Tirupati Foam promoter Kalpesh B Kothari sold 21 equity shares in the open market on September 8, 2026. The disclosure was filed with the Bombay Stock Exchange on September 9, 2026.

The transaction involved the sale of 21 shares, representing 0.001% of the company’s total share and voting capital. This disposal was executed through the stock exchange in the open market.

Shareholding Changes

Prior to the sale, Kalpesh B Kothari held 67,695 equity shares, constituting 1.536% of the total diluted share and voting capital. Following the transaction, his holding decreased to 67,674 shares, or 1.535% of the capital.

Regulatory Disclosure

The sale was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Tirupati Foam Limited’s total equity share capital stands at ₹4,40,70,000, comprising 4,407,000 equity shares with a face value of ₹10 each. This figure remained unchanged before and after the transaction.

Tirupati Foam Limited shareholders unanimously approved all eight resolutions at its 39th Annual General Meeting (AGM) held on August 20, 2026. The company confirmed that every item on the agenda received 100% of valid votes cast, with no dissenting or invalid votes recorded across any resolution.

The meeting, conducted via video conferencing in compliance with SEBI LODR Regulations 2015, commenced at 3:30 pm and concluded at 3:46 pm. Requisite quorum was present as per Section 103 of the Companies Act, 2013. The final voting results were consolidated by Scrutinizer D.A. Rupawala & Associates and filed with the Bombay Stock Exchange on August 22, 2026.

Voting Breakdown

Remote e-voting was conducted from August 17, 2026, at 9:00 am to August 19, 2026, at 5:00 pm. Members who did not vote electronically during this window were given an additional 30 minutes after the conclusion of the AGM to cast their votes via the INSTAVOTE platform provided by MUFG Intime India Private Limited.

Key Resolutions Passed

Shareholders approved several ordinary and special business items during the proceedings. The primary resolutions included:

• Adoption of the audited financial statements for FY26.
• Reappointment of Roshan P Sanghavi, Deepak T Mehta, and Satish A Mehta as directors, all of whom were retiring by rotation.
• Approval of the recommended dividend for the fiscal year.
• Ratification of the remuneration for Cost Auditor B.R. & Associates for FY27.
• Reappointment of Manish R Patel as a Non-Executive and Independent Director for his second term.
• Approval for the sale or disposal of surplus land and building parcels located in Noida.

Audit and Governance

The statutory auditors, F P and Associates, issued an unqualified opinion on the financial statements for FY26. The audit report contained no qualifications, observations, or adverse comments regarding matters material to the company’s functioning.

The meeting was chaired by Chairman and Managing Director Roshan P Sanghvi. Other key attendees included Statutory Auditor Fenil Shah, Scrutinizer D A Rupawala, Cost Auditor Rahul Bandiwadekar, Secretarial Auditor Hussain Bootwala, and Chief Financial Officer Gopalsinh Zala.