Tirupati Foam promoter Kalpesh Kothari sells 0.311% stake
- Promoter Kalpesh B Kothari sold 13,717 shares, reducing his stake by 0.311%
- Sale executed via open market on BSE between September 10 and September 21, 2026
- Post-sale holding stands at 53,939 shares, representing 1.224% of total share capital
- Total equity share capital of Tirupati Foam Limited is ₹4,40,70,000

*this image is generated using AI for illustrative purposes only.
Promoter Kalpesh B Kothari divested 13,717 equity shares, representing 0.311% of the total paid-up capital of Tirupati Foam Limited . The sale was conducted through the open market mechanism on the BSE Ltd.
The transactions occurred over four trading days in September 2026. Following the disposal, the promoter's holding has reduced to 53,939 shares, constituting 1.224% of the company's share capital.
Transaction Details
The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total equity share capital of the target company stands at ₹4,40,70,000, comprising 44,07,000 equity shares of ₹10 each.
| Date | Number of Shares Sold |
|---|---|
| September 10, 2026 | 68 |
| September 11, 2026 | 114 |
| September 15, 2026 | 1 |
| September 17, 2026 | 1,022 |
| September 18, 2026 | 5,950 |
| September 21, 2026 | 6,562 |
| Total | 13,717 |
Holding Pattern
Prior to the sale, Kalpesh B Kothari held 67,656 shares, accounting for 1.535% of the voting rights. There were no encumbrances reported on the shares either before or after the transaction. The remaining promoter group holding details were not disclosed in this filing.
Historical Stock Returns for Tirupati Foam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.95% | -26.01% | -30.97% | -1.86% | -19.39% | 0.0% |
Does this reduction in promoter holding signal a potential exit strategy for Kalpesh B Kothari?
How might the market interpret this divestment regarding the company's future growth prospects?
Are there plans for other promoter group members to adjust their holdings in the near future?


































