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.

TIL Limited has announced another postponement of its Rights Issue Committee meeting, now rescheduled to either March 12, 2026 or March 13, 2026. The company informed both BSE and NSE about this latest development through an official communication dated March 11, 2026.

Latest Meeting Rescheduling

The Rights Issue Committee meeting, originally planned for March 10, 2026, could not be held as scheduled. The company has now proposed two potential dates for the meeting, contingent upon receiving necessary regulatory approvals.

Meeting Rescheduling Timeline

The Rights Issue Committee meeting has undergone multiple postponements due to regulatory requirements. The company has consistently cited pending in-principle approval from the stock exchanges in connection with the proposed rights issue as the reason for the ongoing delays.

Rights Issue Agenda Items

The rescheduled meeting will address key agenda items related to the proposed rights issue. The committee will consider:

• Fixing the record date for the rights issue
• Determining the issue price
• Setting the entitlement ratio
• Other matters related to the proposed rights issue
• Any additional matters with the Chairman's permission

Regulatory Compliance Requirements

The company has emphasized that the meeting remains contingent upon receiving necessary in-principle approvals from stock exchanges. This requirement has been the primary factor behind the successive postponements, demonstrating the company's adherence to regulatory protocols before proceeding with the rights issue process.

Corporate Communication

The latest communication was signed by Chandrani Chatterjee, Company Secretary of TIL Limited. The company maintains its registered office at 1, Taratolla Road, Garden Reach, Kolkata-700 024, and continues to keep stakeholders informed about developments related to the proposed rights issue in accordance with Regulation 30 and listing regulations.