Tirupati Forge Limited — Others, 12-12-2024: Addendum

Tirupati Forge Limited has provided an addendum/corrigendum to the previously passed Special Resolution related to item no. 3 from its Extraordinary General Meeting held on November 16, 2024. The company invites shareholder comments on modifications made to the Special Resolution, allowing a 48-hour window for feedback until December 14, 2024. The amendments pertain to the issuance of up to 1,23,10,000 convertible warrants at an issue price of Rs. 32 each, aggregating Rs. 39.39 crore, to be issued on a preferential basis.

This update highlights the company’s commitment to shareholder engagement and adjusting strategies to enhance capital raising efforts. Increased warrant issuance could bolster liquidity, positively influencing investor confidence and providing growth opportunities.