Tirupati Tyres Limited Announces Key Board Changes
On August 28, 2025, Tirupati Tyres Limited, a prominent player in the automobile parts retail sector in India, announced significant changes within its board of directors. The company, which retails a wide range of tires and tubes for various vehicles, disclosed these changes in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resignation of Kunj Yogeshbhai Patel
The company informed stakeholders of the resignation of Mr. Kunj Yogeshbhai Patel, a Non-Executive and Independent Director, effective from August 27, 2025. The resignation was communicated to the Listing Department of the Bombay Stock Exchange Ltd. and the Metropolitan Stock Exchange of India Ltd. The reasons for Mr. Patel’s resignation are detailed in an enclosed annexure, as required by the relevant SEBI regulations.
Reconstitution of Key Committees
Following Mr. Patel’s resignation, Tirupati Tyres Limited announced the reconstitution of several key committees within the board. These include the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee. The reconstitution of these committees was approved by the board in a resolution passed on August 28, 2025, and became effective immediately after the board meeting.
Appointment of New Executive Director and Chairman
In a significant development, the board meeting held on August 28, 2025, also resulted in the appointment of Mr. Nilesh Shyamlal Koshti as an Additional Executive Director and Chairman of the company. This appointment, effective from the same day, was made following the recommendation of the Nomination and Remuneration Committee. The decision underscores the company’s strategic direction and leadership restructuring.
Company Overview
Tirupati Tyres Limited, with a market capitalization of INR 242,968,384 and a Price Earnings Ratio of 248.49998, continues to be a key player in the Indian automobile parts market. The company’s primary exchange is the Bombay Stock Exchange Ltd., and it operates in the Indian currency (INR).
These board changes are part of Tirupati Tyres Limited’s ongoing efforts to strengthen its governance and strategic direction. The company remains committed to its mission of providing quality automobile parts across India.
For further information, stakeholders are encouraged to contact Tirupati Tyres Limited at their registered office in Mumbai or visit their website at www.tirupatityresltd.in .