TIL Limited Reports No Deviations in Fund Utilization for Q4 FY26

TIL Limited has submitted its regulatory compliance statement confirming no deviations in fund utilization for the fourth quarter and financial year ended 31st March, 2026. The filing, made pursuant to Regulation 32 of SEBI Listing Regulations, addresses the utilization of proceeds from equity warrant conversion completed during the period.

Fund Raising Details

The company raised Rs. 60 crores through the conversion of 37,50,000 equity warrants, with the allotment date recorded as 28th January, 2026. This fund raising was conducted through warrants convertible into equity shares, representing a significant capital infusion for the company's growth initiatives.

Fund Utilization Breakdown

TIL Limited allocated the raised funds across three primary objectives, with complete utilization as per the original plan:

Original Object: Original Allocation (₹ in Lakh) Funds Utilised (₹ in Lakh) Deviation Capital expenditure for growth including acquisition 3,600 3,600 NIL Working capital requirements 1,200 1,200 NIL General corporate purposes 1,200 1,200 NIL Total 6,000 6,000 NIL

Compliance and Oversight

The company's filing indicates that no monitoring agency was appointed for this fund raising exercise. Both the Audit Committee and auditors provided no additional comments regarding the fund utilization, suggesting smooth implementation of the allocation plan.

Regulatory Filing Details

The statement was filed with both the National Stock Exchange of India Limited and BSE Limited, signed by Company Secretary Chandrani Chatterjee. The filing confirms that there were no modifications to the original objects or allocation amounts, and no shareholder approval was required for any changes as none occurred.

TIL Limited's complete adherence to its stated fund utilization plan demonstrates disciplined capital deployment across its identified growth areas, working capital needs, and corporate requirements without any deviations from the original allocation framework.

TIL Global Private Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing changes in its shareholding in TIL Limited following a rights issue transaction completed on April 14, 2026.

Shareholding Changes Through Rights Issue

The promoter entity's shareholding position underwent significant changes as a result of the rights issue allotment:

Parameter Before Rights Issue After Rights Issue Change Shares Held 4,93,27,433 5,05,36,609 +12,09,176 Shareholding (%) 70.12% 63.25% -6.87% Diluted Shareholding (%) 70.12% 61.30% -8.82%

Despite acquiring additional shares through the rights issue, TIL Global's percentage shareholding decreased due to the overall expansion of TIL Limited's share capital.

Rights Issue Details and Capital Structure

TIL Limited conducted a rights issue of partly paid-up equity shares with specific terms:

Rights Issue Parameters Details Face Value per Share INR 10.00 Paid-up Value per Share INR 7.50 Record Date March 23, 2026 Allotment Date April 14, 2026 Issue Type Cash basis to eligible shareholders

The rights issue resulted in a substantial expansion of the company's equity base, with the share capital increasing from INR 70,35,20,560 to INR 79,42,08,760.

Post-Transaction Capital Structure

Following the rights issue completion, TIL Limited's capital structure comprises:

Total equity shares: 7,94,20,876 shares of INR 10 face value each

Fully paid-up shares: 7,03,52,056 shares

Partly paid-up shares: 90,68,820 shares (paid-up to INR 7.50 per share)

Total diluted share capital: INR 82,44,38,160 comprising 8,24,43,816 equity shares

Regulatory Compliance and Disclosure

The disclosure was made by Ayan Banerjee, Director of TIL Global Private Limited (DIN 07563764), from Kolkata on April 16, 2026. The filing confirms that TIL Global maintains its promoter status in TIL Limited, which is listed on both BSE Limited and National Stock Exchange of India Limited.

The transaction represents a strategic capital raising exercise by TIL Limited through the rights route, allowing existing shareholders to participate proportionally in the company's expanded equity base while maintaining the promoter's controlling interest despite the percentage dilution.

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