Tirupati Foam Limited's board has approved the sale of surplus land and a building for not less than 30 Cr.

This property had minimal business operations, with production already suspended and machinery relocated to an adjacent site.

The company anticipates this sale will not impact its core business operations.

The purchaser is an independent third party, ensuring the transaction is not a related party deal.

This sale awaits shareholder approval at the upcoming Annual General Meeting.