TIL Limited has announced the adjournment of its Rights Issue Committee meeting that was scheduled for March 05, 2026. The company informed both BSE and NSE about this development through an official communication dated March 05, 2026.

Meeting Details and Adjournment

The Rights Issue Committee meeting was originally convened on March 05, 2026, as per the earlier announcement dated February 27, 2026. However, during the session, the Chairman decided to adjourn the meeting with the consent of all members present.

Rights Issue Agenda Items

The adjourned meeting will reconvene on March 07, 2026, to address the remaining agenda items related to the proposed rights issue. The key matters to be considered include:

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

Regulatory Compliance

The company has clarified that the rescheduled meeting on March 07, 2026, is subject to receipt of approvals from stock exchanges and other regulatory authorities as may be required. This demonstrates TIL Limited's commitment to maintaining proper regulatory compliance throughout the rights issue process.

Corporate Communication

The official 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 the announcement was made in accordance with Regulation 30 of the 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.