Tirupati Forge Limited has informed the Exchange regarding Appointment of Mr Mallappa Beleri as Non- Executive Independent Director of the company w.e.f. May 14, 2025.
TIRUPATIFL · price
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Awaiting price reaction for this filing.
Tirupati Forge's board met on May 13, 2025 and approved several items. The company posted audited financial results for Q4 and FY ending March 31, 2025, with statutory auditors M/s. Kamlesh Rathod & Associates giving an unmodified (clean) opinion. Internal auditors M/s. M. B. Sardhara & Associates were re-appointed for a three-year term covering FY 2025-26 to 2027-28. Mr. Mallappa Beleri, a forging and oil & gas industry professional with 20+ years of experience, was appointed as a Non-Executive Independent Director for five years starting May 14, 2025. Meanwhile, Mr. Anand Mohan Shrivastava resigned as Independent Director effective May 13, 2025, citing personal reasons and inability to devote time.
Routine board housekeeping with no major financial surprises — clean audit opinion and auditor continuity are mild positives for governance. The swap of one independent director for another is unlikely to move the stock materially, though shareholders will vote on the new appointment at the next general meeting.