Tirupati Foam promoter Kalpesh Kothari sells 0.311% stake

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • 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
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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 Day5 Days1 Month6 Months1 Year5 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?

Tirupati Foam promoter sells 18 equity shares in open market

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Kalpesh B Kothari sold 18 equity shares in open market on September 9, 2026
  • Transaction represents 0.0% of total share and voting capital
  • Promoter stake remains unchanged at 1.535% post-sale
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Tirupati Foam promoter Kalpesh B Kothari sold 18 equity shares in the open market on September 9, 2026. The transaction represents a negligible 0.0% of the company’s total share and voting capital.

The disposal was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kothari, a member of the promoter group, reduced his holding from 67,674 shares to 67,656 shares following the sale.

Holding Details

The table below outlines the promoter’s shareholding position before and after the transaction.

Metric Before Sale After Sale
Shares held 67,674 67,656
% of voting capital 1.535% 1.535%
Shares sold 18

Kothari’s stake remains at 1.535% of the total diluted share capital. The company’s total equity share capital stands at ₹4,40,70,000, comprising 4,407,000 equity shares with a face value of ₹10 each.

No encumbrances, warrants, or convertible securities were involved in this specific transaction. The sale was executed through the Bombay Stock Exchange.

Historical Stock Returns for Tirupati Foam

1 Day5 Days1 Month6 Months1 Year5 Years
-4.95%-26.01%-30.97%-1.86%-19.39%0.0%

Will Kalpesh B Kothari continue to reduce his stake in Tirupati Foam in the coming quarters, or was this sale an isolated liquidity event?

How might this minor promoter disposal impact investor sentiment and the stock's short-term volatility on the Bombay Stock Exchange?

Are there any upcoming corporate actions, such as dividends or buybacks, that could explain the timing of this share reduction?

More News on Tirupati Foam

1 Year Returns:-19.39%