Tirupati Foam Limited promoter Kalpesh Babulal Kothari sold 7,712 equity shares, representing 0.17% of the company's share capital, through the open market on October 5, 2026. This transaction reduces his holding to 0.38% of the total voting rights.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale was executed via the BSE Ltd. The promoter group includes Mrs. Dirajben B Kothari and Mr. Kalpesh Babulal Kothari.

Transaction Details

The sale comprised two tranches executed in late September 2026, with the aggregate impact reported on October 5, 2026. The total equity share capital of Tirupati Foam remained unchanged at ₹4,40,70,000, comprising 44,07,000 equity shares with a face value of ₹10 each.

Share Sale Breakdown

The total disposal of 7,712 shares occurred across two specific dates prior to the filing date:

• September 25, 2026: 3,981 shares sold
• September 28, 2026: 3,731 shares sold

What the Numbers Show

Kalpesh Babulal Kothari’s stake declined from 0.55% to 0.38% following this transaction. The sale represents a reduction of approximately 31.7% of his pre-transaction holding (7,712 out of 24,287 shares). The promoter group continues to hold a minority stake in the company, with no encumbrances or convertible securities disclosed in the filing.

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.

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%)