Tirupati foam promoter group member Dhirajben B Kothari has completed the sale of 100 equity shares through open market transaction on BSE Limited. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on February 25, 2026.

Transaction Details

The sale represents a minor adjustment in the promoter group's shareholding pattern. The transaction details are summarized below:

Shareholding Pattern Changes

The transaction resulted in minimal changes to Kothari's overall shareholding in the company:

Company Share Capital Structure

Tirupati Foam Limited's equity share capital structure remains unchanged following this transaction:

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. The transaction was executed through the stock exchange mechanism, ensuring transparency and regulatory adherence. The promoter group member has fulfilled all disclosure requirements under the applicable regulations.

The sale represents a routine portfolio adjustment by the promoter group member, with the overall shareholding percentage remaining effectively unchanged due to the minimal quantum of shares involved in the transaction.

Tirupati Foam Limited has formally disclosed the acquisition of equity shares through inheritance under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the transmission of 7500 equity shares from the deceased promoter group member Smt. Kamla Mehta to her husband Mr. Takhatmal Mehta.

SEBI SAST Disclosure Details

The company submitted the mandatory disclosure to BSE Limited on 19.02.2025, following the share transmission process. The acquisition represents 0.17% of the total share capital of Tirupati Foam Limited through inheritance.

Shareholding Pattern Changes

The disclosure reveals the complete shareholding transition of Mr. Takhatmal Mehta before and after the inheritance. Prior to this acquisition, he held 17500 shares representing 0.40% of the company's voting capital.

Company Capital Structure

Tirupati Foam Limited's equity share capital remains unchanged following this internal transmission. The company's total equity share capital stands at Rs. 4,40,70,000 comprising 4407000 equity shares with a face value of Rs. 10 each.

Regulatory Compliance

The disclosure was signed by CS Aksha Memon, Company Secretary and Compliance Officer, ensuring adherence to SEBI regulations. Mr. Takhatmal Mehta also submitted his acknowledgment as the acquiring promoter group member. The transmission follows the earlier notification regarding Smt. Kamla Mehta's demise and her automatic cessation from the promoter group under Regulation 31A of SEBI LODR Regulations 2015.