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.

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. CS Aksha Memon, Company Secretary and Compliance Officer, signed the disclosure on behalf of Tirupati Foam Limited.

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.