Tirupati Industries (India) Limited (BSE:531547) announced a private placement of shares or convertible warrants on August 31, 2015. The company will issue shares or convertible warrants on preferential basis to potential investors. The company announced that it has obtained approval from the board of directors of the company at its Board Meeting.

The transaction is subject to shareholders' approval at its 42nd Annual General Meeting to be held on September 30, 2015.