Outcome of Board Meeting under Regulation 30of SEBI(LODR) Regulations 2015.
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Tirupati Tyres Limited held a board meeting on June 21, 2025 (11:00 AM to 11:40 AM) and approved major additions to its main objects clause in the Memorandum of Association. The new objects cover four wide-ranging areas: (1) agriculture and farming including crops, livestock, fertilizers and food processing; (2) real estate development including builders, architects, residential and commercial complexes; (3) construction and leasing of industrial, commercial and residential properties; and (4) jewellery, gold, silver, gems, diamonds, precious metals, apparel and ornaments. The company will now conduct a postal ballot via e-voting to seek shareholder approval for these MOA changes. The cut-off date for voting eligibility is June 20, 2025, and Vishakha Agrawal and Associates has been appointed as scrutinizer. The original core business of tyres appears to be getting significantly broadened.
This signals a major strategic diversification away from the core tyres business into agriculture, real estate, construction and jewellery — a sweeping change that existing shareholders should carefully evaluate. Investors should watch the postal ballot outcome and any future announcements clarifying capital allocation and management focus across these very different verticals.