Postal Ballot Results: Stock Split 1:10 and Bonus Issue 5:8 Approved

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-3.1%1-day move

₹7.43

prior close

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AI summary

Tirupati Innovar Limited postal ballot results declared on July 22, 2026. All three resolutions passed: (1) sub-division of equity shares from face value Rs 10 to Rs 1 (ratio 1:10), (2) alteration of Capital Clause of MoA, and (3) bonus issue of 5 new shares for every 8 held, capitalizing up to Rs 15.27 crore from reserves. Only 199 of 43,773 shareholders voted (0.38% turnout). About 88.5% votes in favor; promoter group did not participate.

Likely market impact

Stock split multiplies share count by 10; bonus adds 5 free shares per 8 held. Very low 0.38% voting turnout and zero promoter participation.