Tube Investments of India Limited has completed the allotment of 25,258 equity shares under its Employee Stock Option Plan 2017, as communicated to stock exchanges on February 27, 2026. The allotment represents the exercise of stock options by eligible employees at a predetermined exercise price.

Share Allotment Details

The company allotted equity shares with specific parameters as outlined in its communication to the National Stock Exchange of India and BSE Limited:

Impact on Share Capital Structure

The allotment has resulted in changes to the company's equity structure. The exercise of stock options under the Employee Stock Option Plan 2017 has increased both the number of outstanding shares and the paid-up equity share capital.

Employee Stock Option Plan Framework

The allotment was executed under the company's Employee Stock Option Plan 2017, which provides eligible employees the opportunity to acquire equity shares at predetermined exercise prices. The plan serves as an employee retention and incentive mechanism, allowing participants to benefit from the company's performance through equity ownership.

The company has fulfilled all regulatory requirements by promptly informing both major stock exchanges about the share allotment. Tube Investments of India Limited trades on the National Stock Exchange under the symbol TIIINDIA and on BSE with security code 540762.

Tube Investments of India Limited has issued a postal ballot notice dated February 16, 2026, seeking shareholder approval for the reappointment of two independent directors through a remote e-voting process. The notice was sent electronically to all shareholders whose email addresses are registered with the company, depositories, or registrar as of the cut-off date of February 13, 2026.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted electronically through NSDL's e-voting platform.

Director Reappointments

The postal ballot seeks approval for two special resolutions regarding the reappointment of independent directors for their second terms.

Mr. Anand Kumar (DIN: 00818724)

Mr. Anand Kumar, aged 58 years, is proposed for reappointment as an independent director for a second term of five consecutive years. His current term expires on March 23, 2026, and the proposed new term would run from March 24, 2026 to March 23, 2031.

Professional Background:

• Master of Business Administration degree from Vanderbilt University, United States
• Co-Founder and Partner of Gateway Partners, an investment firm
• Over three decades of experience in Corporate & Investment Banking
• Previously held leadership positions at Standard Chartered Bank and Morgan Stanley

Board Positions and Remuneration:

Mr. V S Radhakrishnan (DIN: 08064705)

Mr. V S Radhakrishnan, aged 63 years, is proposed for reappointment for a second term of five consecutive years. His current term expires on July 4, 2026, and the proposed new term would run from July 5, 2026 to July 4, 2031.

Professional Background:

• Post graduate in Commerce and MBA from Madras University
• Certified Associate of Indian Institute of Bankers
• Over three decades of experience with State Bank of India (SBI)
• Retired as Deputy Managing Director of Commercial Clients group of SBI in January 2023

Board Positions and Remuneration:

Regulatory Compliance and Governance

Both reappointments are being conducted in compliance with Sections 149, 150, and 152 of the Companies Act, 2013, along with SEBI Listing Regulations. The board has recommended both reappointments based on performance evaluations and the directors' continued contributions to the company's strategic initiatives.

Both directors have submitted necessary declarations confirming their independence and compliance with regulatory requirements. They have also confirmed that they meet the criteria for independence as specified in the Companies Act and SEBI regulations, and are not debarred from holding directorship positions.

Voting Instructions and Shareholder Information

Shareholders can access the e-voting platform through NSDL's website at www.evoting.nsdl.com . The complete postal ballot notice is available on the company's website at https://tiindia.com/ . Individual shareholders holding securities in demat mode can vote through their demat accounts maintained with depositories, while other shareholders can use the NSDL e-voting system with their designated user credentials.

The resolutions, if passed by the requisite majority, will be deemed to have been passed on March 19, 2026, the last date for e-voting. Results will be communicated to stock exchanges and posted on both the company's and NSDL's websites.