Outcomes of Right issue Committee Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tirupati Innovar Ltd (formerly Tirupati Tyres Limited) has extended the closing date of its ongoing Rights Issue from May 5, 2025 to May 23, 2025. The Rights Issue had originally opened on April 25, 2025. The decision was taken by the Rights Issue Committee at a meeting held on May 2, 2025, to give shareholders more time to participate. No other terms of the issue — including the Letter of Offer, Composite Application Form, and Abridged Letter of Offer dated April 16, 2025 — have been changed except for the revised closing date and the resulting post-issue timeline.
Eligible shareholders now have additional time (until May 23, 2025) to apply for their rights entitlement and submit the application form with payment. The extension may indicate slow subscription progress, which shareholders should monitor closely.