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Tirupati Innovar Limited has withdrawn its ₹46.44 Crore rights issue following delays in allotment approvals. The company is initiating fund unblocking for participating investors.
Tirupati Innovar Limited issued a correction regarding its capital structure following a Rights Issue. The outstanding equity shares will increase from 2,44,43,500 to 7,08,86,150 shares (assuming full subscription). The update rectifies a previously reported typographical error in the pre-issue and post-issue capital details.
Tirupati Innovar Limited approved a rights issue of equity shares for up to ₹47 Crore. The company issued a correction to the rights renunciation schedule, moving the last date for on-market renunciation from May 12, 2026, to May 11, 2026. The rights issue is scheduled to open on May 7 and close on May 15, 2026.
Tirupati Innovar Limited has fixed April 30, 2026, as the record date for its upcoming Rights Issue. The company has coordinated with NSDL and CDSL for the credit of Rights Entitlements to eligible shareholders' demat accounts prior to the issue opening date.
Tirupati Innovar Ltd has approved a rights issue of 4,64,42,650 equity shares aggregating ₹46.44 Crore at ₹10 per share. The record date is set for April 30, 2026, with an entitlement ratio of 19:10. The issue opens on May 7, 2026, and closes on May 15, 2026.