TPI India Limited has scheduled a crucial Board of Directors meeting for April 7, 2026, to finalize the terms and conditions of its proposed rights issue worth up to ₹16 crore. The announcement comes following the company's receipt of in-principle approval from BSE Limited, marking a significant step forward in the capital raising process.

Rights Issue Background and Authorization

The foundation for this rights issue was laid during a Board meeting held on January 23, 2026, where directors authorized the rights issue of fully paid-up equity shares. The Board also approved the Draft Letter of Offer during the same meeting, ensuring compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance and Approvals

The company had initially postponed its Board meeting pending receipt of in-principle approval from the stock exchange, as communicated to BSE on January 30, 2026. With BSE Limited granting its in-principle approval on April 1, 2026, tpindia can now proceed with finalizing the rights issue parameters.

Agenda for April 7 Board Meeting

The scheduled Board meeting will address several critical aspects of the rights issue:

• Determination of issue price for equity shares
• Rights entitlement ratio for existing shareholders
• Record date for rights issue eligibility
• Timing and schedule of the rights issue
• Terms of payment and collection procedures
• Other related terms and conditions

Meeting Logistics and Transparency

The Board meeting will be conducted at the company's registered office on Tuesday, April 7, 2026. In line with transparency requirements, the company has made the intimation available on its official website at www.tpiindia.in . The announcement was signed by Managing Director Bharat C Parekh, who holds DIN 02650644.

Regulatory Framework

This announcement has been made in accordance with Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ensuring proper market disclosure. The rights issue structure follows established regulatory frameworks under Indian securities law, providing existing shareholders with preferential subscription rights to maintain their proportionate ownership in the company.

TPI India Limited has delivered impressive financial performance for the quarter ended December 31, 2025, with significant improvements across key metrics. The polymer-based products manufacturer reported a substantial increase in profitability, marking a strong turnaround in its operational efficiency.

Financial Performance Highlights

The company's quarterly results demonstrate remarkable growth momentum, with profit surging nearly three-fold compared to the previous year.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, further reinforces the company's improved operational performance across all major parameters.

Operational Efficiency Improvements

TPI India demonstrated enhanced cost management during the quarter. The company's total expenses decreased to ₹788.26 lakhs in Q3FY26 from ₹801.69 lakhs in Q3FY25, despite maintaining revenue growth. Key expense categories showed mixed trends:

• Cost of materials consumed: ₹521.56 lakhs (Q3FY26) vs ₹562.93 lakhs (Q3FY25)
• Employee benefits expense: ₹39.73 lakhs vs ₹40.95 lakhs
• Finance costs reduced to ₹28.57 lakhs from ₹37.34 lakhs
• Other expenses increased to ₹145.32 lakhs from ₹138.10 lakhs

Corporate Governance and Compliance

The Board of Directors approved the unaudited financial results during their meeting held on February 6, 2026, at the company's registered office. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's statutory auditors, Jain Jagawat Kamdar & Co., conducted a limited review of the financial results. However, they noted that the company's net worth has been completely eroded, with accumulated losses exceeding the cumulative balance of share capital and reserves, though the results were prepared on a going concern basis.

Business Focus and Operations

TPI India Limited operates exclusively in the polymer-based multiple product segment, with its entire operations relating to this single business vertical. The company maintains its paid-up equity share capital at ₹429.63 lakhs with a face value of ₹1 per share, remaining unchanged across all reported periods.

The company reported no investor complaints as of December 31, 2025, indicating effective stakeholder communication and grievance management processes.