Shares of Tirupati Innovar Ltd remained in focus after the company’s board approved a 1:10 stock split and a 5:8 bonus issue.
The stock was trading at Rs.10.38, down 1.98% from the previous close of Rs.10.59. The company has a market capitalisation of Rs.73.58 crore.
Board approves stock split
At its meeting held on June 19, 2026, the board approved the subdivision of equity shares to improve affordability and enhance liquidity.
Split details
- Ratio: 1:10
- Current face value: Rs.10 per share
- Revised face value: Re.1 per share
Under the split, every one equity share with a face value of Rs.10 will be divided into 10 shares of Re.1 each.
Example
If an investor owns 10,000 shares before the split:
- Existing holding: 10,000 shares
- Holding after split: 1,00,000 shares
The number of shares increases, but the overall value of the investment remains unchanged.
5:8 bonus issue approved
The board has also approved a bonus issue in the ratio of 5:8.
This means shareholders will receive:
- Five fully paid-up shares
- For every eight existing shares held
Illustration
Assuming a shareholder owns 1,00,000 shares after the stock split:
- Bonus entitlement: 62,500 shares
- Total holding after bonus issue: 1,62,500 shares
The bonus shares will carry a face value of Re.1 each.
Business profile
Tirupati Innovar manufactures and supplies electrical and electronic products.
Its product portfolio includes:
- Low-voltage switchgear
- Medium-voltage switchgear
- Control panels
- Power distribution systems
The company also provides customised automation and electrical solutions for sectors such as:
- Manufacturing
- Utilities
- Infrastructure
Q4 FY26 performance
Revenue witnessed a sharp increase during the March quarter.
Financial highlights
- Revenue rose to Rs.73.20 crore, from Rs.10.99 crore in Q4 FY25.
- Revenue growth stood at 566.06%.
However, profitability weakened.
- Q4 FY25 net profit: Rs.0.68 crore
- Q4 FY26 net result: Net loss of Rs.1.83 crore
Key ratios
- ROCE: 1.44%
- ROE: 1.17%
- EPS: Rs.0.09
- Debt-to-equity ratio: 0.09x
About the company
Tirupati Innovar Limited manufactures electrical and electronic products and focuses on energy-efficient and automation solutions for industrial and consumer applications.
The company caters to multiple sectors and aims to align its offerings with India’s growing demand for modern power and infrastructure solutions.
TL;DR
Tirupati Innovar has approved a 1:10 stock split and a 5:8 bonus issue. Every Rs.10 share will be split into 10 shares of Re.1 each, and shareholders will receive five bonus shares for every eight shares held.
AI Summary
- Tirupati Innovar approved a 1:10 stock split.
- The face value will change from Rs.10 to Re.1.
- The board also approved a 5:8 bonus issue.
- Q4 FY26 revenue jumped 566%.
- The company reported a net loss of Rs.1.83 crore in the March quarter.
