Tirupati Innovar Limited Appoints Mr. Manjotsingh Surjitsingh Oberoi as Additional Non-Executive Director

1 min read     Updated on 02 May 2026, 11:50 AM
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Tirupati Innovar Limited has appointed Mr. Manjotsingh Surjitsingh Oberoi as Additional Non-Executive Non-Independent Director with effect from May 02, 2026, subject to shareholder approval. The appointment was made based on the Nomination and Remuneration Committee's recommendation and disclosed to stock exchanges under SEBI Regulation 30. Mr. Oberoi brings 32 years of risk management experience across sectors including manpower, security services, fleet management, energy, agriculture, and retail.

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Tirupati Innovar Limited has announced the appointment of a new director to its board, marking a significant addition to the company's leadership structure. The appointment was formalized during a board meeting held on May 02, 2026, and disclosed to stock exchanges under Regulation 30 of SEBI Listing Regulations.

Board Appointment Details

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Manjotsingh Surjitsingh Oberoi (DIN: 09200308) as an Additional Non-Executive Non-Independent Director with effect from May 02, 2026. The appointment is subject to shareholders' approval.

Parameter: Details
Name: Mr. Manjotsingh Surjitsingh Oberoi
DIN: 09200308
Position: Additional Non-Executive Non-Independent Director
Effective Date: May 02, 2026
Status: Subject to shareholders' approval
Meeting Time: 10:40 AM to 11:20 AM

Director Profile and Experience

Mr. Manjotsingh Oberoi brings substantial experience to the board, with 32 years of expertise in risk management. His professional background encompasses multiple sectors and leadership roles:

Experience Area: Details
Total Experience: 32 years in Risk Management
Sector Expertise: Manpower, security services, fleet management, energy, agriculture, and retail
Leadership Roles: CEO and other key administrative, secretarial, and executive positions
Core Competencies: Building and scaling businesses, workforce management, regulatory compliance
Track Record: Operational excellence, client-centric solutions, business continuity and profitability

Regulatory Compliance and Disclosure

The appointment complies with all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Oberoi is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other authority. Additionally, he is not related to any existing directors of the company.

Stock Exchange Communication

The appointment was formally communicated to both BSE Limited (Scrip Code: 539040, Scrip ID: TTIL) and The Metropolitan Stock Exchange of India Limited. The company's ISIN code is INE812Q01016 with the trading symbol TIRUPATIIN.

Company Information

Tirupati Innovar Limited, formerly known as Tirupati Tyres Limited, is headquartered in Mumbai, Maharashtra. The company operates under CIN: L46209MH1988PLC285197 and maintains its registered office at Unit No. 606, Reliables Pride, Anand Nagar, Jogeshwari (W), Mumbai.

Historical Stock Returns for Tirupati Innovar

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+34.07%+122.90%+53.61%+13.33%+342.71%

What strategic initiatives might Tirupati Innovar pursue given Mr. Oberoi's extensive risk management expertise across multiple sectors?

How could the addition of a director with fleet management and energy sector experience signal potential diversification plans for the company?

Will shareholders approve this appointment at the next AGM, and what factors might influence their decision?

Tirupati Innovar Rights Issue Committee Approves Rs. 46.44 Crore Capital Raise

2 min read     Updated on 26 Apr 2026, 04:06 PM
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Tirupati Innovar Limited's Rights Issue Committee has approved a comprehensive rights issue of Rs. 46.44 crore comprising 4,64,42,650 equity shares at Rs. 10 per share. The issue maintains a 19:10 rights ratio with record date set for April 30, 2026, and opening scheduled for May 7, 2026, expanding the company's equity base from 24,44,350 to 4,66,87,000 shares upon full subscription.

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Tirupati Innovar Limited (formerly known as Tirupati Tyres Limited) has formally announced the outcome of its Rights Issue Committee meeting held on April 24, 2026, approving a rights issue of Rs. 46.44 crore. The committee confirmed comprehensive terms for the capital raising exercise following regulatory compliance requirements under SEBI regulations.

Rights Issue Terms and Structure

The Rights Issue Committee has established detailed terms for the capital raising exercise worth Rs. 46,44,26,500. The committee approved the issuance of 4,64,42,650 fully paid-up equity shares at Rs. 10.00 per share with face value of Rs. 10.00 each.

Parameter: Details
Issue Size: Rs. 46,44,26,500
Number of Shares: 4,64,42,650 equity shares
Issue Price: Rs. 10.00 per share
Face Value: Rs. 10.00 per share
Rights Ratio: 19:10 (19 shares for every 10 held)
Record Date: April 30, 2026

Issue Timeline and Key Dates

The rights issue follows a structured timeline with specific dates for various activities. The issue period spans from early May to mid-May 2026, providing shareholders adequate time to participate in the capital raising exercise.

Event: Date
Rights Issue Opening: May 7, 2026
Last Date for Market Renunciation: May 12, 2026
Rights Issue Closing: May 15, 2026
Record Date: April 30, 2026

Payment Terms and Structure

The rights issue requires full payment on application with no premium component. The committee has structured the payment terms to ensure accessibility for eligible shareholders.

Payment Component: Face Value Premium Total
On Application: Rs. 10.00 Rs. 0.00 Rs. 10.00
Subsequent Calls: - - -
Total Amount: Rs. 10.00 Rs. 0.00 Rs. 10.00

Share Capital Impact and Regulatory Compliance

The rights issue will significantly expand the company's equity base from the current 24,44,350 outstanding equity shares. Upon full subscription, the total outstanding equity shares will increase to 4,66,87,000 shares. The company has made necessary arrangements with NSDL and CDSL for crediting rights entitlements in dematerialized form to eligible shareholders' demat accounts prior to the issue opening date.

Share Capital Structure: Number of Shares
Current Outstanding Shares: 24,44,350
Rights Issue Shares: 4,64,42,650
Post-Issue Total: 4,66,87,000

Board Appointment and Leadership Changes

The company also approved the appointment of Mr. Manjotsingh Surjitsingh Oberoi (DIN: 09200308) as Additional Non-Executive Non-Independent Director effective April 24, 2026, subject to shareholder approval. Mr. Oberoi brings 32 years of experience in risk management across multiple business sectors including manpower, security services, fleet management, energy, agriculture, and retail.

Historical Stock Returns for Tirupati Innovar

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+34.07%+122.90%+53.61%+13.33%+342.71%

How will Tirupati Innovar utilize the Rs. 46.44 crore raised through this rights issue for its business expansion or debt reduction strategies?

What impact will the massive dilution from 24.44 lakh to 4.67 crore shares have on the company's earnings per share and market valuation?

Will the significant increase in equity base affect Tirupati Innovar's dividend policy and return ratios in the coming quarters?

More News on Tirupati Innovar

1 Year Returns:+13.33%