Tirupati Forge Limited has informed the Exchange regarding Resignation of Mr Anand Mohan Shrivastava as Non- Executive Independent Director of the company w.e.f. May 13, 2025.
TIRUPATIFL · price
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Tirupati Forge's board met on May 13, 2025 and approved several items. First, the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 were approved, with statutory auditors Kamlesh Rathod & Associates issuing an unmodified (clean) opinion. Second, M.B. Sardhara & Associates was re-appointed as internal auditor for a 3-year period covering FY 2025-26 to FY 2027-28. Third, Mr. Mallappa Beleri (DIN: 10512254), a forging and oil & gas industry professional with over 20 years of experience, was appointed as an additional non-executive independent director for 5 years (May 14, 2025 to May 13, 2030), subject to shareholder approval. Fourth, Mr. Anand Mohan Shrivastava resigned as non-executive independent director effective close of business on May 13, 2025, citing personal reasons and inability to devote time.
This is a routine board reshuffle with no governance red flags. The clean audit opinion is a positive signal, while the new independent director brings relevant sector experience. Shareholders should see minimal impact on the stock, though Mr. Shrivastava's departure from the Audit, NRC, and Stakeholders Relationship Committees temporarily reduces board composition until the new director's role is fully clarified.