Tirupati Tyres Seeks Shareholder Approval for Rs 99 Crore QIP and Name Change to Tirupati Innovar Limited Aug 18, 2025
Tirupati Tyres Reports 393% YoY Revenue Growth in Q1 FY2026 Aug 18, 2025
More news about Tirupati Tyres
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.