Tirupati Innovar Limited (formerly known as Tirupati Tyres Limited) has formally notified stock exchanges about the record date for its Rs. 47 crore rights issue following regulatory compliance requirements. The company confirmed April 30, 2026 as the record date for determining eligible shareholders for rights entitlements under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details and Timeline

The rights issue committee has established comprehensive terms for the capital raising exercise worth Rs. 47,00,00,000. The Board of Directors fixed the record date in accordance with regulatory requirements for determining equity shareholders entitled to receive rights entitlements.

Issue Timeline and Trading 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.

Regulatory Compliance and Demat Arrangements

The company has made necessary arrangements with NSDL and CDSL for crediting rights entitlements in dematerialized form to eligible shareholders' demat accounts. In compliance with SEBI Master Circular SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024, rights entitlements will be credited prior to the issue opening date.

Share Capital Structure Impact

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 substantially to 4,66,87,000 shares.

Board Changes and Leadership

The company also appointed Mr. Manjotsingh Surjitsingh Oberoi (DIN: 09200308) as Additional Non-Executive Non-Independent Director effective April 24, 2026, subject to shareholder approval. The appointment brings additional expertise in risk management across multiple business sectors to support the company's growth initiatives.

Tirupati Innovar Limited (formerly Tirupati Tyres Limited) has announced the appointment of Ms. Yashaswi Jharbade as Company Secretary and Compliance Officer, effective March 02, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee to fill the casual vacancy created by the resignation of the previous Company Secretary.

Appointment Details

Ms. Jharbade will serve as a Key Managerial Personnel (KMP) of the company, bringing her professional qualification as a Company Secretary to the role. Her appointment ensures compliance with regulatory requirements under Section 203 of the Companies Act, 2013.

Regulatory Compliance and Disclosure

The appointment has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the said regulation. The company has fulfilled its disclosure obligations by formally notifying the stock exchanges, including BSE Limited (Scrip Code: 539040) and The Metropolitan Stock Exchange of India Ltd.

The disclosure was made in accordance with SEBI Circular No. CIR/CFO/CMD/4/2015 dated September 09, 2015, ensuring full transparency regarding the key managerial appointment.

Company Information

Tirupati Innovar Limited, formerly known as Tirupati Tyres Limited, operates under CIN L46209MH1988PLC285197. The company is headquartered in Mumbai, Maharashtra, with its registered office at Unit No. 606, Reliabiles Pride, Anand Nagar, opp. Heera Panna, Jogeshwari (W). The formal intimation was signed by Director Pavankumar Patel (DIN: 10856066) on behalf of the company, demonstrating proper corporate governance procedures in the appointment process.