Tirupati Tyres Ltd — Board Meeting, 16-07-2025: Board Meeting

Tirupati Tyres' board has approved a plan to raise up to Rs 99 Cr through a Qualified Institutions Placement (QIP) by issuing equity shares. This strategic move is aimed at securing significant capital for the company. Shareholders' approval will be sought for this issuance via a postal ballot. The company has also appointed a merchant banker and constituted a QIP committee to manage this fundraising process, which is crucial for strengthening its financial position and supporting future growth initiatives.