Share Holder meeting through Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tirupati Tyres Limited (Scrip Code: 539040) has issued a Postal Ballot Notice dated June 21, 2025, seeking shareholder approval via remote e-voting for a Special Resolution to alter the Main Objects Clause of its Memorandum of Association by adding four new business objects. The new objects cover (i) agriculture and farming, livestock, and food processing, (ii) real estate development, construction, and property dealing, (iii) building and managing commercial, residential, and industrial premises, and (iv) jewellery, gold/silver, gems, diamonds, and related trading. E-voting opens on June 25, 2025 (9:00 AM) and closes on July 24, 2025 (5:00 PM), with the cut-off date for eligibility being June 20, 2025. The Board approved this diversification plan at its meeting on June 21, 2025, stating the existing object clause is too narrow. The company has appointed Vishakha Agrawal and Associates as Scrutinizer, and results will be announced within two working days of the e-voting close.
This signals a major diversification pivot for the company from its core tyres business into agriculture, real estate, and jewellery — sectors unrelated to its current operations. Shareholders should evaluate the strategic rationale and management's track record before approving, as the change could materially reshape the company's business profile and risk exposure.