Tirupati Forge Limited — Important, 17-10-2025: Disclosure of material issue

TIRUPATI FORGE LIMITED's Board has approved the allotment of 20 lakh new equity shares to Promoter Bhargavi Manojbhai Thummar. These shares are issued upon the conversion of an equal number of her convertible warrants, priced at Rs. 32 each (face value Rs. 2 + premium Rs. 30).

**Key Takeaways for Investors:**

* **Action:** The company is increasing its share capital by allotting 20 lakh new shares to a promoter from warrant conversions.

* **Capital Infusion:** This conversion injects Rs. 4.80 crore into the company, representing the balance 75% payment for these warrants. This is part of a larger plan where the company initially issued 1.176 crore convertible warrants, with 40 lakh warrants already converted previously by other allottees, bringing in Rs. 9.60 crore.

* **Shareholding Impact:** Post-conversion, Bhargavi Manojbhai Thummar's individual stake in the company increases from 2.52% to 5.03%. This new share allotment leads to an increase in the overall outstanding shares and consequently a proportionate dilution for other existing shareholders.