TIL Limited has announced an Extraordinary General Meeting (EGM) scheduled for January 28, 2026, to seek shareholder approval for two key director appointments. The meeting will be conducted through video conferencing at 11:00 AM, following the company's earlier board approvals for both appointments.

EGM Details and Agenda

The company has issued a formal notice for the EGM, which will address two special business items requiring shareholder approval:

Director Appointments for Approval

Anurag Srivastava - Non-Executive Director

The first resolution seeks approval for Mr. Anurag Srivastava's appointment as Non-Executive Director, effective November 10, 2025. Mr. Srivastava brings extensive leadership experience spanning government and industry sectors.

Mr. Srivastava currently serves as Managing Director & CEO of Parasea Coal Mine Project Private Ltd at Gainwell Group. A 2007 batch IAS officer, he holds a mechanical engineering degree from IIT Kanpur and a Micro Master's degree in Data, Economics, and Development Policy from MIT.

Vijay Singh Chauhan - Independent Director

The second resolution concerns Mr. Vijay Singh Chauhan's appointment as Non-Executive Independent Director, previously approved by the Board of Directors on December 22, 2025.

Mr. Chauhan brings over 30 years of expertise in economic policy formulation, fiscal responsibility, foreign direct investment, and international trade negotiations. He has been recognized with the Presidential Award for Specially Distinguished Record of Service in 2014.

E-voting and Participation Details

Shareholders can participate in remote e-voting from January 24, 2026 (9:00 AM) to January 27, 2026 (5:00 PM). The company has engaged NSDL as the e-voting service provider and appointed M/s. Rupanjana De & Co as the scrutinizer for the voting process.

Regulatory Compliance

Both appointments comply with Regulation 17(1C) of SEBI LODR requirements and have been recommended by the company's Nomination & Remuneration Committee. The EGM notice has been distributed to all registered shareholders via email and is available on the company's website and stock exchange platforms.

TIL Limited , a leading material handling and infrastructure equipment manufacturer in India, has announced its financial results for the second quarter of fiscal year 2026, along with the appointment of a new director to its board.

Financial Performance

TIL Limited reported a consolidated net loss of ₹73.00 lakhs for Q2 FY26, a significant improvement from the ₹772.00 lakhs loss in Q1 FY26. For the half-year ended September 30, 2025, the company's net loss stood at ₹1,394.00 lakhs. The company's revenue from operations for Q2 FY26 was ₹7,264.00 lakhs, showing a quarter-on-quarter growth of 24.4% from ₹5,836.00 lakhs in Q1 FY26.

Here's a summary of TIL Limited's financial performance:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q2 FY26 improved significantly to ₹327.00 lakhs, compared to ₹105.00 lakhs in Q1 FY26, representing an EBITDA margin of 4.0%.

Operational Highlights

TIL Limited's order book remains healthy at over ₹200.00 crore, indicating strong future revenue potential. The company plans to launch three new safety-focused material handling products at Excon 2025, aiming to unlock new market categories and leverage government infrastructure investments.

New Director Appointment

The Board of Directors has appointed Mr. Anurag Srivastava as an Additional Non-Executive Director, effective November 10, 2025. Mr. Srivastava brings a wealth of experience to TIL Limited:

• Currently serves as Managing Director & CEO of Parasea Coal Mine Project at Gainwell Group
• 2007 batch IAS officer with over 18 years of leadership experience
• Former Partner at PwC India, leading the Industrial Development and Investment Promotion platform
• Holds a degree in Mechanical Engineering from IIT Kanpur and a Micro Master's in Data, Economics, and Development Policy from MIT

Management Commentary

Mr. Alok Kumar Tripathi, President of TIL Limited, commented on the results: "Q2FY26 represents a period of steady progress, with encouraging signs across our focus areas of operational excellence, product innovation, and market expansion. Our order book remains healthy, supported by continued advances in product development and efficiency initiatives, providing a constructive outlook as we move into the seasonally stronger second half of the fiscal year."

Future Outlook

TIL Limited expects H2 FY26 to demonstrate significantly improved financial performance driven by:

1. Order book conversion
2. Incremental revenue contribution from new products
3. Operational leverage benefits as volumes scale

The company remains optimistic about delivering continued improvement through the rest of FY26, underpinned by India's sustained infrastructure investment cycle, strengthening capabilities, and a growing pipeline of opportunities across diverse customer segments.

As TIL Limited continues to navigate the challenges and opportunities in the material handling and infrastructure equipment sector, the appointment of Mr. Srivastava and the company's focus on product innovation and operational efficiency may position it well for future growth.