BSETirupati Innovar LtdHighNeutral
Announced Thu, 30 Apr · 12:52 IST

Clarification/Correction under Regulation 30of SEBI(LODR) Regulations 2015.

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Price reaction · full curve 14 horizons · vs prior close
+7.5%1-day move
₹11.30
prior close
₹11.18
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-0.4+0.1-0.2-0.3+7.5+12.8+18.4+12.6+7.0+6.7-13.5-25.9-16.7
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AI summary

Tirupati Innovar Limited has submitted a correction to the Outcome of the Rights Issue Committee Meeting dated 24th April, 2026. The company clarified that due to an inadvertent typographical error, the pre-issue and post-issue capital details were incorrectly stated earlier. The corrected figures show that prior to the rights issue, the company had 2,44,43,500 equity shares of Rs. 10 each. After full subscription in the rights issue, the outstanding equity shares would increase to 7,08,86,150 equity shares of Rs. 10 each. This implies approximately 4,64,42,650 new shares will be issued through the rights issue.

Likely market impact

The correction is purely administrative and does not change the fundamental nature of the rights issue. Shareholders should note the corrected share capital structure as the rights issue proceeds toward completion.