Tipco Engineering India Ltd has announced the resignation of its Independent Director Mr. Jeewan Chandra, effective April 07, 2026. The company, which manufactures reaction vessels, grinding mills, dispensers, and paint-ink & chemical machineries, informed BSE Limited of this corporate governance change in compliance with regulatory requirements.

Director Resignation Details

Mr. Jeewan Chandra (DIN: 05319578) submitted his resignation letter on April 07, 2026, stepping down from his role as Non-Executive Independent Director with effect from the closure of business hours on the same date. The resignation was attributed to personal reasons, with the director unable to continue discharging his duties in the position.

Regulatory Compliance and Confirmations

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As part of the regulatory requirements, Mr. Chandra provided written confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter dated April 07, 2026.

The resignation letter expressed gratitude to the Board of Directors for their support and cooperation during his tenure, while wishing the company continued success in future endeavors. Managing Director Ritesh Sharma (DIN: 08358943) accepted the resignation on behalf of Tipco Engineering India Limited.

Other Directorships

Mr. Jeewan Chandra currently holds directorship in another listed entity, serving as Non-Executive Independent Director at PAN HR Solution Limited. His board committee responsibilities at PAN HR Solution Limited include:

• Audit Committee: Chairman
• Nomination and Remuneration Committee: Member
• Stakeholder Relationship Committee: Member

Company Background

Tipco Engineering India Limited, formerly known as Tipco Engineering India Private Limited, operates from Sonipat, Haryana, specializing in manufacturing industrial equipment. The company is listed on BSE with scrip code 544740 and ISIN INE1U6D01014, maintaining ISO 9001:2015 certification for its operations.

Rajasthan Global Securities Pvt. Ltd. has made a substantial acquisition in TIPCO Engineering India Limited, acquiring a significant stake through the company's Initial Public Offering (IPO). The acquisition has triggered mandatory disclosure requirements under SEBI's substantial acquisition regulations.

Acquisition Details

Rajasthan Global Securities Pvt. Ltd., acting as the primary acquirer along with Persons Acting in Concert (PAC) including LRSD Securities Pvt. Ltd and Lalit Dua, has acquired shares in TIPCO Engineering India Limited. The acquirer does not belong to the promoter or promoter group of the target company.

Share Acquisition Breakdown

The acquisition represents a substantial stake in TIPCO Engineering India Limited. Prior to this transaction, Rajasthan Global Securities held no shares in the target company.

Company Capital Structure

TIPCO Engineering India Limited's equity structure remains unchanged following the acquisition, with the total share capital maintained at the same level before and after the transaction.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition includes shares allotted as an Anchor Investor in the IPO process. The transaction represents a significant investment by Rajasthan Global Securities in the engineering sector company listed on the BSE-SME platform.

The formal disclosure was signed by an authorized signatory and director of Rajasthan Global Securities Pvt. Ltd. from New Delhi on 02.04.2026, fulfilling the mandatory reporting requirements under securities regulations.