Announced Thu, 2 Jul · 17:41 IST
Tirupati Forge to issue 37 lakh convertible warrants to promoters at Rs 53
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
+4.3%1-day move
₹68.39
prior close
₹69.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+0.9-0.6-2.2+4.3+3.5-3.1-0.6-0.3+1.3+7.6———
Up moveDown movePending
AI summary
Tirupati Forge board approved issuing 37 lakh convertible warrants at Rs 53 each to promoters on a preferential basis, raising up to Rs 19.61 crore. Allottees pay 25 percent upfront and 75 percent within 18 months on conversion to equity shares of Rs 2 face value. All 3 allottees are existing promoters. Board also approved raising authorised capital from Rs 26.5 crore to Rs 27.5 crore. EGM on July 31, 2026.
Likely market impact
Promoter-led capital raise signals confidence. No immediate dilution as warrants are unpaid till exercised. Pending shareholder approval at EGM on July 31.