Tube Investments of India Limited has completed the allotment of 7,941 equity shares under its Employee Stock Option Plan 2017, as announced in a regulatory filing dated March 31, 2026. The allotment represents the exercise of stock options by eligible employees under the company's established employee benefit scheme.

Share Allotment Details

The equity shares were allotted at two different exercise price levels, reflecting the varying grant dates and market conditions at the time of option grants:

All shares carry a face value of Re.1/- each and rank pari passu with existing equity shares of the company.

Impact on Share Capital

The allotment has resulted in an increase in the company's equity base, with the following changes to the capital structure:

Employee Stock Option Plan Framework

The allotment was executed under the Employee Stock Option Plan 2017, which serves as a key component of the company's employee retention and incentive strategy. The exercise of options by eligible employees demonstrates confidence in the company's long-term prospects and aligns employee interests with shareholder value creation.

The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about the allotment, ensuring compliance with regulatory disclosure requirements. The notification was signed by S. Krithika, Company Secretary, confirming the completion of all necessary formalities for the share allotment process.

Tube Investments of India has completed its significant investment initiative in the electric mobility sector, with TI Clean Mobility Private Limited allotting 2.5 crore Series C Compulsorily Convertible Preference Shares on March 30, 2026, finalizing the ₹250 crore commitment to expand clean transportation operations.

Investment Completion and Share Allotment

Following the subscription agreement entered on March 30, 2026, TI Clean Mobility Private Limited has successfully allotted 2,50,00,000 Series C Compulsorily Convertible Preference Shares to Tube Investments of India on the same date. The company has filed the requisite disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Strategic Purpose and Business Focus

TI Clean Mobility Private Limited operates in the electric mobility business, and this fund raising initiative is designed to scale up operations of TICMPL and its subsidiaries. The investment represents Tube Investments of India's strategic commitment to strengthening its presence in the electric vehicle ecosystem.

Updated Shareholding Structure

TI Clean Mobility Private Limited is a subsidiary of Tube Investments of India. With the completion of this latest investment, TII's holdings in TICMPL have been enhanced significantly.

Regulatory Compliance and Agreement Framework

Alongside the subscription agreement, TII and TICMPL have entered into an Amended and Restated Shareholders Agreement with TICMPL investors. The agreement includes significant terms covering board composition, investor affirmative vote matters, information rights, pre-emption rights, right of first offer, tag along rights, conversion terms, non-compete and non-solicitation clauses.

The successful completion of this transaction demonstrates the company's confidence in the electric mobility market potential and commitment to clean transportation solutions. The allotment of Series C CCPS at face value of ₹100 per share marks a significant milestone in TII's electric mobility expansion strategy.