Tirupati Foam Ltd shares fall 4.95% on SEBI disclosure for Kalpesh B Kothari
Why did Tirupati Foam Ltd shares fall today?
Tirupati Foam Ltd shares experienced significant selling pressure today, closing at ₹96.1 on the BSE. The stock fell by 4.95% as of 3:44 PM on Friday, indicating a bearish sentiment among market participants during the trading session.
The decline coincides with a regulatory filing made by the company. Tirupati Foam Ltd submitted a disclosure to the Bombay Stock Exchange regarding the sale of its equity shares. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. It stated that Mr. Kalpesh B. Kothari, an individual belonging to the promoter group, sold 18 equity shares of the company. These shares represented a 0.00% stake in the company's total voting capital and were sold through the open market via the stock exchange.
While the quantity of shares sold appears very small relative to the company's total equity, such disclosures by promoter group individuals are closely watched by the market. They can sometimes be interpreted as a signal of reduced insider confidence or lead to broader selling pressure, which likely contributed to the negative price movement observed today.
What does Tirupati Foam Ltd do?
Tirupati Foam Limited is a company listed on the Bombay Stock Exchange with the code BSE-540904. As a publicly listed entity, it has equity shares representing its voting capital. The company is subject to disclosure regulations under the SEBI (SAST) Regulations, 2011, and complies with these by submitting formal notifications to the exchange regarding transactions in its shares.
Tirupati Foam Ltd Financials
In CroresBased on the provided data, Tirupati Foam Ltd demonstrated a positive growth trend from March 2026 to June 2026. Revenue increased from ₹24.38 Crores to ₹28.09 Crores, representing a growth of approximately 15.2%. Similarly, profit for the period grew from ₹0.51 Crores to ₹0.68 Crores, an increase of about 33.3%. This indicates that the company expanded both its top-line sales and bottom-line profitability in the most recent quarter.
Tirupati Foam Ltd Shareholding Pattern
Promoter holding stands at 71.72% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 28.29% stake in Tirupati Foam Ltd.
Tirupati Foam Ltd FAQs
Q: Why did Tirupati shares fall 4.95% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalpesh B Kothari. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Tirupati Foam Ltd?
As per the latest data, promoters hold 71.72% stake in Tirupati Foam Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.0%, and public shareholders account for 28.29% of the equity.
Q: What is the current stock price of Tirupati Foam Ltd?
Tirupati Foam Ltd shares are currently trading at ₹96.1, recording a decline of 4.95% from the previous close.
Q: What is the market capitalization of Tirupati Foam Ltd?
The company currently has a market capitalization of ₹42.35 crore, reflecting its valuation in the Indian equity market.