Outcome of Board Meeting

July 2, 2026 Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Dear Sir/Madam, Symbol: TIRUPATIFL Series: EQ Sub: Outcome of Board Meeting under Regulation 30 and Schedule III of SEBI (Listing Regulation and Disclosure Requirement) regulations, 2015. This is to inform you that pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other regulation as applicable, the meeting of the Board of Directors of the Company held on today, i.e. Thursday, July 02nd, 2026 at the Registered Office of the Company situated at Plot No. 1-5, Survey No. 92/1, Near Shan Cement, Hadamtala Industrial Area, Tal: Kotda Sangani Hadamtala, Rajkot - 360311, which was commenced at 04:00 P.M. and concluded at 5.30 P.M. In that meeting following Business were transacted; 1. Considered and approved increase in Authorised Capital of the Company from Existing Rs. 26,50,00,000/- (Rupees Twenty-Six Crores Fifty Lakhs Only) to Rs. 27,50,00,000 /- (Rupees Twenty-Seven Crores Fifty Lakhs Only) and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to approval of Shareholders; The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular is enclosed as ‘Annexure-I’ 2. Considered and decided to Issue up to 37,00,000 (Thirty Seven Lakh) Convertible Equity Warrants at issue price of Rs. 53.00/- (Rupees Fifty- Three Only) each determined under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 considering Wednesday, July 1, 2026 as Relevant Date to Promoter/Promoter Group on preferential basis under the terms of SEBI (Issue of Capital & Disclosures Requirement) Regulation, 2018 subject to Shareholders and other necessary approvals; The requisite details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023, are provided in Annexure II. 3. Decided to call Extra Ordinary General Meeting of the Company on Friday, July 31, 2026. 4. Considered and Approved the Notice of Extra Ordinary General Meeting of the Company. 5. Considered and Appointed Mr. Piyush Jethva (FCS: 6377, C.P. 5452) as the Scrutinizer for ensuing Extra Ordinary General Meeting. 6. Consider and appointed National Securities Depository Limited (NSDL) to provide E-voting facility for Extra Ordinary General Meeting. Kindly take the above information on record. For and on behalf of, Tirupati Forge Limited Hiteshkumar G. Thummar Managing director DIN: 02112952 Annexure I Details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023 with respect to the Increase in Authorised Share Capital is enclosed as hereunder: Amendments to Memorandum of Association of the Company, in brief The Board of Directors of the Company, at its meeting held on July 2, 2026, subject to the approval of the shareholders, has decided to amend Clause V (Capital Clause) of the Memorandum of Association of the Company. The existing authorised share capital of the Company is Rs. 26,50,00,000/- (Rupees Twenty-Six Crores Fifty Lakhs Only), divided into 13,25,00,000 (Thirteen Crores Twenty-Five Lakhs) equity shares of Rs. 2/- (Rupees Two Only) each. The Company proposes to increase its authorised share capital from Rs. 26,50,00,000/- (Rupees Twenty-Six Crores Fifty Lakhs Only) to Rs. 27,50,00,000/- (Rupees Twenty-Seven Crores Fifty Lakhs Only), divided into 13,75,00,000 (Thirteen Crores Seventy-Five Lakhs) equity shares of Rs. 2/- (Rupees Two Only) each, to facilitate future fund-raising requirements. The proposed increase in the authorised share capital will require a consequential amendment to Clause V of the Memorandum of Association. Pursuant to Sections 13 and 61 of the Companies Act, 2013, alteration of the Capital Clause requires approval of the members. Accordingly, the proposed Clause V of the Memorandum of Association, upon increase in the authorised share capital, shall read as follows: “The Authorised Share Capital of the Company is Rs. 27,50,00,000/- (Rupees Twenty-Seven Crores Fifty Lakhs Only), divided into 13,75,00,000 (Thirteen Crores Seventy-Five Lakhs) Equity Shares of Rs. 2/- (Rupees Two Only) each.” Annexure II Details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023 with respect to the Preferential Issue of Convertible Warrants is enclosed as hereunder: Sr. Particular of material Details NO. event 1. Type of securities Convertible Warrants on Preferential basis. proposed to be issued 2. Type of issuance Preferential Issue of Convertible Warrants in (further public offering, accordance with the SEBI (ICDR) Regulation rights issue, depository 2018 read with the Companies Act, 2013 and receipts (ADR/GDR), rules made thereunder. qualified institutions placement, preferential allotment etc.) 3. Total number of 37,00,000 (Thirty-Seven Lakhs) Convertible Securities proposed to Warrants at an issue price of Rs.53.00/- be issued or the total (Rupees Fifty-Three Only) each (per Warrant, amount for which the each convertible into 1 Equity Share of Face securities will be issued Value of Rs. 2/- each at a Premium of Rs. 51/- (Rupees Fifty-One Only) each) aggregating to the amount of Rs. 19,61,00,000/- (Rupees Nineteen Crores Sixty-One Lakhs Only) to Investors (Promoters & Promoter Group) 4. Issue Price The Convertible Warrants are to be issued at an Issue Price of Rs. 53.00/- (Rupees Fifty- Three Only) each. 5. Name & Number of 3 Investors as per Annexure A Investors 6. Post allotment of Issue Price for Convertible Warrants is securities - outcome of determined in terms of SEBI (ICDR) the subscription, issue Regulations, 2018. Convertible Warrants price / allotted price (in would be allotted only upon payment of 25% of case of convertibles), the issue price of Warrants at the time of number of investors; allotment of warrants. 7. In case of convertibles - The tenure of the warrants shall not exceed 18 intimation on (eighteen) months from the date of allotment. conversion of securities Each warrant shall carry a right to subscribe or on lapse of the tenure 1 (one) Equity Share per warrant, which may of the instrument; be exercised in one or more tranches during the period commencing from the date of allotment of warrants until the expiry of 18 (eighteen) months from the date of allotment of the warrants. An amount equivalent to 25% of the Warrant Issue Price shall be payable to the Company at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s); In the event that, a warrant holder does not exercise the warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company. Annexure A No. of Sr. No Name of Investor Category Warrants to be allotted 1. Hiteshkumar Godhanbhai Thummar Promoter 9,25,000 2. Bhargvi Manojbhai Thummar Promoter 13,87,500 3. Chetna Mukeshbhai Thumar Promoter Group 13,87,500 Total 37,00,000 For and on behalf of, Tirupati Forge Limited HITESHKUMAR G. THUMMAR Managing Director DIN: 02112952