Tirupati Forge Approves ₹21.46 Crore Preferential Warrant Issue

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Revised outcome of board meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Not Specified

Not Specified

Capital Structure Changes:

Approved increase in Authorised Share Capital from ₹26,50,00,000 (Rupees Twenty-Six Crores Fifty Lakhs Only) to ₹27,50,00,000 (Rupees Twenty-Seven Crores Fifty Lakhs Only)
Corresponding amendments to Clause V of the Memorandum of Association subject to shareholder approval
Existing authorized capital: ₹26,50,00,000 divided into 13,25,00,000 equity shares of ₹2 each
Proposed authorized capital: ₹27,50,00,000 divided into 13,75,00,000 equity shares of ₹2 each

Preferential Issue:

Approved issuance of up to 37,00,000 (Thirty-Seven Lakh) Convertible Equity Warrants
Issue price: ₹58.00 (Rupees Fifty-Eight Only) each, comprising Face Value of ₹2 and Premium of ₹56 per Warrant
Total issue size: ₹21,46,00,000 (Rupees Twenty-One Crores Forty-Six Lakhs Only)
Warrants convertible into 1 Equity Share of Face Value ₹2 each at Premium of ₹56 each
Issue to Promoter/Promoter Group on preferential basis
Relevant date for pricing: Wednesday, July 1, 2026
25% of issue price payable at time of warrant allotment

Investor Allocation:

1. Hiteshkumar Godhanbhai Thummar (Promoter) - 9,25,000 warrants

2. Bhargvi Manojbhai Thummar (Promoter) - 13,87,500 warrants

3. Chetna Mukeshbhai Thumar (Promoter Group) - 13,87,500 warrants

EGM Arrangements:

Extra Ordinary General Meeting scheduled for Friday, July 31, 2026
Mr. Piyush Jethva (FCS: 6377, C.P. 5452) appointed as Scrutinizer
National Securities Depository Limited (NSDL) appointed to provide E-voting facility

Purpose of capital increase: to facilitate future fund-raising requirements
The preferential issue is being made in accordance with SEBI (ICDR) Regulations, 2018