TIL Limited Completes Allotment of 1.21 Crore Partly Paid-Up Equity Shares Through Rights Issue

TIL Limited has successfully completed the allotment of 1,20,91,760 partly paid-up equity shares through its rights issue, marking a significant milestone in the company's capital raising initiative. The Rights Issue Committee approved the allotment on April 09, 2026, following the finalization of the basis of allotment in consultation with the designated stock exchange, National Stock Exchange of India Limited.

Rights Issue Details

The allotment was made to eligible shareholders and renuncees in accordance with the Letter of Offer dated March 20, 2026. The rights equity shares were priced at ₹123.75 per share, which includes a premium of ₹116.25 per rights equity share over the face value of ₹10.

Parameter: Details Total Shares Allotted: 1,20,91,760 Face Value per Share: ₹10 Issue Price per Share: ₹123.75 Premium per Share: ₹116.25 Amount Paid on Application: ₹7.50 per share Letter of Offer Date: March 20, 2026

Payment Structure

Under the rights issue structure, shareholders have paid ₹7.50 per share on application, representing a partial payment towards the total issue price. The balance amount will be payable on calls as defined in the Letter of Offer, providing flexibility in the payment schedule for shareholders.

Updated Share Capital Structure

Following the completion of this allotment, TIL Limited's paid-up equity share capital has been restructured to include both fully paid-up and partly paid-up equity shares.

Share Category: Number of Shares Amount (₹) Fully Paid-up Equity Shares (₹10 each): 7,03,52,056 70,35,20,560 Partly Paid-up Equity Shares (₹7.50 paid): 1,20,91,760 9,06,88,200

Regulatory Compliance

The allotment process was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Rights Issue Committee meeting commenced at 10.00 p.m. and concluded at 10.30 p.m. on April 09, 2026.

This rights issue follows the company's earlier intimations submitted under Regulation 30, including the Board of Directors' approval on February 23, 2026, and the Rights Issue Committee meetings on March 16, 2026, and March 20, 2026, which approved the detailed terms and Letter of Offer respectively.

TIL Limited has received a confirmation certificate from its registrar CB Management Services (P) Limited regarding the successful completion of dematerialization activities during the quarter ended March 31, 2026. The certificate was issued in compliance with Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The confirmation certificate, dated April 3, 2026, and bearing reference number CBMSPL/CEL/74(5)/MARCH-2026, was issued by CB Management Services (P) Limited, which serves as the registrar for TIL Limited. The certificate addresses the regulatory requirements outlined in various SEBI and depository circulars issued in January 2019.

Certificate Details: Information Issuing Authority: CB Management Services (P) Limited Reference Number: CBMSPL/CEL/74(5)/MARCH-2026 Issue Date: April 3, 2026 Quarter Covered: Q4FY26 (ended March 31, 2026) Regulation: SEBI Depositories Regulation 74(5)

Dematerialization Process Confirmation

The registrar has confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories. The certificate states that these securities have been listed on the stock exchanges where the company's earlier issued securities are already listed.

CB Management Services has verified that the security certificates received for dematerialization have been confirmed or rejected as appropriate. The physical security certificates received were mutilated and cancelled after due verification by the depository participant, following standard regulatory procedures.

Administrative Updates

As part of the dematerialization process, the registrar has confirmed that the names of the depositories have been substituted in the register of members as the registered owner within the prescribed timelines. This administrative step ensures proper record-keeping and compliance with regulatory requirements.

The certificate was signed by Rana Roy Chowdhury on behalf of CB Management Services (P) Limited in their capacity as registrars, and acknowledged by Chandrani Chatterjee, Company Secretary of TIL Limited. This documentation serves as formal confirmation of the company's compliance with SEBI's dematerialization regulations for the specified quarter.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.