Tirupati Forge Limited Announces Q Ended June 30, 2026 Results and Updates Convertible Warrants Status
Tirupati Forge Limited released its Unaudited Standalone Financial Results for the Quarter ended on June 30, 2026. The results were considered and approved by the Board of Directors during a meeting held on August 13, 2026, alongside the Auditor's Limited Review Report.The company manufactures Carbon Steel Forged Flanges, Forged Components, and various automotive components. Management reviews the performance of the company as a single operating segment in line with Ind AS 108.
Financial Performance Snapshot (Q Ended June 30, 2026)
The unaudited results show key financial metrics for the quarter ending June 30, 2026, compared against the previous two periods.| Particulars | Q Ended 30/06/2026 (Unaudited) | Q Ended 31/03/2026 (Audited) | Q Ended 30/06/2025 (Unaudited) |
|---|---|---|---|
| Revenue from operations | 3,810.13 | 4,191.03 | 3,230.11 |
| Total Income | 3,843.13 | 4,303.89 | 3,291.92 |
| Total Expenses | 3,677.10 | 4,096.46 | 3,101.87 |
| Net Profit for the period | 121.86 | 152.15 | 140.98 |
Convertible Warrants and Equity Structure
In a related update, the company disclosed details regarding its convertible equity warrants. The Board of Directors previously approved the allotment of 1,17,60,000 convertible equity warrants at a specified price upon receipt of an amount aggregating to Rs. 940.80 (25% upfront payment).The status of outstanding and issued warrants as of June 30, 2026 is detailed below:
| Particulars | Opening on 01.04.2026 | Conversion during the Quarter | Closing as on 30.06.2026 | Percentage Outstanding |
|---|---|---|---|---|
| Total Numbers of Warrants Issued | 34,10,000 | 25,60,000 | 8,50,000 | 7.23% |
Update on Funds Utilisation
The company provided reports detailing the utilisation of funds raised through preferential issues in convertible warrants across two different periods.Funds Raised January 16, 2025:
A total amount aggregating to Rs. 940.80 Lakhs was received against the allotment of 1,17,60,000 convertible equity warrants. The utilization report for this round confirmed that there was no deviation in the use of funds raised during the quarter ended June 30, 2026.
Funds Raised April 8, 2019:
The company reported on a prior fundraising event where Rs. 5,34,60,000/- was raised through preferential issues [convertible warrants]. The original object of this fundraise was for Long Term and Short Term Working Capital Requirement and to support future business expansion Plans. The funds utilized amounted to 4,14,60,000/-, resulting in no deviation.
Funds Raised January 3, 2025:
For a recent fundraising initiative, the original object was designated for "To fund the Expansion of existing capacity, assets acquisition, acquisition/purchase of plant and machinery and other fixed assets." The funds utilized amounted to Rs. 29,96,85,000/-, against an original allocation of 35,83,20,000/-. No deviation was reported in this usage.
The company also confirmed that unutilized amounts amounting to Rs. 5.86 Crores from one of the funding rounds are currently held with Temporary Fixed Deposits at Indian Overseas Bank.
TIRUPATIFL Stock Price Movement
Shares of Tirupati Forge Limited slipped by 0.74% today, settling at ₹65.83 as trading concluded for the day. The stock was traded 149,966 shares during sessions that saw the company trading within a range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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