Tirupati Foam promoter group sells 0.52% stake in open market
- Promoter group sold 22,990 equity shares representing 0.52% of capital
- Transaction conducted via open market on BSE Ltd on September 24, 2026
- Combined promoter holding reduced to 4.86% from 5.38% prior to sale
- Kalpesh B Kothari's stake fell to 0.55%, Dhirajben B Kothari's to 4.31%
*this image is generated using AI for illustrative purposes only.
Promoter group members Kalpesh B Kothari and Dhirajben B Kothari divested a combined 22,990 equity shares, representing 0.52% of the total paid-up capital of Tirupati Foam Limited . The sale was conducted through the open market mechanism on the BSE Ltd on September 24, 2026.
Following this latest disposal, Kalpesh B Kothari's holding reduced to 24,287 shares (0.55%), while Dhirajben B Kothari's holding stood at 1,89,745 shares (4.31%). The combined promoter group holding now constitutes 4.86% 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.
| Seller | Date | Shares Sold | % of Capital |
|---|---|---|---|
| Kalpesh B Kothari | Sep 24, 2026 | 11,495 | 0.26% |
| Dhirajben B Kothari | Sep 24, 2026 | 11,495 | 0.26% |
| Total | - | 22,990 | 0.52% |
Holding Pattern
Prior to these transactions, Kalpesh B Kothari held 35,782 shares (0.81%) and Dhirajben B Kothari held 2,01,240 shares (4.57%). The combined pre-transaction holding was 2,37,022 shares, accounting for 5.38% of the voting rights. There were no encumbrances reported on the shares either before or after the transaction.
Post-transaction, the individual holdings are as follows:
- Dhirajben B Kothari: 1,89,745 shares (4.31%)
- Kalpesh B Kothari: 24,287 shares (0.55%)
- Total Promoter Group: 2,14,032 shares (4.86%)
Historical Stock Returns for Tirupati Foam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.65% | +8.49% | -16.76% | -8.87% | -39.59% | 0.0% |
Will the continued reduction in promoter holding below the 5% threshold trigger any specific regulatory scrutiny or change in governance standards for Tirupati Foam Limited?
How might the declining promoter stake influence institutional investor confidence and future liquidity dynamics for Tirupati Foam shares?
Are there indications of a broader strategic exit by the Kothari family, or is this part of a planned gradual divestment to meet minimum public shareholding requirements?
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