Tirupati Forge Board Approves CMD Re-appointment, Plans 14th AGM on Sep 25, 2026
Tirupati Forge's Board approved the re-appointment of Shri Hiteshkumar Gordhanbhai Thummar as Chairman & Managing Director for five years from July 31, 2027. The 14th AGM is scheduled for September 25, 2026. Remuneration for the CMD and Cost Auditor was also approved.
The re-appointment of a key management person for a significant term and the scheduling of the AGM are material events for the company's governance and future direction.
The re-appointment of the Chairman & Managing Director and the approval of the Board's report indicate stability and continuity within the company's leadership.
The Board of Directors of Tirupati Forge Limited convened on August 24, 2026, approving the Board's Report for the financial year ended March 31, 2026.
The Board noted the retirement by rotation of Managing Director, Shri Hiteshkumar Gordhanbhai Thummar (DIN: 02112952), and recommended his re-appointment at the upcoming Annual General Meeting (AGM).
Furthermore, the Board approved the re-appointment of Shri Hiteshkumar Gordhanbhai Thummar as Chairman & Managing Director for a further period of five years, commencing from July 31, 2027, to July 30, 2032, subject to shareholder approval. His remuneration was also approved. Shri Thummar holds an MBA in International Marketing and has been with the company since March 25, 2017, bringing extensive experience in marketing, technology, business development, and the forging industry.
Additionally, the Board approved the remuneration for the Cost Auditor, M/s. Mitesh Suvagiya & Co., for FY 2026-27, subject to shareholder ratification. National Securities Depository Limited (NSDL) was appointed to provide e-voting facilities for the upcoming 14th AGM, and CS Piyush Jethva was appointed as the scrutinizer.
The 14th Annual General Meeting is scheduled to be held on Friday, September 25, 2026, at 11:00 A.M. via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The Notice for the AGM was also approved.
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Tirupati Forge Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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