Tirupati Foam Ltd to Hold 39th AGM; Shareholders Asked to Ratify Land Sale and Director Reappointments

Tirupati Foam Ltd to Hold 39th AGM; Shareholders Asked to Ratify Land Sale and Director Reappointments​

Tirupati Foam Ltd has announced that its 39th Annual General Meeting (AGM) will be held on Thursday, August 20, 2026. The meeting is scheduled for 03:30 PM and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), with the company’s registered office in Ahmedabad serving as the deemed venue.

The AGM agenda includes the review and adoption of the audited financial statements for the fiscal year ended March 31, 2026, along with resolutions concerning corporate governance changes and a significant special business item related to property disposal.

Key Dates and Governance Details​

The company has set specific timelines for shareholders regarding the meeting proceedings:

• Book Closure Period: August 14, 2026, to August 20, 2026 (both days inclusive).
• E-voting and Dividend Cut-off Date (Record Date): Thursday, August 13, 2026.
• Voting Period: The remote e-voting facility will be open from Monday, August 17, 2026 (9:00 a.m.) to Wednesday, August 19, 2026 (5:00 P.M.).

Special Business: Land Disposal and Director Appointments​

The AGM is required to address several crucial matters under both Ordinary and Special Business sections. A key special resolution concerns the approval for the sale or disposal of a surplus land parcel belonging to the company.

The property, which measures approximately 9325 Sq. Meters and is located at PLOT NO.5, ECHOTECH I, EXTENSION GREATER NODIA IND AREA DIST: GAUTAMBUDDH NAGAR, UTTAR PRADESH 201308, must be sold or transferred to NEUMANN COMPONENTS PVT LTD (CIN: U25202DL2002PTC116011). The company requires the shareholder approval for this disposal at a consideration of not less than Rs. 30 Crore.

In addition, members are required to approve the re-appointment of Mr. Manish R Patel (DIN: 09547012), an Independent Director, and grant consent for the modification of the expiry date of his second term.

Ordinary Business Highlights​

The AGM agenda includes matters related to board continuity and financial oversight:

• Director Reappointments: Resolutions are put forth for the re-appointment of three directors who retire by rotation: Mr. Roshan P Sanghavi (DIN: 01006989), Mr. Deepak T Mehta (DIN: 00156096), and Mr. Satish A Mehta (DIN: 01007020).
• Auditor Remuneration: Shareholders are asked to ratify the remuneration of Cost Auditor M/s B R & Associates, setting a fee of Rs. 35,000/- plus applicable tax subject to TDS.
• Dividend Declaration: The AGM is scheduled to declare a dividend for the financial year ended March 31, 2026.

Voting and E-Voting Procedures​

The company has established dedicated procedures for shareholders to participate in both remote e-voting and during the meeting through InstaMeet.


The AGM will utilize the Link In Time India Private Limited e-Voting system and InstaMeet platform for remote participation. The company provided detailed instructions for shareholders holding shares in both physical form and dematerialized form to ensure seamless access to the voting process.

Stock Price Movement​

At the close of trading today, shares of Tirupati Foam Ltd settled at ₹68.00, shedding 0.03% in value. The stock saw significant intraday movement, with its price fluctuating within a range spanning from a low of ₹215 to an intraday high of ₹222.98.