TIL Limited has announced another postponement of its Rights Issue Committee meeting, now rescheduled to either March 12, 2026 or March 13, 2026. The company informed both BSE and NSE about this latest development through an official communication dated March 11, 2026.

Latest Meeting Rescheduling

The Rights Issue Committee meeting, originally planned for March 10, 2026, could not be held as scheduled. The company has now proposed two potential dates for the meeting, contingent upon receiving necessary regulatory approvals.

Meeting Rescheduling Timeline

The Rights Issue Committee meeting has undergone multiple postponements due to regulatory requirements. The company has consistently cited pending in-principle approval from the stock exchanges in connection with the proposed rights issue as the reason for the ongoing delays.

Rights Issue Agenda Items

The rescheduled meeting will address key agenda items related to the proposed rights issue. The committee will consider:

• Fixing the record date for the rights issue
• Determining the issue price
• Setting the entitlement ratio
• Other matters related to the proposed rights issue
• Any additional matters with the Chairman's permission

Regulatory Compliance Requirements

The company has emphasized that the meeting remains contingent upon receiving necessary in-principle approvals from stock exchanges. This requirement has been the primary factor behind the successive postponements, demonstrating the company's adherence to regulatory protocols before proceeding with the rights issue process.

Corporate Communication

The latest communication was signed by Chandrani Chatterjee, Company Secretary of TIL Limited. The company maintains its registered office at 1, Taratolla Road, Garden Reach, Kolkata-700 024, and continues to keep stakeholders informed about developments related to the proposed rights issue in accordance with Regulation 30 and listing regulations.

TIL Limited has announced that its Rights Issue Committee will convene on March 05, 2026, to finalize crucial parameters for the previously approved ₹200 crore rights issue. This development follows the board's approval on February 23, 2026, for major fundraising and acquisition initiatives that demonstrate the company's strategic focus on capital expansion and business diversification in the energy infrastructure sector.

Rights Issue Committee Meeting Details

The Rights Issue Committee meeting scheduled for March 05, 2026, will seek approval to fix the record date, price, and entitlement ratio for the rights issue. The committee's decisions will be subject to receipt of approvals from stock exchanges and other regulatory authorities as may be required.

Rights Issue Framework

The board has approved raising funds of up to ₹200 crores through a rights issue of equity shares to eligible shareholders. The company will issue equity shares on a rights basis in accordance with SEBI regulations, with detailed terms to be determined by the Rights Issue Committee.

Strategic Acquisition of Tulip Compression

Alongside the rights issue, the board has approved signing a share purchase agreement with Gainwell Commosales Private Limited for acquiring a 60% stake in Tulip Compression Private Limited. The total consideration for this acquisition is ₹119.01 crores, payable in cash.

Regulatory Timeline and Compliance

The acquisition is subject to shareholder approval at an Extra-ordinary General Meeting scheduled for March 14, 2026. This transaction is classified as a related party transaction conducted on an arm's length basis, with the promoter group having no interest in the entity being acquired.

These strategic initiatives reflect TIL Limited's systematic approach to expanding its presence in the energy infrastructure sector while maintaining strict adherence to corporate governance and regulatory requirements.