Tirupati Graphite Plc (GB:TGR) has released an update.
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Tirupati Graphite Plc, a key flake graphite producer for green applications, is embroiled in a shareholder challenge led by a group holding 5.8% of the company’s shares, who have proposed their own directors and accused the company of various undisclosed grievances. The company refutes these claims and recommends shareholders to vote against the resolutions proposed for an upcoming general meeting, while also highlighting the importance of its global graphite market expertise for shareholder value. Amidst this dispute, Tirupati Graphite continues to focus on its operations in Madagascar and Mozambique, emphasizing sustainable practices and the production of high-quality flake graphite.
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