The Board of Directors of the Company convened the postponed meeting today, which was originally scheduled for 06th December 2025.
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▲ 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's Board of Directors met on Friday, December 12, 2025 (a meeting postponed from December 6, 2025) and approved a Rights Issue to raise up to Rs. 47 crore by issuing equity shares of face value Rs. 10 each to existing shareholders on a proportionate basis. The Board also approved the draft Letter of Offer to be filed with BSE and MSEI, and constituted a Rights Issue Committee chaired by Mr. Kiran Parsotambhai Makhecha with two other members to oversee the process. The exact price, entitlement ratio and record date will be decided and notified later. The company is formerly known as Tirupati Tyres Limited and carries BSE scrip code 539040.
Existing shareholders will get the right (but not the obligation) to subscribe to additional shares pro-rata, which could lead to share dilution if not fully subscribed. Watch for the record date announcement and the rights entitlement ratio — the stock may see a price adjustment around the ex-rights date.