Newspaper Advertisement Relation to Right issue of Tirupati Innovar Limited
Price
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Tirupati Innovar Limited (formerly Tirupati Tyres Limited) has published a public notice announcing a Rights Issue. The company is offering 4,64,42,650 fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 10 per share, aggregating up to Rs. 46.44 crore (assuming full subscription). The issue ratio is 19 right shares for every 10 equity shares held. The full issue price of Rs. 10 per share is payable at the time of application (100% payment). The issue opens on May 7, 2026, the last date for on-market renunciation is May 11, 2026, and the issue closes on May 15, 2026. The company has received in-principle approval from both BSE and MSE for listing the rights shares.
Existing shareholders will receive rights entitlements in their demat accounts and can subscribe to additional shares or renounce them. The issue provides an opportunity to maintain ownership percentage at a fixed price of Rs. 10 per share.