Tirupati Forge Limited — Others, 19-11-2024: Shareholders meeting

Tirupati Forge Ltd. held an Extra Ordinary General Meeting where shareholders voted on five key resolutions. All resolutions received overwhelming approval. Among them, an increase in authorized capital was sanctioned, along with the issuance of 1.47 crore equity shares at ₹32 each on a preferential basis. Additionally, the company secured permission for borrowings up to ₹100 crores, and for creating a mortgage on its assets.

This strategic move may enhance liquidity and financial flexibility, potentially boosting investor confidence given the positive turnout in voting. The approvals signal a proactive approach to support growth initiatives and operational stability.