Tirupati Tyres Limited (TTL) has issued a corrigendum to its postal ballot notice, addressing typographical errors in the special resolution seeking shareholder approval for a significant company name change. The Mumbai-based company aims to rebrand itself as 'Tirupati Innovar Limited', reflecting its diversification beyond tyre manufacturing.

Corrigendum Details

The corrigendum clarifies several points in the original postal ballot notice:

1. The proposed name change from 'Tirupati Tyres Limited' to 'Tirupati Innovar Limited' has been officially approved by the Central Registration Centre (CRC).
2. The e-voting period for shareholders remains unchanged.
3. Shareholders who have already cast their votes can modify them by emailing the scrutinizer at csvishakhaagarwal@gmail.com before the voting deadline.

Business Diversification

TTL's decision to change its name stems from a significant shift in its business focus. Originally a tyre manufacturer, the company has diversified into:

• Agriculture: Cultivation and production of crops, fruits, vegetables, and grains
• Infrastructure-related activities
• Goldsmith and silversmith business

The Board of Directors approved this name change decision, believing it better aligns with the company's current activities and strategic direction.

Regulatory Compliance

The corrigendum emphasizes that the name change complies with Section 13 of the Companies Act, 2013, and Regulation 45(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A revised certificate from a practicing Chartered Accountant confirming compliance with SEBI regulations has been attached to the explanatory statement.

Impact on Existing Commitments

Tirupati Tyres assures stakeholders that the proposed name change will not affect the company's legal status or constitution. All existing contracts, obligations, and commitments under the current name will remain valid and enforceable.

The Board of Directors recommends shareholders approve this special resolution, marking a new chapter in the company's evolution from a tyre manufacturer to a diversified enterprise.

Tirupati Tyres Ltd (TTL), a Mumbai-based company, announced significant changes to its board of directors following a meeting held on August 28, 2025. The company has appointed new leadership while bidding farewell to two of its existing directors, marking a notable shift in its governance structure.

New Appointments

TTL has made two key appointments to strengthen its board:

1. Mr. Nilesh Shyamlal Koshti has been appointed as Additional Executive Director and Chairman of the company. With experience in business and operations, Mr. Koshti's appointment is for a term of five years, effective August 28, 2025, subject to shareholder approval.

2. Mr. Akash Jitendra Kumar Patel joins the board as an Additional Non-Executive and Independent Director. Mr. Patel brings expertise in management and financial administration. His appointment is also for a five-year term, starting August 28, 2025, and is subject to shareholder approval.

Resignations

The company also announced the resignation of two directors:

1. Mr. Harsh Pravinbhai Patel, who served as a Non-Executive and Non-Independent Director, stepped down from his position on August 27, 2025.

2. Mr. Kunj Patel, who held the position of Non-Executive and Independent Director, also resigned on August 27, 2025.

Both Mr. Harsh Patel and Mr. Kunj Patel cited personal reasons for their resignations. The company confirmed that there were no material reasons for their departures other than those provided. It's worth noting that both resigning directors hold directorships in Heads Up Ventures Limited.

Board Restructuring and Compliance

In light of these changes, Tirupati Tyres has taken several additional steps:

1. The board approved the notice for the company's 37th Annual General Meeting.
2. The Audit Committee, Nomination & Remuneration Committee, and Stakeholder Committee have been reconstituted to reflect the new board composition.

These appointments and resignations are part of TTL's efforts to maintain an optimal combination of directors on its board, as stated in the company's regulatory filing.

The board meeting, which commenced at 5:00 PM and concluded at 5:10 PM on August 28, 2025, was held at the company's registered office in Mumbai.

Tirupati Tyres Ltd, listed on the BSE and the Metropolitan Stock Exchange of India, has made these disclosures in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the company moves forward with its new leadership, shareholders and market watchers will be keen to see how these changes influence Tirupati Tyres' strategic direction and performance in the coming years.