Tirupati Forge Allots 25.6 Lakh Shares via Warrant Conversion

• Tirupati Forge board approved preferential allotment of 25.6 lakh equity shares at ₹32 per share via warrant conversion.
• Two allottees (promoter and non-promoter) paid ₹6.14 crore balance consideration to convert 25.6 lakh warrants into equity shares.
• The new shares will rank pari passu with existing shares for dividends and voting rights per SEBI regulations.
• Total warrant conversion now stands at 1.09 crore shares with 8.5 lakh warrants still pending conversion.