Tirupati Innovar Limited has announced the resignation of Mr. Bharat Babubhai Sakariya from his position as Independent Director, effective April 25, 2026. The company informed stock exchanges about this development through official regulatory filings pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Sakariya tendered his resignation letter on April 25, 2026, citing his inability to devote adequate time to the company's affairs due to preoccupation. The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by Mr. Sakariya during his association with the company as an Independent Director.

Regulatory Compliance and Disclosure

The resignation was communicated to BSE Limited (Scrip Code: 539040, Scrip ID: TTIL) and The Metropolitan Stock Exchange of India Ltd in compliance with listing regulations. As required under SEBI regulations, Mr. Sakariya confirmed that there are no other material reasons for his resignation beyond those disclosed.

Other Directorships and Committee Memberships

Mr. Sakariya currently holds directorship in other listed entities and serves on various committees:

Company Information

Tirupati Innovar Limited, formerly known as Tirupati Tyres Limited, operates with CIN: L46209MH1988PLC285197. The company is headquartered at Unit No. 606, Reliables Pride, Anand Nagar, opp. Heera Panna, Jogeshwari (W), Mumbai, Maharashtra, 400102.

In his farewell message, Mr. Sakariya expressed sincere appreciation for the cooperation and support provided by his colleagues on the Board during his tenure as Director. The resignation represents a routine corporate governance matter handled in full compliance with applicable regulatory requirements.

Tirupati Innovar Limited has strengthened its board composition with the appointment of Mr. Manjotsingh Surjitsingh Oberoi as Additional Non-Executive Non-Independent Director. The appointment was formalized during the Board of Directors meeting held on April 24, 2026, and takes effect from the same date.

Board Appointment Details

The company's Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee. The appointment complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background and Expertise

Mr. Oberoi brings substantial experience to the Tirupati Innovar board, with 32 years of specialized experience in risk management. His professional background spans multiple industry sectors, demonstrating versatility and comprehensive business acumen.

Key Areas of Expertise

• Risk Management: Three decades of specialized experience
• Multi-sector Operations: Manpower, security services, fleet management
• Diverse Industries: Energy, agriculture, and retail sectors
• Leadership Roles: Including CEO positions across reputed organizations
• Operational Excellence: Large-scale workforce management and regulatory compliance

Professional Competencies

Mr. Oberoi's career demonstrates a strong track record in strategic business development and operational management. His expertise encompasses building and scaling businesses across various sectors, with particular strength in leadership, operations, and strategic growth initiatives.

Regulatory Compliance and Independence

The appointment adheres to all regulatory requirements and disclosure norms. Mr. Oberoi has no familial relationships with existing directors of the company, ensuring appropriate board independence structure. Additionally, he is not debarred from holding directorship positions by SEBI or any other regulatory authority, as confirmed in the company's disclosure pursuant to BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

Strategic Implications

The addition of Mr. Oberoi to the board is expected to enhance the company's strategic capabilities, particularly in risk management and multi-sector business operations. His extensive experience in delivering operational excellence and client-centric solutions aligns with the company's growth objectives and commitment to business continuity and profitability through effective planning and execution.