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.

Tube Investments of India Limited has announced its strategic entry into the metal injection molding business through the acquisition of Orange Koi Private Limited. The company executed definitive agreements on 6th February 2026 for acquiring up to 87% equity stake in Orange Koi for an aggregate consideration of up to ₹73 crores, marking a significant expansion into precision manufacturing technologies.

Acquisition Structure and Financial Details

The acquisition involves a staggered approach combining both primary and secondary transactions. TII will acquire 18,64,778 equity shares representing up to 87% of Orange Koi's equity share capital through a combination of purchasing shares from existing shareholders and subscribing to fresh equity shares.

Target Company Profile

Orange Koi Private Limited, incorporated on 11th December 2020, specializes in manufacturing precision parts for medical and defence industries using advanced technologies including metal injection molding and additive manufacturing. The company has demonstrated strong growth trajectory over the past three years.

Strategic Rationale

According to the company's disclosure, TII has identified metal injection molding as a strategic business opportunity with potential in both automotive and non-automotive industries. The acquisition aligns with the company's long-term growth strategy and represents diversification into adjacent business segments that complement its core engineering expertise.

Mr. Mukesh Ahuja, Managing Director of TII, emphasized the strategic value of combining TII's engineering expertise and customer relationships with Orange Koi's specialized technologies and innovation culture to create a strong platform for next-generation precision manufacturing.

Regulatory Compliance

The transaction has been structured as a non-related party transaction, with no promoter or group company interests in the target entity. The acquisition is subject to satisfactory completion of conditions precedent contained in the Securities Subscription and Purchase Agreement and Shareholders' Agreement executed between the parties. No governmental or regulatory approvals are required for this acquisition.

Business Integration

The proposed investment will support Orange Koi's expansion plans, including increasing manufacturing capabilities in the metal injection molding segment. This acquisition positions TII to leverage advanced manufacturing processes for producing high-performance complex metal parts across medical, defence, and industrial applications, expanding its presence beyond traditional automotive and engineering sectors.