Tirupati Tyres Limited has announced plans for a significant capital raise and a corporate rebranding initiative, subject to shareholder approval. The company's Board of Directors has proposed two special resolutions through a postal ballot, aiming to fuel growth and reflect its evolving business focus.

Proposed Qualified Institutions Placement (QIP)

The company is seeking shareholder approval to raise up to Rs 99.00 crore through a Qualified Institutions Placement (QIP) of equity shares. This decision, approved by the Board on July 16, 2025, aims to capitalize on growth opportunities and strengthen the company's financial position.

Key details of the proposed QIP include:

• Issue of equity shares with a face value of Rs 10 each
• Target investors: Qualified Institutional Buyers (QIBs)
• Intended use of funds: Growth opportunities, expansion, working capital requirements, and general corporate purposes

Corporate Rebranding Initiative

In a strategic move to align its identity with its diversified business activities, Tirupati Tyres Limited is proposing to change its name to 'Tirupati Innovar Limited'. This decision, made by the Board on July 24, 2025, reflects the company's expansion beyond its original tyre manufacturing focus.

The name change aims to encompass the company's ventures into:

• Agriculture
• Infrastructure
• Goldsmith and silversmith businesses

Shareholder Voting Process

The company has initiated a postal ballot process for these resolutions:

• E-voting period: August 19, 2025 (9:00 AM) to September 17, 2025 (5:00 PM)
• Cut-off date for voting eligibility: August 15, 2025

Management Commentary

Pavankumar Patel, Director of Tirupati Tyres Limited, stated in the postal ballot notice, "The proposed name change to Tirupati Innovar Limited better reflects our revised corporate identity and strategic direction. This rebranding, coupled with the QIP, positions us to capitalize on diverse growth opportunities across our expanded business portfolio."

Financial Performance

For the quarter ended June 30, 2025, Tirupati Tyres Limited reported:

These figures demonstrate a significant improvement compared to the same quarter in the previous year, indicating positive momentum in the company's operations.

Investors and stakeholders are advised to review the full postal ballot notice and financial results available on the company's website for comprehensive details on the proposed resolutions and recent performance.

Tirupati Tyres Limited, a manufacturer of tyres and related products, has announced its financial results for the first quarter of the fiscal year 2025-26, showcasing significant year-on-year growth despite a sequential decline in revenue.

Strong Year-on-Year Performance

The company reported a total income from operations of ₹110.96 lakhs for the quarter ended June 30, 2025, marking a substantial increase of 393% compared to ₹22.47 lakhs in the same quarter of the previous year. This impressive growth demonstrates the company's ability to expand its market presence and capitalize on increasing demand.

Profitability Surge

Tirupati Tyres' net profit after tax for Q1 FY2026 stood at ₹68.49 lakhs, showing a remarkable year-on-year growth of 500% from ₹11.42 lakhs in Q1 FY2025. This significant improvement in profitability indicates enhanced operational efficiency and effective cost management strategies implemented by the company.

Sequential Performance

While the year-on-year figures are impressive, it's worth noting that the company experienced a sequential decline in revenue. The total income from operations decreased from ₹1,098.93 lakhs in the previous quarter (Q4 FY2025) to ₹110.96 lakhs in Q1 FY2026. However, the company managed to maintain stable profit levels despite this revenue drop.

Key Financial Metrics

All financial figures are in ₹ lakhs, except for EPS

The company's earnings per share (EPS) remained consistent at ₹0.03, both on a sequential and year-on-year basis.

Capital Structure

Tirupati Tyres maintained its paid-up equity share capital at ₹2,444.35 lakhs, indicating no changes in the company's equity structure during the quarter.

Management Approval

The Board of Directors of Tirupati Tyres Limited approved these unaudited financial results at a meeting held on August 13, 2025, as per the regulatory filing.

Investors and stakeholders will be keenly watching how Tirupati Tyres builds on this strong year-on-year growth and addresses the sequential revenue decline in the coming quarters. The company's ability to maintain profitability despite fluctuating revenues suggests resilience in its business model and operational strategies.