Tube investment of India Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements. The certificate confirms the company's compliance with disclosure norms for depository transactions during the reporting period.

Regulatory Compliance Filing

The company submitted the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both the National Stock Exchange of India Limited and BSE Limited on April 6, 2026. The filing was signed by S Krithika, Company Secretary of Tube Investments of India Limited.

Registrar Certification

KFin Technologies Limited, serving as the Registrar to an Issue and Share Transfer Agent for Tube Investments of India Limited, issued the compliance certificate on April 1, 2026. The certificate was signed by S R Ramesh, Deputy Vice President at KFin Technologies Limited.

The registrar certified that details of securities dematerialized and rematerialized during the quarter from January 1, 2026 to March 31, 2026 have been furnished to all stock exchanges where the company's shares are listed, as required under the SEBI regulations.

Depository Notifications

KFin Technologies Limited submitted separate certificates to both major depositories in India:

• Central Depository Services (India) Limited (CDSL) - Certificate reference KFIN/TUBL/CDSL/74(5) E/1
• National Securities Depository Limited (NSDL) - Certificate reference KFIN/TUBL/NSDL/74(5) E/1

Both certificates confirm compliance with SEBI's requirements for reporting securities transactions during the specified quarter.

Company Information

Tube Investments of India Limited operates from its registered office at "Chola Crest", Thiru-Vi-Ka Industrial Estate, Guindy, Chennai. The company trades on stock exchanges under the scrip symbol TIINDIA on NSE and security code 540762 on BSE. This quarterly compliance filing represents part of the company's regular regulatory obligations to maintain transparency in securities transactions and depository operations.

Tube investment announced a strategic acquisition that strengthens its position in the electric vehicle sector. The company's subsidiary, TI Clean Mobility Private Limited, has acquired the remaining stake in TIVOLT Electric Vehicles Private Limited for ₹30 crore, making it a wholly owned subsidiary effective 31st March 2026.

Acquisition Details

The transaction involved the purchase of 3 crore equity shares representing the entire remaining 5.45% stake held by other shareholders in TIVOLT. The acquisition was completed through an all-cash consideration of ₹30 crore on an arms' length basis.

About TIVOLT Electric Vehicles

TIVOLT Electric Vehicles Private Limited, incorporated in 2023, operates in the electric vehicle industry with a focus on manufacturing and selling electric small commercial vehicles. The company has an issued and paid-up equity capital of ₹550 crore and maintains its business operations in India.

Financial Performance

TIVOLT has demonstrated remarkable revenue growth over the past few years, showing significant expansion in its business operations.

The company's revenue surge from ₹5.21 crore in FY 2024-25 to ₹81.55 crore in the year-to-date period ending December 2025 reflects substantial business expansion in the electric commercial vehicle segment.

Strategic Rationale

According to the regulatory filing, this acquisition enables TI Clean Mobility Private Limited to consolidate its holding and achieve better operational control over TIVOLT's electric small commercial vehicle business. The transaction aligns with the company's strategy in the electric mobility sector.

The acquisition required no governmental or regulatory approvals, facilitating a smooth completion of the transaction. TIVOLT's business operations complement the existing portfolio of Tube Investments, though the electric vehicle manufacturing represents an expansion beyond the parent company's traditional business lines.

Corporate Structure Impact

With this acquisition, TIVOLT becomes a wholly owned subsidiary of TI Clean Mobility Private Limited, which itself is a subsidiary of Tube Investments of India Limited. This structure provides the parent company with complete control over TIVOLT's operations and strategic direction in the electric commercial vehicle market.