shareholding on a fully diluted basis, and notes a prior April 2026 allotment of 25.6 lakh shares at Rs 32. EGM is on July 31, 2026; e-voting runs July 28 to July 30.

Likely market impact

Promoters' stake rises from 49.42 percent to 50.82 percent on full conversion. Shareholders vote on July 31 to approve the warrant issue.