BSETirupati Innovar LtdMediumNeutral
Announced Tue, 28 Apr · 15:57 IST

Revised Outcome of the Meeting of the Rights Issue Committee of Tirupati Innovar Limited which is held on Friday, 24th April, 2026.

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Price reaction · full curve 14 horizons · vs prior close
+7.2%1-day move
₹10.35
prior close
₹10.40
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+2.9-0.8-1.9+7.2+17.4+23.2+29.3+22.9+11.0-0.6-14.9-7.2
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AI summary

Tirupati Innovar Limited has issued a revised outcome for its Rights Issue Committee meeting held on April 24, 2026. The company has approved a rights issue of fully paid-up equity shares with a face value of ₹10 each, for a maximum amount of ₹47 crores. The revision corrects a typographical error in the earlier filing where the 'Last Date for On-Market Renunciation of Rights Entitlements' was incorrectly mentioned as Tuesday, May 12, 2026. The correct date is Monday, May 11, 2026. The Rights Issue will open on Thursday, May 7, 2026 and close on Friday, May 15, 2026. All other terms and conditions remain unchanged.

Likely market impact

The correction is administrative in nature and does not change the fundamental terms of the ₹47 crore rights issue. Existing shareholders will receive rights entitlements to subscribe to new shares at the predetermined issue price.