Latest news about Tirupati Innovar
Tirupati Innovar
7.17
+0.09(+1.27%)
Company Performance:
View Company Insights1D+1.27%
1M-9.01%
6M-10.93%
1Y-33.18%
5Y+103.69%
More news about Tirupati Innovar
28Aug 25
Tirupati Tyres Reshuffles Board: New Chairman and Independent Director Appointed, Two Directors Step Down
Tirupati Tyres Ltd (TTL) has made significant changes to its board of directors. Mr. Nilesh Shyamlal Koshti has been appointed as Additional Executive Director and Chairman, while Mr. Akash Jitendra Kumar Patel joins as Additional Non-Executive and Independent Director, both for five-year terms starting August 28, 2025. Concurrently, Mr. Harsh Pravinbhai Patel and Mr. Kunj Patel have resigned from their positions as directors, citing personal reasons. The company has also reconstituted its Audit Committee, Nomination & Remuneration Committee, and Stakeholder Committee in light of these changes.
18Aug 25
Tirupati Tyres Seeks Shareholder Approval for Rs 99 Crore QIP and Name Change to Tirupati Innovar Limited
Tirupati Tyres Limited announces plans for a Rs 99 crore capital raise through a Qualified Institutions Placement (QIP) and a corporate rebranding to Tirupati Innovar Limited. The company seeks shareholder approval for these initiatives via postal ballot. The QIP aims to fund growth opportunities and working capital needs. The name change reflects the company's expansion into agriculture, infrastructure, and goldsmith businesses. For Q2 2025, the company reported a total income of Rs 110.96 lakh and net profit after tax of Rs 68.49 lakh, showing significant improvement from the previous year.
18Aug 25
Tirupati Tyres Reports 393% YoY Revenue Growth in Q1 FY2026
Tirupati Tyres Limited announced Q1 FY2026 results with total income from operations at ₹110.96 lakhs, up 393% YoY. Net profit surged 500% YoY to ₹68.49 lakhs. However, revenue declined sequentially from ₹1,098.93 lakhs in Q4 FY2025. EPS remained stable at ₹0.03. The company maintained its paid-up equity share capital at ₹2,444.35 lakhs. The Board of Directors approved these unaudited financial results on August 13, 2025.
25Jul 25
Tirupati Tyres Shareholders Approve Major Business Expansion into Agriculture and Real Estate
Tirupati Tyres Limited received 99.40% shareholder approval to expand its business scope into agriculture, real estate, and precious metals trading. The approval came through a postal ballot with 117 members participating. The company's new ventures include agricultural activities, real estate development, and trading in precious metals and jewelry. The Board of Directors has also approved a proposal to change the company's name, considering options like 'Tirupati Innovar Limited,' 'Tirupati Corevia Limited,' or 'Tirupati TerraAxis Limited,' subject to regulatory and shareholder approval.
16Jul 25
Tirupati Tyres Unveils Plans for ₹990 Crore Qualified Institutional Placement
Tirupati Tyres Limited (TTL) has announced plans to raise up to ₹990 crore through a Qualified Institutional Placement (QIP). The Board of Directors approved the fundraising effort, which will involve issuing equity shares to qualified institutional buyers. The QIP will be implemented in one or more tranches. Additional board decisions include appointing a merchant banker, conducting a postal ballot for shareholder approval, setting July 18, 2025, as the cut-off date for the ballot, forming a QIP Committee, and appointing a scrutinizer for the postal ballot process. The company emphasizes that the fundraising will comply with relevant laws and regulations.
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