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.

TIL Limited has received a confirmation certificate from its registrar CB Management Services (P) Limited regarding the successful completion of dematerialization activities during the quarter ended March 31, 2026. The certificate was issued in compliance with Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The confirmation certificate, dated April 3, 2026, and bearing reference number CBMSPL/CEL/74(5)/MARCH-2026, was issued by CB Management Services (P) Limited, which serves as the registrar for TIL Limited. The certificate addresses the regulatory requirements outlined in various SEBI and depository circulars issued in January 2019.

Dematerialization Process Confirmation

The registrar has confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories. The certificate states that these securities have been listed on the stock exchanges where the company's earlier issued securities are already listed.

CB Management Services has verified that the security certificates received for dematerialization have been confirmed or rejected as appropriate. The physical security certificates received were mutilated and cancelled after due verification by the depository participant, following standard regulatory procedures.

Administrative Updates

As part of the dematerialization process, the registrar has confirmed that the names of the depositories have been substituted in the register of members as the registered owner within the prescribed timelines. This administrative step ensures proper record-keeping and compliance with regulatory requirements.

The certificate was signed by Rana Roy Chowdhury on behalf of CB Management Services (P) Limited in their capacity as registrars, and acknowledged by Chandrani Chatterjee, Company Secretary of TIL Limited. This documentation serves as formal confirmation of the company's compliance with SEBI's dematerialization regulations for the specified quarter.