Tirupati Graphite Share Discussion Threads

[apotheki] 31/5/2024 17:30

The above came from TGRs ex broker namely Optiva Securities

www.optivasecurities.com

[apotheki] 31/5/2024 17:26

Tirupati Graphite Proposed Board Q&A

Ahead of the Tirupati General Meeting, the Proposed Board put forward by the Requisitioning Shareholders will be hosting a Q&A call at 12pm on Monday 3rd June to lay out their proposed strategy for the Company and answer questions from shareholders.

If you would like to attend this call, please follow the below link to register for attendance.

You are invited to a Zoom webinar.
When: Jun 3, 2024 12:00 PM London
Topic: Free Tirupati Q&A
Register in advance for this webinar:
hxxps://us02web.zoom.us/webinar/register/WN_b1nRsMIBRzGrg7l7nbsCEQ

[kirk 6] 31/5/2024 13:47

Looks like Indus Gas INDI is taking off take a look very cheap stock

[xcap1] 31/5/2024 13:38

Telegram - Tirupati Graphite

[flc] 31/5/2024 10:34

Whatever happens, it's never a bad thing to have a reputable Chairman with a strong track record on board and lets be honest, I don't think he would have risked his reputation if TGR didn't have a future.

[kemche] 31/5/2024 10:24

kemche - 15 Feb 2023 - 16:10:45 - 926 of 1245 Tirupati Graphite - Specialist graphite and graphene producer - TGR

Indian graphite play. What could possibly go wrong?

[apotheki] 31/5/2024 07:51

Appointment of Non-Executive Chairman

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is delighted to announce the proposed appointment of Michael David Lynch-Bell as Non-Executive Chairman of the Company.

Mr Lynch-Bell brings extensive experience across various sectors and business disciplines, particularly governance, mining, and finance. He spent a 38-year career with Ernst & Young ('EY'), where he led its Global Oil and Gas, UK IPO, and Global Oil and Gas and Mining transaction advisory practices. Since leaving EY, he has developed a strong board career, including his position of Deputy Chair and Senior Independent Non-Executive Director of the then FTSE250 large-scale blue-chip mining organisation, KAZ Minerals.

He is currently a Non-Executive Director and Chairman of AIM and TSX-listed Serabi Gold Plc, a Non-Executive Director of London-listed Gem Diamonds Limited and Independent Non-Executive Chairman of ASX-listed Little Green Pharma.

The appointment of Mr Lynch-Bell illustrates the Company's commitment, as previously announced, to enhance its corporate governance by appointing high calibre, experienced and independent directors onto its Board of Directors. In addition to the traditional roles undertaken by a Non-Executive Chairman, Mr Lynch-Bell will be closely involved in all Company efforts to enhance its corporate governance, including oversight of the programme to recruit additional independent directors. He will also, along with forthcoming new board appointments, oversee and monitor all related party transactions to ensure they meet best practice guidelines and continue to offer best value for the Company and its shareholders.

The appointment is conditional upon the current Board remaining in place following the forthcoming general meeting of shareholders. It would therefore take effect after the close of the general meeting on 11 June 2024. Upon Mr Lynch-Bell's appointment, Mr Shishir Poddar will retain the position of Chief Executive Officer.


Shishir Poddar, current Executive Chairman and Managing Director, commented:
"We are delighted to announce the appointment of Michael Lynch-Bell as Non-Executive Chairman. This demonstrates our commitment to enhancing the Board composition with wholly independent, highly experienced, and appropriately skilled operators. Michael's significant experience as an independent Director at several large-scale and growing mining businesses, combined with his strong background with EY, provides the Company with access to vital skills and experience. He will undoubtedly help steer the Company well on its journey to achieve its considerable potential. With this appointment becoming effective, the Board will work under his leadership and guidance to progress the planned future independent director appointments."

Michael Lynch-Bell, incoming Non-Executive Chairman, commented:
"I am extremely excited at the opportunity to be joining the Board of Tirupati Graphite. The Company's underlying investment case is strong. Long-term growing demand for critical commodities such as graphite, which support the clean energy transition, is unquestionable. The Company's opportunity to be a leading supplier outside China and thus provide a geopolitically secure supply of graphite to a global customer base gives it and its shareholders a unique opportunity. Whilst the Company faces a challenging market for financing, I am confident it will successfully manage this and other challenges with the appropriate governance framework in place. I will not hesitate in providing to the Company all insight, access to my network and connections for the executive team to achieve the company's objectives."

[flc] 30/5/2024 12:36

Inevitable I'm afraid but it won't happen until the current BOD are removed. Probably not a bad thing as at least it will give the business the financial support it so badly needs and managed by a fresh set of individuals who understand corporate protocols and shareholder expectations.

[topazfrenzy] 30/5/2024 08:37

Clearly a huge dilution will be on the cards once/if they manage to get rid of the awful people running it currently ....

[pwal] 29/5/2024 14:26

Again, some news would be good.

[citys2874] 29/5/2024 12:06

TGR and MATD having a good morning expect a break out and rally this afternoon

[apotheki] 29/5/2024 10:50

As a FYI - TGR are standard LSE listed and not AIM listed so no NOMAD but the lawyers are Bird & Bird - who basically act as such which is rather surprising given all the potential reputational risk issues.

[xcap1] 29/5/2024 10:08

One positive is that it's now fully in the open and if there is a clean sweep and new Board finally TGR might just be on the right path

[xcap1] 29/5/2024 10:03

Agree, I just wonder , given the gravity of the allegations whether the FCA or AIM regulator would look into these

[husbod] 29/5/2024 09:58

That's an extremely worrying series of allegations and certainly goes some way to explaining the continuous underperformance of the company and the share price If they're true then the directors are clearly failing in their fiduciary duty to the shareholders and either need to completely change their modus operandi (unlikely) or be removed.The blatant conflict of interests is fundamentally unacceptable and clearly not in the interests of the shareholders or the company.

[xcap1] 29/5/2024 08:35

4-L, Shree Gopal ComplexCourt RoadRanchi, India – 834009Email id - [e-mail]28thMay, 2024Dear Fellow Shareholders of TG,This is Hemant Poddar one of the Cofounders of Tirupati Graphite PLC. I had served as an NED at ourcompany since its incorporation, until 31st January 2024 when I preferred to resign from the Board.It is with a very heavy heart that I write this today to the esteemed Shareholders of TG. Over the past fewweeks, several shareholders of TG have reached out to me, seeking my opinion on the ongoing matters atTG. I share their views that the situation is very concerning and needs immediate rectification, barringwhich, the consequences, would be catastrophic for the company.I have refrained from voicing my opinions in public so far, and instead focused on trying to advocaterequired changes in TG during my time as an NED and in formal and informal conversations with ourCMD post my resignation. After trying to inculcate changes in the organization in the last 3 years, Ifinally gave up this January, as I found the management to be completely dismissive to any suggestions toimprove TG. This led me to resign from the post of NED in January 2024.I believe that Governance and miscommunication are vital issues surrounding TG but there exist 3additional core problems in TG which are vital but not acted upon by the company due to the vestedinterests of the management of TG. These are:1. Conflicts of Interest and Related Party Transactions:In my opinion, these are so deep rootedin the current structure of the company, that is virtually impossible for the management to workbeyond it. All core equipment in the processing plant including standard equipment from othermanufacturers in India are supplied to TG by the related companies of our CMD who refuses tolet TG purchase these directly. All this while, his companies personally profit from thesepurchases of TG. Further, TG is outsourcing several core business function to related partycompanies and these 2 companies (TSG and Haritmay) have become service providers to TG.Our company today does not even have an internal accounts or HR team to manage the affairs ofthe company. Given the development stage of TG, it was essential for the management to buildcore teams to manage all aspects of business but it preferred to outsource the same from relatedcompanies of the management team, making a profit personally in doing so. Further, TG alsolooses on potential revenue, in the form of discounted sales to related parties.The company has been part taking in related party transactions since its inception. Over the lastfew years, the value of these transactions have become humongous and ultimately, they havefinancially bled the company to its current levels. The management has refused any level ofoversight and while the company has maintained the stance that these transactions have "Been astrength for the company", the fact is that they have helped the other companies of the CMD togrow at the expense of TG. I am of firm opinion that this conflict of interest has hampered theirHEMANT KUMAR PODDAR4-L, Shree Gopal ComplexCourt RoadRanchi, India – 834009Email id - [e-mail] making process and led us to today, wherein, the company doesn't even have enoughmoney to operate its constructed assets.Further, I believe that the management is now more focused on these related parties, thanspending their time building TG. This is further hampering the development of TG.2. Vision of the Company: When TG started, it aspired to be a fully integrated producer of naturalflake graphite over multiple Geographies, covering the entire value chain from mining to thedownstream value added products. This was a proposition that interested a number of ourshareholders and became a key factor for many for your investments in the company.Unfortunately, along the way, this vision was unanimously changed by our CMD. He becamecontent with seeing TG to have a 'commercial arrangement' with a downstream producer, insteadof TG becoming a downstream producer. This I strongly believe is not a decision taken in the bestinterest of TG, but instead is driven by conflicted personal interests. I must point out here, that Iam a significant shareholder in TSG, now Pranagraph (35% with my direct family) and I havealways maintained the stance that TSG should be a part of the TG, just as originally envisioned inthe acquisition agreement. All assets that it has built has been built using its unfair relationshipwith Tirupati Graphite. Unfortunately, being a minority shareholder, with no management role inTSG, I have been unable to do anything on the subject, from either end.3. Current Operations: The poor communication over the past year, has led the Board and theMarkets to be in dark about the true situation in Madagascar. The company has already, itself,reduced the size of its Nameplate capacity to 20,000TPA. However, discussions with the peopleon the ground in the last few weeks has revealed that the situation is worse than what it iscurrently projected to be. The true production capacity in Madagascar appears to be not over15,000 TPA, and it warrants an independent competent person's evaluation. Additionally, theplant has major issues of breakdowns, which the company has conveniently kept silent on. Thequality of equipment supplied fails to impress. TG is plagued by a management team focused onother business endeavors to meaningfully resolve these issues. The result has been a lostopportunity to build an enviable production capacity ahead of the other upcoming producers.I am also considering releasing more details if necessary before the EGM on related party transactions,based on my study of the two balance sheets (both are available publicly) and the publicly available tradedata of import and export of graphite. I would implore any concerned shareholders to look up thisinformation as it is key to understanding how the company arrived at this point and the implications of itfor the shareholders.HEMANT KUMAR PODDAR4-L, Shree Gopal ComplexCourt RoadRanchi, India – 834009Email id - [e-mail] believe that upon review of these, you will come to the same conclusions as me, which is that the currentExecutive management team is not the choice to run the business of Tirupati Graphite PLC. They may notlack skills and ability but do lack in Ethical values and intent to take TG forward as was originallyenvisaged. Ultimately, I believe, they are more interested in the growth of their private businesses even ifit happens at the cost & expense of TG.As a result of the above deliberations, I have decided to lend my support to the Requisition Groupin the best interest of TG.I have also had detailed discussions with the proposed directors over the last week about their plans toturn around the company. I believe that these plans are aligned with the interests of the shareholders andwill allow the company the clarity and focus required to build TG. I, in turn as one of the Founder of TGhaving over 4 decades of experience in graphite processing and marketing and the 2nd largest shareholderin TG, I would do anything required to help TG in taking forward its original Vision.I would request my fellow shareholders to judiciously decide to vote in the EGM called for on the 11thJune 2024 as this is a critical moment in the journey of TG. TG can, from here, either become a criticalpart of the global LiB supply chain or completely lose out on this opportunity. I believe that therequisition group move us towards the former while the current management will slowly drag us to thelatter.Please feel free to reach out for any information or queries that may help you in making your decision.Best Regards,Hemant Kumar PoddarCo-Founder, Tirupati Graphite PLCDisclaimerThe views expressed in this letter are solely those of the writer. The writer has arrived at these views based onpublicly available data and information. All data referenced within this letter are sourced from the public domain,and no confidential or proprietary information has been utilized in the formulation of these views.HEMANT KUMAR PODDAR4-L, Shree Gopal ComplexCourt RoadRanchi, India – 834009Email id - [e-mail] writer respects the confidentiality of any information obtained during research or otherwise and is committed toupholding confidentiality standards. However, readers are hereby advised that the information contained herein isprovided for informational purposes only and should not be construed as professional advice or as a substitute forindependent due diligence.Readers are encouraged to conduct their own independent due diligence and research, utilizing publicly availabledata and resources, to form their own conclusions and opinions. The writer shall not be held liable for anyinaccuracies, errors, or omissions in the information provided herein, nor for any actions taken in reliance thereon.By accessing and reading this letter, you acknowledge and agree to the terms of this disclaimer.

[apotheki] 29/5/2024 08:30

Tw*tt*r aka X

Free Tirupati Graphite…!
@freetirupati

'I believe that [the proposed directors'] plans are aligned with the interests of the shareholders and will allow the company the clarity and focus required to build #TGR.'

-Hemant Poddar
#FreeTirupati

Read his full letter to shareholders:

freetirupati.com

Letter from Hemant Poddar to TG Shareholders — @freetirupati

[pwal] 28/5/2024 12:57

Blue today?

[septblues] 28/5/2024 08:06

that's not public knowledge only public musings

[xcap1] 26/5/2024 13:03

A full turnaround in the company could mean a £1 in a year some are saying