Tirupati Forge Limited — Others, 05-08-2025: Action(s) initiated or orders passed

Tirupati Forge Limited received an advisory from the National Stock Exchange (NSE) regarding non-compliance. The issue stems from a significant delay in applying the required lock-in period for 1.176 Cr convertible warrants, specifically 0.076 Cr warrants from May 02 and 1.10 Cr warrants from May 14, over two months after their allotment. This violates SEBI's regulations concerning the lock-in of unlisted convertible securities. The company confirms the advisory has no immediate financial or operational impact. Tirupati Forge has acknowledged the matter and is actively taking steps to ensure full regulatory compliance and prevent future occurrences.