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    ALPHA TRIBE

    Tirupati Forge Limited — Important, 06-01-2026: Disclosure of material issue

    06-01-2026 | 04:01 pm

    **TIRUPATIFL News:** Board has approved the conversion of 12.5 lakh convertible warrants into equity shares by a promoter.

    **Key Details:**

    * These new shares are issued at Rs.32 each (Rs.2 face value + Rs.30 premium).

    * The company has received the balance Rs.3 Cr from this warrant conversion.

    * This follows earlier conversions of 60 lakh warrants by other allottees, which previously brought in Rs.14.40 Cr. In total, the company has received Rs.17.40 Cr from warrant conversions so far from these tranches.

    **Investor Impact:**

    * **Dilution:** The total number of outstanding equity shares will increase by 12.5 lakh.

    * **Promoter Holding:** Promoter Chetna Mukeshbhai Thumar's stake has increased from 13.36% to 14.22% post-conversion.

    * **Capital Infusion:** This exercise provides a planned capital boost to the company's financials.

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