Tirupati Tyres Ltd — Updates, 26-05-2025: Company Update

Tirupati Tyres Limited has announced a board meeting outcome regarding its proposed rights issue to raise ₹48.89 Cr by issuing 4.89 crore equity shares at ₹10 each in a 2:1 ratio. Due to insufficient subscription, the company has decided to withdraw the rights issue. Funds blocked for the issue are being unblocked, and shareholders are advised to contact the registrar, Skyline Financial Services, if amounts remain blocked. This decision impacts the company's capital raising plans and signals challenges in attracting additional equity from existing shareholders.