NSEPress Release4d ago · 31 Jul 2026, 04:28 pm

Press Release

Tirupati Forge Limited · TIRUPATIFL

✦ AI Summary▲ PositiveExpansion

Tirupati Forge Limited has entered into a Technical Collaboration Agreement with a defence technology professional from Brazil for the development and manufacturing support of defence products.

Analysis Scores

Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10

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Full Announcement

Tirupati Forge Limited has informed the Exchange regarding a press release dated July 31, 2026, titled "a press release in regard to Technical Collaboration MOU for manufacturing of Empty Artillery Shells 155mm M107 and 155mm ERFB BB/BT.".

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TIRUPATIFL_31072026162751_Tirupati_Forge_Technical_Collaboration_MOU_155mm_Artillery_Shells.pdf

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Date: July 31, 2026 The Manager National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: - TIRUPATIFL Sub: Intimation of Technical Collaboration MOU. Dear Sir/Madam, Please find enclosed herewith a press release in regard to Technical Collaboration MOU for manufacturing of Empty Artillery Shells 155mm M107 and 155mm ERFB BB/BT. This is for your information and record. Thanking You For, TIRUPATI FORGE LTD HITESHKUMAR G. THUMMAR Managing Director DIN: 02112952 Press Release Subject: Intimation of Technical Collaboration MOU Date: July 31, 2026 Dear Sir/ Madam Tirupati Forge Limited is pleased to inform the Stock Exchange that the Company has entered into a Technical Collaboration Agreement with an experienced defence technology professional from Brazil for the development and manufacturing support of defence products. The collaboration will focus on the development of the following products: • 155 mm M107 Empty Shell Body • 155 mm ERFB BB/BT Empty Shell Body • Other Bigger size of bombs and ammunition components of various calibres, as may be mutually agreed. The objective of this collaboration is to leverage international technical expertise for product design, development, manufacturing processes, and technical guidance in line with internationally accepted defence standards, including applicable NATO requirements, wherever relevant. This MOU is valied till successful development of products. The Company believes that this technical collaboration will strengthen its product development capabilities, enhance its competitiveness in the global defence market, and support its long-term strategy of expanding its defence manufacturing portfolio. This collaboration does not involve any equity participation or change in the shareholding pattern of the Company. The agreement is expected to support the Company’s future growth in the defence sector. This disclosure is being made pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For, TIRUPATI FORGE LTD HITESHKUMAR G. THUMMAR Managing Director DIN: 02112952 Disclaimer: This document may contain certain forward-looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward- looking statement that may be made from time to time by or on behalf of the Company