Intimation of Regulation 30 SEBI(LODR) for Change in Designation
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Awaiting price reaction for this filing.
Tirupati Innovar Ltd (formerly Tirupati Tyres Limited) has informed the stock exchanges of a change in designation for Mr. Nilesh Shyamlal Koshti (DIN: 11253299), effective August 30, 2025. He is moving from Additional Executive Director to Additional Non-Executive Director and Chairman of the company, subject to shareholder approval. The change was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee, with the stated reason being to maintain an optimum combination of directors on the board. The company confirmed Mr. Koshti is not debarred from holding the office of director by any SEBI order. This is a redesignation of an existing board member, not a new appointment or resignation.
Existing director shifting from an executive to a non-executive chairman role may signal a governance restructuring. Shareholders will need to approve this at the next general meeting, so watch for the voting outcome. The change is administrative in nature and unlikely to cause an immediate stock price reaction.