Tirupati Forge Limited — Important, 21-08-2025: Disclosure of material issue

#TIRUPATIFL Update: Board Approves Major Share Allotment!

**What's Happening:** TIRUPATIFL's Board approved the allotment of 3 Crore new equity shares arising from the conversion of convertible warrants. These shares were allotted to a non-promoter (Devansh Trademart LLP) at Rs.32/- per share, including a premium of Rs.30/-. This is part of the 11.76 Crore warrants initially issued by the company.

**Investor Impact:**

* **Share Dilution:** The increase in total outstanding shares means your existing stake, percentage-wise, will slightly decrease.

* **Capital Boost:** This conversion brings in a significant ~Rs.96 Crore to the company's coffers, strengthening its balance sheet and providing financial flexibility.

* **Confidence Signal:** The exercise of warrants by investors often signals their long-term commitment and confidence in the company's future prospects.

**Company's Move:** This action completes a crucial phase of TIRUPATIFL's earlier capital raising strategy, leveraging funds from investors who converted their warrants into equity. It's a strategic move to bolster the company's financial position.