TIL Limited reported a net loss of ₹30.86 crore for the financial year ended March 31, 2026, compared to a net profit of ₹2.90 crore in the previous year. Total turnover, including income from operations and other income, stood at ₹337.36 crore, down from ₹343.07 crore in FY25. The company reported an operating loss of ₹35.15 crore for the year under review, against an operating profit of ₹4.19 crore in the previous year.

The company's order book stood at approximately ₹274 crore as of March 2026, comprising orders in hand of ₹116.7 crore and a pipeline of ₹157.1 crore. TIL secured approximately ₹200 crore in new orders during FY26, including from CONCOR for new machine supply and operations & maintenance, as well as from the Indian Armed Forces for specialised defence equipment.

Financial Performance

The financial results for the year reflect the company's ongoing transformation under new management. The consolidated turnover for the year ended March 31, 2026, was ₹337.36 crore compared to ₹343.09 crore in the previous year. The group earned an operating loss of ₹35.06 crore during the year under review as compared to an operating profit of ₹4.15 crore in the previous year.

Strategic Developments

FY26 marked a year of accelerating momentum in TIL Limited’s transformation journey. The company strengthened its position across infrastructure, defence, logistics, and material handling sectors. Key developments included the launch of three new innovative products at EXCON 2025: the CarryKing 515, RT RST-8, and TMS 885.

In February 2026, the company completed the acquisition of a 60% stake in Tulip Compression Private Limited (TCPL), a Delhi-based company operating in the clean energy infrastructure sector. This acquisition expands TIL's addressable market into the clean energy adjacency.

Corporate Governance

The Board of Directors has recommended the appointment of M/s. V. Singhi & Associates as the Statutory Auditors of the Company for a term of five consecutive years commencing from the Financial Year 2026-27. The Board has also appointed M/s. N. Radhakrishnan & Co. as the Cost Auditors for the financial year 2026-27, subject to ratification by the shareholders.

The 51st Annual General Meeting of the company will be held on Wednesday, July 29, 2026, at 11.30 a.m. at G.D. Birla Sabhagar, Kolkata. The remote e-voting process will commence on Saturday, July 25, 2026, at 9.00 a.m. and end on Tuesday, July 28, 2026, at 5.00 p.m.

TIL Global Private Limited, the promoter of TIL Limited , has confirmed it holds 4,93,27,433 equity shares, representing a 70.12% stake. The company stated in a regulatory filing that no encumbrance was created, directly or indirectly, on these shares during the financial year ended March 31, 2026.

The disclosure was submitted to the National Stock Exchange of India and BSE Ltd. pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to annually disclose the status of their shareholding and any encumbrances.

While the promoter confirmed the absence of fresh encumbrances, the filing noted that 1,12,46,592 equity shares out of the total holding are under lock-in. These shares are locked in accordance with Regulation 164A(7) and 167(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The following table details the shareholding status disclosed by the promoter:

TIL Global Private Limited, formerly known as Indocrest Defence Solutions Pvt Ltd., executed the declaration. The letter was addressed to the listing departments of both exchanges and copied to TIL Limited's registered office in Kolkata.