TIL Limited has finalized the complete timeline for its ₹199.51 crore rights issue following two consecutive Rights Issue Committee meetings. After initially meeting on March 16, 2026, to approve key parameters, the committee reconvened on March 20, 2026, to establish the comprehensive schedule for the equity share issuance.

Rights Issue Structure and Pricing

The Rights Issue Committee has established detailed parameters for the equity share issuance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will issue partly paid-up equity shares with specific payment terms requiring 75% of the issue price on application.

Complete Rights Issue Timeline

The Rights Issue Committee meeting held on March 20, 2026, from 10:00 p.m. to 10:25 p.m., approved the comprehensive schedule for the rights issue process. The timeline provides clear dates for various stages of the rights entitlement and application process.

Stock Exchange Approvals and ISIN Details

The committee acknowledged receipt of in-principle approvals from both major stock exchanges. NSE provided approval through letter reference NSE/LIST/53745 dated March 16, 2026, while BSE issued approval via reference LOD/RIGHT/SS/FIP/1885/2025-2026 dated March 16, 2026. Rights entitlements will be credited to eligible shareholders' demat accounts under the new ISIN INE806C20026 before the issue opening date.

Rights Entitlement Process

Eligible equity shareholders as on the record date of March 23, 2026, will receive their rights entitlements credited to their demat accounts under the new ISIN before March 30, 2026. The rights entitlement follows the ratio of 11 new shares for every 64 existing shares held by eligible shareholders, with all terms detailed in the Letter of Offer.

Regulatory Compliance

The committee meeting outcomes have been communicated to stock exchanges pursuant to SEBI regulations and circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. TIL Limited operates from its registered office at 1, Taratolla Road, Garden Reach, Kolkata-700 024, with Company Secretary Chandrani Chatterjee handling regulatory communications.

TIL Limited has announced the official e-voting results of its Extraordinary General Meeting held on 14th March, 2026, confirming overwhelming shareholder approval for both critical resolutions. The company submitted the voting results to stock exchanges pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the Consolidated Scrutinizer's Report.

Major Acquisition Receives Strong Approval

Shareholders decisively approved the acquisition of 60% equity stake in Tulip Compression Private Limited, representing 37,90,250 equity shares of face value Rs 10 each. The acquisition involves purchasing shares from Gainwell Commosales Private Limited, a related party under the Companies Act, 2013.

Voting Results Demonstrate Strong Support

The e-voting results revealed exceptional shareholder confidence in both resolutions. For the acquisition resolution, 8,184,273 votes were polled representing 12.28% of outstanding shares, with 8,184,252 votes in favour (99.99%) and only 21 votes against (0.01%).

Enhanced Borrowing Capacity Approved

The second resolution for enhancing the company's borrowing limit to Rs 600 crores under Section 180(1)(c) of the Companies Act, 2013 received even stronger participation. A total of 53,761,705 votes were polled representing 80.72% of outstanding shares, with 53,761,684 votes in favour (99.99%) and 21 votes against (0.01%).

E-Voting Process and Compliance

The remote e-voting window operated from 9:00 AM on 10th March, 2026 to 5:00 PM on 13th March, 2026, with additional e-voting during the EGM from 11:30 AM to 12:10 PM on 14th March, 2026. Ms. Rupanjana De, Practicing Company Secretary from Rupanjana De & Co., served as the appointed Scrutinizer ensuring transparent voting processes through NSDL's e-voting platform.

The company's total shareholder base comprised 11,026 shareholders as of the cut-off date of 7th March, 2026, with 58 shareholders attending the EGM through video conferencing. The resolutions authorize the Board of Directors and designated personnel to execute the acquisition agreements, determine final terms, and handle regulatory filings with authorities including the Registrar of Companies, SEBI, Stock Exchanges, and Competition Commission of India.