Rajasthan Global Securities Private Limited and its persons acting in concert (PACs) reduced their stake in Tipco Engineering India Ltd to 11.93% following an open market sale.

The group disposed of 547,200 equity shares on August 21, 2026. This transaction brings the cumulative reduction since the last disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to 675,200 shares.

Shareholding Changes

The acquirer, Rajasthan Global Securities Private Limited, acts in concert with LRSD Capital Private Limited and Lalit Dua. Prior to this transaction, the group held 3,025,776 shares, representing 14.57% of the total voting capital.

The sale was executed in the open market. The company’s total equity share capital remains unchanged at 2,07,67,584 equity shares of ₹10 each.

Regulatory Context

The disclosure notes that the last filing reported a holding of 3,153,776 shares (15.19%). Since that date, multiple transactions have occurred, including the current sale. The cumulative drop exceeds the 2% threshold mandated for disclosures under Regulation 29(2).

Lalit Dua holds 897,576 pre-IPO shares, while LRSD Capital Private Limited holds 741,000 pre-IPO shares within the PAC structure.

Tipco Engineering India Limited has announced the resignation of its statutory auditor, M/s Vinay I Aggarwal & Associates, effective from the closing business hours of August 18, 2026. The firm, which was appointed on August 16, 2025, cited the health condition of its signing partner and prior occupancy with other work as the primary reasons for stepping down.

The company confirmed to BSE Limited that there are no concerns raised by the resigning auditor regarding the management of Tipco Engineering. Consequently, no deliberation on the matter was conducted by the Audit Committee, and no disclosure of the committee's view is applicable. The resignation pertains to the financial year 2026-27 and onwards.

Resignation Details

M/s Vinay I Aggarwal & Associates, Chartered Accountants (Firm Registration No. 019631N), submitted its resignation letter dated August 18, 2026. The firm had previously submitted the statutory audit report for the financial year ended March 31, 2026, on May 26, 2026. The term of the statutory auditor was scheduled to expire till the conclusion of the Annual General Meeting to be held in 2030.

The company stated that the Audit Committee and the Board would consider the appointment of new statutory auditors in due course to fill the casual vacancy. This appointment will be intimated to the stock exchange once finalized. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto, and SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated January 30, 2026.