February 3, 2024

To,
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

Sub: Outcome of Board Meeting held on February 3, 2023.

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, please be informed that Board of Directors at its
Meeting held today i.e. Saturday- February 3, 2024 at 4.00 P.M. at the Registered Office of
the company, inter-alia has considered and approved the Unaudited Standalone Financial
Results along with Limited Review Report by the Auditor thereon for the Quarter ended on
December 31, 2023

The Meeting of the Board of Directors of the Company commenced at 04.00 P.M. and
concluded at 4.30 P.M.

Kindly take the same on your record and oblige.

Yours Faithfully,

For, Tirupati Forge Limited

Hitesh Digitally signed by Hitesh
Gordhanbhai Thummar
Gordhanbhai Date: 2024.02.03 16:48:41
Thummar +05'30'
Hitesh Thummar
Managing Director
 Tlrupeu Forg€ Llmlted
plot No. 1 -5, Survey No. 92l t, Near
Shan cement, Hadamtala Industrial area,
Kotda Sangani, Hadamtala, Rrajkot, cujarat- 36031 I
crN L27320cJ201 2PLCO71594
Website: www. tirupatiforge.com E-Mail: inf@tirupatiforge.com
Statement of Unaudited Ind AS Financial Results for the
euerrter and Nine months ended on 31st December. 2023
. __- __ (Amt. ln Lacr except rhare datar
Sr.
No,
Quarter Ended I NIne Monthr Ended lyear Ended
Partlculars
3t.t2.20/25 30.09.2023 31.t2.20/22 3L,L2.20/23 3L,t2.20/22
(Unaudltedf 31.03.2023
lunaudltedl lAudltadl
Revenue r.om opeoEo"E 3,236.32
Other Income
- ]14n4
.74
.03 a
I,677 .79 7,689.26
50.44
6,863.95
148.38
9,202.98
180^89

2 EXPENSES
ffi 9a

a Cost of materials consumed t,862.54 1,685.60 1,O74.92 4,634.7a 3,511.24

Purchase of Stock in trade 760.16
303.34 143.83 20.74 537.93 78.11 151.76
Changes in inrentorGiof fiil6@@ (108.23) (491.s8) (187.s8) (46e.96], 185.88
work-in-progress and Scrap 248.t9
d Employee benefits expenses 139.93 14.74 103.6s 350.32 323. I 8
e Finance Costs 431 .58
40.52 25.64 36.00 93.13 85^05
t Depreciation a.,d R--.tG"tiorr$ilG 91.46 86.49 248.42
to7.27
192.8s 270.77
65.28
Other expenses 641.81 619.14 448.67 I,706.45 1,658.83
TOTAL EXPENSES 2,15r.43
2,97L.37 2,183.86 1,s61.68 7,LOL.O1 6,O35.14 8.12 1.16
3 Profit before exceptional item & tax 278.99
4 Exceptional it"-
-'-.....=.- 205.91 140.43 638.63 977.19 1,262.71
5 Profit before tax 27A.99 205.91 140.43 638.63 977.r9
6 l ax expenses I,262.71
l. Income ra" e"piniE- 70.36 49.23 40.91 163.96 263.49 334.22
2. lJelerred tax Expense
7
3.38
205.25
3.89
152,79
-2.2r
1()1.73
2.A4 15.10 ffi
8
471.83 72A,AO 942,a6
[p4pensel lnet of taxl
a) Items U:atwitt notEGtasSEffi
profit or loss
b) Itemsttra@
or loss
9 Total Comprehon"lv" IrrEi-u 20s.2s 1s2.79 101.73 471.83 72a.ao
10 Paid-up equity shariiipitailFiffi 1,960.00 r,900.00 1,960.00 1,960.00 1,960.00
9+'2,66
ofRs. 2 each) 1,960.00
11 fther Equity
2
-
Basic & Diluted Earning p; Sha;lFa; 1,663.84
Value ofRs.2/- each) but not annualised
o.2I I 0.16 0. l0 0.48 o.74 0.96
Noter:-

The above results were reviewed and recommended by the Audit Committee, at its Meeting held on February 03,2024 for approval by the
board and these results were approved and taken on record at the meeting of Board of Dirictors of the Comiany hetd on thai aate.

The company is in the business of manufacturing of Carbon Steel Forged Flanges, Forged Components and other automotive components and
management reviews the performanace of the company as a single operating segment in accordance with Ind AS lO8 - Operating Segments.
Therefore no separate disclosures are reported separately.

The unaudited financial results have been prepared in accordance with the applicable Indian Accounting Standards as prescribed under
Section 133 of the Companies Act, 2O13 and read with relevant rules made thereunder, as amended and in terms of regulation 33 of the SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.

Other Income includes following :

ln Laesf
Quarter Ended Nlne Months Ended Year Ended
Partlculare 3L.L2.20.23 3().()9.2023 3t,L2.20/22 3t.12.20/23 3L.t2.2ol22 31.03.2023
(Unaudltedl lUnaudltodl lunaudltedl lUnaudttedl (Unaudlted) lAudttedl
a) Foreign Exchange Fluctuations 13.93 20.29 25.72 44.31 147.65 152.t4
b) Interest Income o.49 o.49 o,92 t.47 2.92 -2.95
c) Profit/loss on sale ofAsset 4.05 -2.32 4.83 -2.32 30.65
d) Others -0.19 o.2l -0.17 0.13 1.05
TotaI t4.23 25.O4 24.32 50.44 148.38 180.89

Figures for previous periods/year have been regrouped and reclassified wherever necessary, to confirm current period's presentation.

There were no investor complaints pending/received during the period.

The above Financial Results are also available on our website www.tirupatiforge.com and on stock exchange website www.nseindia.com

The company has taken the decision vide Extra ordinary general meeting d,ated,27.l2.2O23 to raise the authorised capital up to Rs. 24 crore

and issue the equity shares on preferential basis of 56.80 Lakhs shares to promotors and non promotors for cash aggregating to
Rs.7,10,00'000 with the object of meeting funding for margin money of New windmill and the balance will be utilised for capital expenditure.

The bifurcation is providing as under:

Approximately 4 crores for Margin Money of Proposed credit facility from Bank/ Financial Institution in matter of installation of New Wind Mill
project and Balance amount The capital expenditure for expansion of new shed and building etc.

For and on Behalf of Board of Directors

For, Tirupati Forge Limited

C---f
@
a

Hiteshkumar G. Thummar
Chairman and Managing Director
at Hadamtala (Distr. on February 03,2024 DIN: O2112952
V rllTm*ti **llr;filrmffffi,i *[,
I
Disr. Raikot - 360 311. (Guiarat) I
: ffih gi @
Cltl tlo. 127320GJ2012P1C071s94

February O3r 2024

To,
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C I l, G - Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai - 400 051

Dear Sir/Madam'

Symbol : TIRUPATIFL
Sub.: Declaration pursuant to Rezulatlon 33 (21 of SEBI [Listln,9 ObliEations and

Financial Result for Ouarter ended on December 31. 2O23.

Dear Sir/Madam,

In terms of the provisions of Regulation 33 (2) of the Securities and Exchange Board of
India (Listing Obligation and Disclosure Requirements) Regulations, 2015, I, Atul L.
Natu [PAN: AFBPN8266K], Chief Financial Officer of the Company hereby declare that
Unaudited Financial Results for the Quarter ended on December 3L,2023 do not
contain any false or misleading statement or figures and do not omit any material fact
which may make the statement of figures contained therein misleading.

Kindly take the same on records and'oblige.

Thanking you,

TI FORGE LIMITED,
6R
ATUL NATU
CHIEF FINANCIAL OFFICER