TIL Global Private Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing changes in its shareholding in TIL Limited following a rights issue transaction completed on April 14, 2026.

Shareholding Changes Through Rights Issue

The promoter entity's shareholding position underwent significant changes as a result of the rights issue allotment:

Despite acquiring additional shares through the rights issue, TIL Global's percentage shareholding decreased due to the overall expansion of TIL Limited's share capital.

Rights Issue Details and Capital Structure

TIL Limited conducted a rights issue of partly paid-up equity shares with specific terms:

The rights issue resulted in a substantial expansion of the company's equity base, with the share capital increasing from INR 70,35,20,560 to INR 79,42,08,760.

Post-Transaction Capital Structure

Following the rights issue completion, TIL Limited's capital structure comprises:

• Total equity shares: 7,94,20,876 shares of INR 10 face value each
• Fully paid-up shares: 7,03,52,056 shares
• Partly paid-up shares: 90,68,820 shares (paid-up to INR 7.50 per share)
• Total diluted share capital: INR 82,44,38,160 comprising 8,24,43,816 equity shares

Regulatory Compliance and Disclosure

The disclosure was made by Ayan Banerjee, Director of TIL Global Private Limited (DIN 07563764), from Kolkata on April 16, 2026. The filing confirms that TIL Global maintains its promoter status in TIL Limited, which is listed on both BSE Limited and National Stock Exchange of India Limited.

The transaction represents a strategic capital raising exercise by TIL Limited through the rights route, allowing existing shareholders to participate proportionally in the company's expanded equity base while maintaining the promoter's controlling interest despite the percentage dilution.

TIL Limited has successfully completed the allotment of 1,20,91,760 partly paid-up equity shares through its rights issue and published mandatory compliance advertisements in newspapers on April 14, 2026. The Rights Issue Committee approved the allotment on April 09, 2026, following the finalization of the basis of allotment in consultation with the designated stock exchange, National Stock Exchange of India Limited.

Rights Issue Details

The allotment was made to eligible shareholders and renuncees in accordance with the Letter of Offer dated March 20, 2026. The rights equity shares were priced at ₹165.00 per share, which includes a premium of ₹155.00 per rights equity share over the face value of ₹10.

Subscription and Allotment Details

The rights issue received an overwhelming response with 140.59% subscription. Out of 2,046 applications for 1,70,13,826 rights equity shares received, 102 applications for 14,432 shares were rejected due to technical reasons. The company processed 1,943 valid applications for 1,69,99,394 rights equity shares.

Updated Share Capital Structure

Following the completion of this allotment, TIL Limited's paid-up equity share capital has been restructured to include both fully paid-up and partly paid-up equity shares.

Regulatory Compliance and Trading

The company published compliance advertisements on April 14, 2026, in Financial Express (English national daily), Jansatta (Hindi national daily), and Dainik Statesman - Kolkata edition (Bengali regional daily) as required under Regulation 92 of SEBI ICDR Regulations. The advertisements detailed subscription information, basis of allotment, and credit of equity shares.

The allotment advice dispatch was completed on April 13, 2026, and the rights equity shares commenced trading on BSE and NSE on April 13, 2026, under the same ISIN INE806C02026 as existing equity shares. The listing applications were filed and approvals received from both exchanges on April 10, 2026.

This rights issue follows the company's earlier regulatory approvals, including the Board of Directors' approval on February 23, 2026, and subsequent Rights Issue Committee meetings that approved the detailed terms and Letter of Offer.