TPI India Ltd , a company listed on the BSE Limited, has reported a significant change in its promoter shareholding. Bharat C. Parekh, a key promoter of the company, has reduced his stake through a substantial share sale in the open market.

Share Sale Details

On July 23, 2025, Bharat C. Parekh sold 10,59,320 shares of TPI India Ltd through open market transactions. This sale has resulted in a notable reduction in his shareholding in the company:

Impact on Ownership Structure

The transaction has led to a shift in the ownership structure of TPI India Ltd:

• The shares sold were carrying voting rights.
• No encumbrances, warrants, or convertible securities were involved in the transaction.
• TPI India's total equity share capital remains unchanged at 4,29,63,470 shares.

Regulatory Compliance

In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, TPI India Ltd has made the necessary disclosures to the BSE Limited. The company filed the required intimation on July 24, 2025, detailing the changes in promoter shareholding.

Company Overview

TPI India Ltd, trading under the BSE Scrip Code 500421, is based in Murbad, Maharashtra. The company's registered office is located at Plot No J-61, Additional MIDC, Dist Thane, Murbad, Maharashtra, 421401.

This share sale by a prominent promoter may be of interest to investors and market analysts monitoring ownership changes in listed companies. However, it's important to note that the reasons behind the sale and its potential implications for the company's future direction have not been disclosed in the regulatory filing.

TPI India Limited has announced a significant new order worth ₹13.77 crore from Indian Oil Corporation Limited (IOCL), marking a notable development for the company in the domestic market.

Order Details

The order, valued at ₹137.70 million (₹13.77 crore), involves the manufacturing and supply of FIBC (Flexible Intermediate Bulk Container) bags to IOCL. This domestic contract is set to be executed over a period of two years, as per the company's disclosure to the Bombay Stock Exchange (BSE).

Strategic Importance

This order from IOCL, a major player in India's oil and gas sector, underscores TPI India's capabilities in producing industrial packaging solutions. FIBC bags are widely used in the transportation and storage of bulk materials, indicating that this order could be part of IOCL's supply chain operations.

Company Disclosure

In compliance with SEBI regulations, TPI India has provided detailed information about the order:

The company has confirmed that this order does not fall under related party transactions, and neither the promoter group nor group companies have any interest in IOCL.

Management Statement

Bharat Chimanlal Parekh, Managing Director of TPI India, signed off on the regulatory filing, emphasizing the company's commitment to transparency and adherence to disclosure norms.

This new order is expected to contribute to TPI India's revenue stream over the next two years, potentially strengthening its position in the industrial packaging sector. Investors and market analysts will likely monitor the execution of this contract and its impact on the company's financial performance in the coming quarters.