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TIRUPATI GRAPHITE PLC
AGM Information • Jun 11, 2024
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National Storage Mechanism | Additional information 
RNS Number : 0405S
Tirupati Graphite PLC
11 June 2024
11 June 2024
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Results of General Meeting
Tirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces the results of its General Meeting held earlier today.
The Company announces that following a poll of shareholders, all resolutions were put to the meeting by the requisitioner group of shareholders and were not carried.
Details of the votes relating to each resolution are contained in the table below.
| RESOLUTION | VOTES FOR | VOTES AGAINST | VOTES TOTAL | VOTES WITHHELD |
| 1. To remove Shishir Poddar from office as a director of the Company with effect from the end of the meeting | 37,047,069 | 48,574,140 | 85,621,209 | 1,781 |
| 2. To remove Puruvi Poddar from office as a director of the Company with effect from the end of the meeting | 37,197,014 | 48,424,195 | 85,621,209 | 1,781 |
| 3. To remove Alastair Bath from office as a director of the Company with effect from the end of the meeting | 37,330,423 | 48,290,786 | 85,621,209 | 1,781 |
| 4. To appoint Mark Rollins as a director of the Company with effect from the end of the meeting | 38,449,943 | 47,131,618 | 85,581,561 | 41,429 |
| 5. To appoint Leo Koot as a director of the Company with effect from the end of the meeting | 38,356,426 | 47,170,135 | 85,526,561 | 96,429 |
| 6. To appoint Isabel de Salis as a director of the Company with effect from the end of the meeting | 38,294,509 | 47,287,052 | 85,581,561 | 41,429 |
| 7. To appoint Murat Dogan Erden as a director of the Company with effect from the end of the meeting | 38,260,393 | 47,360,816 | 85,621,209 | 1,781 |
| 8. To remove any person appointed as a director of the Company since the date of the requisition, up to the end of the meeting and who is not one of the persons referred to in the Resolutions numbered 1 through 3 (inclusive) above, as a director of the Company | 38,282,856 | 47,334,419 | 85,617,275 | 5,715 |
Shishir Poddar, Chief Executive, commented:
"We are very pleased to have maintained the ongoing support of our shareholders, who understand the significant opportunities ahead for the Company, led by the current management team and Board of directors. Following the results today, as previously announced, Mr Michael Lynch-Bell assumes the role of Non-Executive Chairman, and I move to Chief Executive, with immediate effect.
"With the General Meeting now behind us, the Company remains focussed on our long-term ambition of providing 8% of the world's global flake graphite demand by 2030, maintaining our step by step growth strategy in sync with the evolving markets for this critical mineral. We look forward to updating stakeholders further on this and our wider financial and strategic progress over coming months."
ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
| Tirupati Graphite Plc Puruvi Poddar - Joint Managing Director |
[email protected] +44 (0) 20 39849894 |
| CMC Markets UK Plc (Joint Broker) Douglas Crippen |
+44 (0)20 3003 8632 |
| FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Lucy Wigney |
+44 (0) 20 3727 1000 [email protected] |
About Tirupati Graphite
Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the critical mineral for a decarbonised economy and the energy transition. The Company places a special emphasis on green applications including renewable energy, e-mobility, energy storage and thermal management, and is committed to ensuring its operations are sustainable.
The Company's operations include primary mining and processing in Madagascar where the Company operates two key projects, Sahamamy and Vatomina with a combined 30,000 tpa of currently installed capacity, producing high-quality flake graphite concentrate with up to 97% purity and selling to customers globally.
The Company also holds two advanced stage, world class, natural graphite projects in Mozambique. Work has already commenced to optimise the economics for development of the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken by the predecessor. A table of the Company's projects is provided below:
| Country | Project | Stage |
| Madagascar | Sahamamy | In production: 18,000tpa capacity |
| Madagascar | Vatomina | In production: 12,000tpa capacity |
| Mozambique | Montepuez | 100,000tpa permitted, development-initiated |
| Mozambique | Balama Central | 58,000tpa permitted, development-ready |
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