Tamboli Industries Limited has announced that its wholly owned subsidiary, Tamboli Castings Limited, has formally exited its Export Oriented Unit (EOU) status. The development was communicated to the Bombay Stock Exchange through a regulatory filing dated April 6, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Exit from EOU Status

Tamboli Castings Limited received the final exit order from Kandla Special Economic Zone (KASEZ) authorities, marking the completion of its withdrawal from the EOU scheme. The decision to exit was driven by the company's assessment that it does not foresee any additional financial benefits from continuing under the EOU status given the prevailing regulatory and business environments.

Continued Export Focus

Despite exiting the EOU scheme, the company has emphasized that this decision does not impact its export credentials or business operations. Tamboli Castings Limited continues to maintain its recognition as a Two-Star Export House under the Foreign Trade Policy of India, demonstrating its established position in international markets.

The company has reaffirmed its commitment to export business, indicating that the exit from EOU status represents a strategic adjustment rather than a shift away from international operations. The Two-Star Export House status reflects the company's consistent export performance and compliance with trade regulations.

Financial Impact Assessment

Tamboli Industries has clarified that the exit from EOU status will not result in any material adverse impact on the company's financial position or operations. This assessment suggests that the subsidiary's business model and revenue streams remain stable despite the change in regulatory status.

The communication was signed by Vaibhav B. Tamboli, Chairman of Tamboli Industries Limited, and filed under the company's scrip code 533170 on the Bombay Stock Exchange.

Tamboli Industries Limited has announced a significant environmental initiative undertaken by its wholly owned subsidiary, Tamboli Castings Limited (TCL), involving the creation of a Miyawaki Forest in Bhavnagar. The project represents a major CSR commitment aimed at environmental sustainability and community welfare.

Project Specifications and Location

The Miyawaki Forest project encompasses several key parameters that highlight its scope and environmental impact:

The project utilizes the Miyawaki afforestation technique, pioneered by Japanese botanist Akira Miyawaki. This method focuses on growing small to large trees in close proximity to each other, enabling dense vegetation to develop swiftly and creating a self-sustaining ecosystem.

Collaborative Partnership

The environmental initiative is being executed through strategic partnerships that enhance its community impact. Tamboli Castings Limited is collaborating with the Rotary Club of Bhavnagar and the Bhavnagar Municipal Corporation to ensure proper implementation and long-term sustainability of the project.

The forest is designed to become an 'Oxygen Park' for the citizens of Bhavnagar, providing environmental benefits and recreational space for the local community. The strategic location adjacent to Akwada Lake adds to the ecological significance of the initiative.

Corporate Environmental Philosophy

This Miyawaki Forest initiative reflects TCL's broader Environmental, Social, and Governance (ESG) philosophy, which encompasses several key areas:

• Renewable energy integration
• Carbon accountability measures
• Resource-efficient manufacturing systems
• Structured environmental governance

By embedding these principles into its operations, TCL demonstrates its commitment to sustainability and community well-being while maintaining industrial excellence.

Company Background

Tamboli Industries Limited serves as the principal holding and promoter company of Tamboli Castings Limited, holding 100% of the equity share capital of its wholly owned subsidiary. TCL specializes in investment casting (Feinguss) technology, manufacturing and supplying fully machined high-precision components for diverse industries including Pneumatics & Automation, Pumps, Valves & Turbo Parts, General Engineering, Automotive, and Aerospace applications.

The company continues to place equal emphasis on industrial excellence and environmental stewardship, reaffirming its dedication to creating long-term value for people, planet, and business through initiatives like the Miyawaki Forest project.