Tirupati Forge to issue 37 lakh convertible warrants to promoters at Rs 53

Warrants ConvertedFund Raising View source PDF Explain this filing

TIRUPATIFL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹68.39

prior close

₹69.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.7% vs market

Castings & Forgings peers, median of 22sector+0.5%-2.5% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.5 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.1

10m

+0.9

15m

-0.6

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.3-1.7+0.5-2.5

Next day

+4.3-0.1+4.4+2.1+2.2

+3.5-0.8+4.3-0.2+3.7

-3.1-2.8-0.3-1.7-1.5

-0.6-1.0+0.4-1.3+0.7

-0.3+0.4-0.7-1.3+1.0

+1.3-0.5+1.8-2.0+3.4

15d

+7.6-1.9+9.5-1.1+8.7

+7.5+0.4+7.0+0.7+6.8

+0.8+3.5-2.7+12.7-11.9

+7.7+2.0+5.7+7.1+0.6

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.