Tirupati Foam Ltd Announces Dividend Recommendation and Key Dates for 39th Annual General Meeting

Tirupati Foam Ltd Announces Dividend Recommendation and Key Dates for 39th Annual General Meeting​

Tirupati Foam Ltd, a manufacturer of polyurethane foam, held its Board of Directors meeting on July 20, 2026. The board reviewed several strategic matters, approved annual reports, fixed key operational dates, and made decisions regarding the company's dividend payout and leadership appointments.

The company approved various aspects related to its upcoming 39th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM has been scheduled for Thursday, August 20, 2026, at 3:30 PM and will be conducted via Video Conferencing or Other Audio Video Means.

Key dates and financial details approved during the meeting include:

Financial Approvals and Appointments​

During the meeting, the directors recommended a Final Dividend rate of 10%, equivalent to Rs. 1/- per share on the company's 4,407,000 Equity Shares for the financial year ended March 31, 2026.

The Board also addressed several appointments and reports:

• Scrutinizer Appointment: M/S D A Rupawala & Associates, a Chartered Accountant practicing in Ahmedabad, was appointed to scrutinize the E-voting process and poll process at the 39th Annual General Meeting.
• Director Reappointment: MR Manish Patel (DIN: 09547012) was approved for re-appointment as Non-Executive Independent Director for a second term of five years, pending shareholder approval at the AGM.
• Auditor Appointments: The company took note of the Secretarial Auditor Report submitted by Mr Hussain Bootwala & Associates. Furthermore, M/S B R & Associates, a Cost Accountant, was re-appointed for the FY 2025-2026, subject to ratification of their remuneration at the AGM.

Strategic Decisions and Compliance Matters​

The board took note of the Directors Report for the Financial Year ended on March 31, 2026, and approved the company's 39th Annual Report for the Financial Year 2025-2026.

A major strategic decision discussed was the approval of the Sale of Surplus Land and Building located in Noida, which is subject to final shareholder approval at the 39th Annual General Meeting.

Independent Director Review​

The meeting of the Board of Directors and Independent Directors, held on July 20, 2026, covered several critical performance reviews. These included reviewing the performance of Non-Independent Directors and the Board as a whole, assessing the quality, quantity, and timeliness of information flow between the company's management and the Board for effective duty performance, and reviewing the performance of the Chairperson of the Company.

Stock Price Movement​

Tirupati Foam Ltd. settled at ₹68.00 in post-market trading today, posting a 3% decline from its previous close. Shares had moved significantly throughout the day, having traded within an intraday range defined by a low of ₹68.00 and a high of ₹71.40.