Tirupati Forge Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

Tirupati Forge has announced a board meeting approving the allotment of 10 lakh equity shares at Rs.32 each to the promoter via conversion of convertible warrants, raising promoter holding to 10.12%. The company also revamped its Audit, Nomination & Remuneration, Stakeholder Relationship, and Corporate Social Responsibility Committees by appointing independent and non-executive directors, enhancing governance. This equity infusion signals stronger promoter commitment and tighter board oversight.