Tirupati Foam promoter sells 18 equity shares in open market
- Promoter Kalpesh B Kothari sold 18 equity shares of Tirupati Foam Ltd
- Transaction occurred in the open market on September 9, 2026
- Stake reduction is negligible at 0.0% of total voting capital
- Promoter's remaining holding stands at 67,656 shares (1.535%)
*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -10.53% | +10.79% | +31.21% | +8.15% | +50.90% |
Is this sale part of a structured promoter exit strategy or merely a routine liquidity event?
How might continued small-scale promoter disposals impact retail investor sentiment and stock price stability in the near term?
Are there any upcoming corporate actions or financial results that could explain the timing of this specific transaction?
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