Tirupati Foam Ltd

Dematerialisation processing and listing status

• Dematerialisation requests were processed and confirmed to depositories (accepted or rejected) during the period.
• Securities dematerialised have been listed on the exchanges where earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification, with the depository substituted as owner.
• Substitution of depository as registered owner completed within prescribed timelines.

Regulation 29(2) disclosures – Tirupati Foam

• Target Company: Tirupati Foam Limited.
• Disclosing Party: Mrs. Dhirajben B. Kothari and Mr. Kalpesh B. Kothari; Promoter Group.
• Transaction Type: Sale/disposal of 11,495 equity shares per seller in open market.
• Pre-Transaction Holding: Dhirajben B. Kothari – 201,240 shares (4.57%).
• Pre-Transaction Holding: Kalpesh B. Kothari – 35,782 shares (0.81%).
• Pre-Transaction Total (including PAC): 237,022 shares (5.38%).
• Post-Transaction Holding: Dhirajben B. Kothari – 189,745 shares (4.31%).
• Post-Transaction Holding: Kalpesh B. Kothari – 24,287 shares (0.55%).
• Post-Transaction Total: 214,032 shares (4.86%).
• Date of Transaction: 24 September 2026.
• Mode of Transaction: Open Market.
• Encumbrances: Pre-transaction encumbered shares were 237,022.
• Stock Exchange: BSE Ltd.
• Share Capital Context: Before and after sale unchanged at 4,407,000 equity shares (Rs 4,40,70,000).
• Total diluted share/voting capital after sale: 4,407,000 shares.

Transaction summary

• Target Company: Tirupati Foam Limited.
• Disclosing Party: Mrs. Dhirajben B. Kothari and Mr. Kalpesh B. Kothari; Promoter group.
• Transaction Type: Sale of shares in open market.
• Pre-Transaction Holding: Dhirajben 212,735 shares (4.83%); Kalpesh 53,939 shares (1.224%).
• Transaction Details: Sold 11,495 and 18,157 shares (29,652 total); 0.67%; Open Market; 22-23 Sep 2026.
• Post-Transaction Holding: Dhirajben 201,240 shares (4.57%); Kalpesh 35,782 shares (0.81%); Total 243,684 shares (5.53%); Encumbrances 237,022 (5.38%).
• Share Capital Context: Pre- and post- transaction equity Rs 4,40,70,000 (4,407,000 shares) unchanged.
• Date(s) of Transaction: 22-23 September 2026.

Transaction details

• Pre-transaction holding: 67,656 shares, 1.535% of voting capital.
• Transaction: Sale of 13,717 equity shares in open market.
• Post-transaction holding: 53,939 shares, 1.224% of voting capital.
• Dates of sale: 11 Sep 2026, 15 Sep 2026, 17 Sep 2026, 18 Sep 2026, 21 Sep 2026.
• Disclosing party: Kalpesh B Kothari, Promoter Group.
• Target company: Tirupati Foam Limited.
• Mode: Open Market through stock exchange.
• Equity share capital: Rs 4,40,70,000 comprising 4,407,000 shares.
• Post-disposal diluted capital: 4,407,000 equity shares.

Disclosure details

• Target Company: Tirupati Foam Limited.
• Disclosing Party: Kalpesh B. Kothari, promoter group.
• Transaction Type: Sale of equity shares (disposal), open market.
• Pre-Transaction Holding: 67,674 shares, 1.535% voting rights.
• Transaction Details: 18 shares sold; 0.000% VR; Equity shares; Open Market; 9 Sep 2026.
• Post-Transaction Holding: 67,656 shares, 1.535% VR.
• Date of Transaction: 9 September 2026.
• Equity share capital before: Rs 4,40,70,000 (4,407,000 shares).
• Equity share capital after: Rs 4,40,70,000 (4,407,000 shares).
• Total diluted capital: Rs 4,40,70,000.

Key details

• Target Company: Tirupati Foam Limited.
• Disclosing Party: Mr. Kalpesh B Kothari (Promoter Group).
• Transaction Type: Disposal of equity shares.
• Pre-Transaction Holding: 67,674 shares (1.535% voting rights).
• Transaction Details: Sold 18 equity shares in Open Market, 0.000% of share capital.
• Post-Transaction Holding: 67,656 shares (1.535%); voting rights unchanged.
• Date of Transaction: 9 September 2026.
• Share Capital Context: Rs 4,40,70,000 (4,407,000 shares of Rs 10 each).

Transaction details

• Target Company: Tirupati Foam Limited.
• Disclosing Party: Kalpesh B Kothari, promoter group.
• Transaction Type: Sale of 21 equity shares.
• Pre-Transaction Holding: 67,695 shares (1.536% of voting rights).
• Transaction Details: 21 shares sold in open market on 9 Sep 2026.
• Post-Transaction Holding: 67,674 shares (1.5359% of voting rights).
• Date(s) of Transaction: 9 September, 2026.
• Share Capital Context: Rs 4,40,70,000 before/after (4,407,000 shares).

AGM details

• AGM held on 20 August 2026 via VC/OVAM at 3:30 PM.
• Remote e-voting conducted from 17 to 19 August 2026.

Key resolutions

• Resolution 1 (Ordinary): Adopted audited financials and reports; passed.
• Resolution 2 (Ordinary): Re-appointment of Roshan P Sanghavi; passed.
• Resolution 3 (Ordinary): Re-appointment of Deepak T Mehta; passed.
• Resolution 4 (Ordinary): Re-appointment of Director S; passed.
• Resolution 5 (Ordinary): Dividend declared for FY ended 31 March 2026; passed.
• Resolution 6 (Ordinary): Ratified cost auditor remuneration for FY 2026–27; passed.
• Resolution 7 (Special): Re-appointment of Manish R Patel as Non-Executive Independent Director; passed.
• Resolution 8 (Special): Approval for sale/disposal of surplus Noida land and building; passed.

Director changes

• Roshan P Sanghavi re-appointed as director.
• Deepak T Mehta re-appointed as director.
• Director S re-appointed (DIN 01007020).
• Manish R Patel re-appointed as Non-Executive Independent Director.

Auditors

• Remuneration of Cost Auditor B.R. & Associates ratified for FY 2026–27.

AGM details and key resolutions

• Date, time, and mode: AGM held in 2026 at 3:30 PM via VC/OVAM.
• AGM concluded at 3:46 PM.
• e-voting window: mid-August 2026.
• Adoption of financial statements for the most recent year.
• Re-appointment of directors retiring by rotation.
• Executive and independent director re-appointed for second term.
• Dividend for the upcoming year approved.
• Remuneration of cost auditor ratified.
• Sale/disposal of surplus land and building approved.
• All ordinary resolutions deemed passed.