Tirupati Forge Capital Structure Change
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.
- Value
- ₹21.46 Cr
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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 allotted 8,50,000 equity shares following warrant conversions, totaling Rs. 2.72 Crore. This concludes the conversion of all 1,17,60,000 warrants issued in January 2025.
Tirupati Forge Ltd approved ₹22.46 crore capital changes, including a ₹1 crore authorised capital boost and ₹21.46 crore preferential warrant issue. The move expands equity capacity.
Tirupati Forge increased its authorized equity shares to 275 million. The alteration reflects a capital structure change for future fund raising.
Tirupati Forge Ltd approved a preferential issue of convertible warrants raising ₹19.61 Crore. The issue will increase paid‑up share capital to about ₹26.58 Crore.
Tirupati Forge Limited has allotted 25,60,000 fully paid-up equity shares following the conversion of warrants. The shares were issued at a price of ₹32 each, representing a total transaction value of ₹8.19 Crore. This conversion increases the company's total paid-up share capital to 12,91,90,000 shares.
Tirupati Forge Limited has allotted 25,60,000 fully paid-up equity shares following the conversion of convertible warrants. The shares were issued at a price of ₹32 each (including a ₹30 premium), representing a total transaction value of ₹8.19 Crore.
Tirupati Forge Limited has allotted 25,60,000 equity shares following the conversion of convertible warrants. The allotment, valued at ₹8.19 Crore (Rs.32 per share), increases the company's paid-up equity capital base.
Tirupati Forge Limited has allotted 25,60,000 equity shares at Rs.32 per share following the conversion of warrants. The transaction, valued at ₹8.19 Crore, results from the exercise of rights by two allottees from the Promoter and Non-Promoter groups. This conversion follows the initial warrant issuance in January 2025.