Tirupati Forge Limited has issued a second corrigendum to its Extraordinary General Meeting (EGM) notice dated July 07, 2026, to rectify errors in the shareholding pattern table disclosed in the explanatory statement. The company clarified that this update, designated as Corrigendum-II and dated July 27, 2026, specifically addresses inaccuracies in Item No. 2 of the original notice, which pertains to the preferential issue of convertible warrants. The EGM is scheduled to be held on July 31, 2026, at 11:00 A.M. (IST) via Video Conferencing and Other Audio Visual Means (VC/OAVM). Shareholders must note that the corrigendum forms an integral part of the notice and must be read in conjunction with the original notice and the first corrigendum issued on July 17, 2026.

The primary purpose of Corrigendum-II was to correct the pre- and post-issue shareholding percentages and absolute numbers presented on page 22 of the explanatory statement. The previous disclosure contained discrepancies in the promoter and non-promoter holding calculations. The updated table reflects the shareholding pattern as of June 30, 2026, for the pre-issue position, and assumes full subscription and conversion of the 37,00,000 proposed convertible warrants along with 8,50,000 warrants currently pending conversion for the post-issue position.

The corrected shareholding structure reveals that promoters hold 49.75% of the equity before the issue, which increases to 50.82% post-conversion. Non-promoters' holding stands at 50.25% pre-issue and decreases to 49.18% post-issue. The grand total shares outstanding are corrected to 12,91,90,000 pre-issue and 13,37,40,000 post-issue.

The company emphasized that all other items in the EGM notice, including the proposal for the preferential allotment of warrants to promoter group members Bhargavi Thummar, Hiteshkumar Gordhanbhai Thummar, and Chetna Thummar, remain unchanged from the previous disclosures. The price per warrant remains fixed at ₹58.00 as per the earlier filings.

Remote e-voting for the EGM commences on Tuesday, July 28, 2026, at 9:00 A.M. (IST) and concludes on Thursday, July 30, 2026, at 5:00 P.M. (IST). The cut-off date for determining voting eligibility is Friday, July 24, 2026. Tirupati Forge confirmed that Corrigendum-II was dispatched to members prior to the start of the e-voting period and published in newspapers in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tirupati Forge Limited has convened an Extraordinary General Meeting (EGM) on July 31, 2026, to seek shareholder approval for the issuance of 37,00,000 convertible warrants on a preferential basis. The company aims to raise ₹21.46 crore through this issuance, which will be directed towards promoters and the promoter group. The funds raised will be utilized for working capital requirements, the purchase of land, plant and machinery, and other general corporate purposes.

The board proposes to issue the warrants at a price of ₹58 each, comprising a face value of ₹2 and a premium of ₹56. The pricing is determined in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and is not less than the higher of the 90-day and 10-day volume weighted average price (VWAP) preceding the relevant date. The 90-day VWAP was ₹47.21, while the 10-day VWAP was ₹57.75.

The warrants are convertible into one fully paid-up equity share each, with an exercise period of 18 months from the date of allotment. The proposed allottees include Hiteshkumar Gordhanbhai Thummar, Bhargvi Manojbhai Thummar, and Chetna Mukeshbhai Thumar. The allotment is subject to a lock-in period as specified under the SEBI ICDR Regulations.

Post-issue, the promoter holding is expected to increase to 51.14% from the current 49.75%, assuming full conversion of the warrants into equity shares. The company stated that the preferential issue will not result in any change in the management or control of the company. The equity shares issued upon conversion will rank pari-passu with existing shares, including dividend rights.

The remote e-voting facility will commence on July 28, 2026, and conclude on July 30, 2026. Shareholders recorded in the register of members or beneficial owners as of the cut-off date, July 24, 2026, will be entitled to vote. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process.