Tirupati Tyres Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/12/2025 ,inter alia, to consider and approve Term and Condition of Right issue
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Tirupati Innovar Limited (formerly Tirupati Tyres Limited, BSE scrip code 539040) has informed BSE that a Rights Issue Committee meeting is scheduled around December 17-19, 2025. The Board has already approved a Rights Issue of fully paid-up equity shares (face value Rs. 10 each) for an amount not exceeding Rs. 47 crore, to be offered to eligible shareholders. The upcoming committee meeting will finalise the issue price, rights entitlement ratio, record date, payment mechanism, timing and other terms of the issue. The trading window for designated persons has been closed from December 12, 2025 until 48 hours after the committee meeting concludes, in line with insider trading norms.
Shareholders should watch for the record date announcement, as only those holding shares on that date will be eligible to subscribe to the Rights Issue. Depending on the issue price and entitlement ratio, this could lead to dilution and a short-term price adjustment, but also offers existing shareholders a chance to increase their stake at a potentially discounted price.