Tirupati Forge Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting

Tirupati Forge Limited's board recently approved its Q1 standalone financial results. The company reported strong growth, with Total Income up 17.9% to ₹32.92 Cr, EBITDA rising 21.9% to ₹4.30 Cr, and PAT increasing 8.5% to ₹1.41 Cr, fueled by robust overseas demand.

Strategic moves include product diversification and a significant entry into the defense sector. The new defense facility's civil works are on track for March 2026 completion, with a license application by April 2026. A new solar plant was also commissioned.

Regarding prior funds, an unutilized ₹1.20 Cr stuck in a defaulted fixed deposit has been fully provisioned, with recovery efforts ongoing. Additionally, 1 million warrants were converted to equity.