TIL Limited has initiated the process of collecting the First and Final call money on partly paid shares issued on a rights basis by sending reminder letters to eligible shareholders. The company has established a specific payment window from July 17, 2026, to July 31, 2026, for shareholders to settle the pending dues. This action is necessary to complete the payment process for the rights shares allotted previously.

The acceptance of the call money will be conducted exclusively through the Non-ASBA mode during the stipulated period. Shareholders who have not yet paid the call money are required to utilize this window to ensure their entitlements are regularized. The company has communicated that it will apply for the further listing and trading of these shares only after the closure of the call money acceptance period on July 31, 2026.

The intimation regarding the dispatch of reminder letters follows the company's earlier communication dated July 9, 2026, which concerned the allotment of fully paid-up shares issued on a rights basis. The current notice serves to alert the exchanges and shareholders about the final opportunity to pay the call money on the partly paid-up rights shares.

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.