Tirupati Foam has disclosed a share sale by its promoter group under regulatory compliance requirements. Promoter group member Dhirajben Babulal Kothari sold equity shares in the company through open market transactions on the stock exchange during December 2025.

Share Sale Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals the following transaction details:

Transaction Timeline

The share sale occurred over multiple trading sessions between November 26 and December 10, 2025. The daily transaction breakdown shows:

Shareholding Pattern Changes

The promoter's shareholding position before and after the transaction:

Company Capital Structure

The company's equity share capital structure remains unchanged following this transaction:

Regulatory Compliance

The disclosure was submitted to BSE Limited's Corporate Services Department at P.J. Towers, Dalal Street, Mumbai, in compliance with SEBI regulations. The filing ensures transparency in promoter group transactions and maintains regulatory adherence for substantial shareholding changes.

The company secretary of Tirupati Foam Limited, located at Tirupati House, University Road, Ambawadi, Ahmedabad, was also notified of this transaction as part of the standard disclosure process.

Tirupati Foam Limited has announced a dividend of 10% (Re. 1 per share) for its shareholders, as approved by the company's Board of Directors. The record date for dividend eligibility has been set for September 22, 2025.

Dividend Details

The company will pay a dividend of Re. 1 per share on 4,407,000 equity shares, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This decision reflects the company's commitment to rewarding its shareholders.

Key Dates

Annual General Meeting

Tirupati Foam Limited has scheduled its 38th Annual General Meeting for Monday, September 29, 2025, at 3:30 PM. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in line with current corporate practices.

E-voting Information

Shareholders can participate in decision-making through electronic voting:

Other Board Decisions

The Board of Directors also approved several other matters during their meeting on August 28, 2025:

1. Appointment of M/S D.A Rupawala & Associates as scrutinizers for the e-voting process and poll at the AGM.
2. Approval of the Directors' Report and Annual Report for the financial year 2024-2025.
3. Re-appointment of Mr. Venibhai Purohit (DIN: 00155932) as a director, subject to shareholder approval.
4. Re-appointment of three Independent Directors for a second term of five years each:
   • Mr. Avanish R Shah (DIN: 09218941) - effective from June 1, 2026
   • Mr. Paresh D Kothari (DIN: 09280965) - effective from July 1, 2026
   • Mr. Mukesh M Shah (DIN: 09349128) - effective from September 1, 2026
5. Re-appointment of Mr. Gopalsinh Ratansinh Zala as Chief Financial Officer for another term of 5 years.

Investors and shareholders are advised to take note of these important dates and decisions. The dividend payment, subject to approval at the AGM, represents the company's financial performance and its policy of sharing profits with shareholders.

The announcement was made to the Bombay Stock Exchange by Company Secretary CS Aksha Memon, ensuring compliance with regulatory requirements and transparent communication with stakeholders.