Outcome of 37th Annual General Meeting of Tirupati Tyres Limited
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Tirupati Tyres Limited (BSE scrip code 539040) held its 37th Annual General Meeting on September 26, 2025, via video conferencing, which concluded in about 14 minutes. Shareholders approved all 9 resolutions, including adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Nileshbhai Shyamlal Koshti as a director (retiring by rotation), and appointment of Statutory and Secretarial Auditors. Special resolutions were also passed to regularize directors, approve loans/guarantees under Section 185, raise the Section 186 borrowing/investment threshold, and increase the combined FPI/FII shareholding limit to 49% of paid-up equity capital.
These are largely routine AGM approvals, but the move to permit FPI/FII holdings up to 49% could attract greater foreign institutional interest in the stock. The increase in lending and investment limits under Section 186 gives the company more flexibility for future financial actions.