On April 26, 2024, Tirupati Graphite confirmed that it has received a letter from Walpole St. Andrews Nominees Ltd on behalf of a group of underlying shareholders holding, of the Company, requesting the Company to convene a general meeting of the Company's shareholders pursuant to section 303 of the Companies Act 2006. The Company stated that the letter has requested that at the requisitioned meeting, shareholders of the Company consider resolutions to remove Shishir Poddar, Puruvi Poddar, and Alastair Bath from office as directors of the Company and to appoint Mark Rollins, Leo Koot, Isabel de Salis and Murat Dogan Erden as directors of the Company.

In addition, the Company urged the shareholders that no action is required at this time and further announcements will be made as appropriate.