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Tirupati Innovar Ltd has postponed the meeting of its Rights Issue Committee that was originally scheduled for December 17, 2025. The committee was set to decide key details of the upcoming Rights Issue, including the record date, issue price, entitlement ratio, and other terms. The company had already approved the Rights Issue in a committee meeting on December 12, 2025. The reason for the postponement is that the in-principle approval from the stock exchange is still awaited. The new meeting will be held within one working day after the company receives this approval from the exchange.
Shareholders waiting for clarity on the Rights Issue will have to wait a bit longer until the stock exchange grants its in-principle approval. This is a procedural delay and does not change the underlying Rights Issue plan, but it may briefly delay the record date announcement for eligible shareholders.