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Tirupati Forge Limited held its 14th Annual General Meeting on September 25, 2026. Shareholders considered the adoption of FY2025-26 financial results and the re-appointment of Managing Director Hiteshkumar Thummar.
Tirupati Forge Limited received an industrial license for artillery shell manufacturing. The company plans to start pilot production with 150,000 units annual capacity in December 2026.
Tirupati Forge allotted 37 lakh convertible warrants to promoter group at ₹58 each, raising ₹21.46 Crore on a preferential basis. The warrants are exercisable within 18 months.
Tirupati Forge Ltd reported revenue from operations of ₹38.1 Cr (+18.0% YoY) and net profit of ₹1.2 Cr (-14.3% YoY) for Q1 FY27.