Rights Issue Committee to meet on 3 October 2026 to consider forfeiture of partly paid-up rights shares

A Rights Issue Committee meeting of the Board is scheduled for Saturday, 3 October 2026.

Tue 29 Sep 2026

Rights Issue Committee Meeting Date

Saturday, 3 October 2026

Call Money Amount

₹41.25 per Rights Equity Share

Rights Issue Scale

up to 1,20,91,760 partly paid-up shares

Share Face Value and Issue Price

Face value ₹10 each; Issue price ₹165.00 per share

Letter of Offer Date

20 March 2026

What has been announced

TIL Limited has informed the exchanges under Regulation 29 that a meeting of the Rights Issue Committee of the Board of Directors is scheduled for Saturday, 3 October 2026, inter alia, to consider and approve the forfeiture of certain partly paid-up equity shares.

The rights issue background

• Letter of Offer dated 20 March 2026 for a rights issue of up to 1,20,91,760 partly paid-up equity shares.
• Face value ₹10 each, issue price ₹165.00 per Rights Equity Share.
• First and final call money of ₹41.25 per Rights Equity Share.

Sequence of notices

• First and final call money notice dated 5 June 2026.
• First reminder notice dated 15 July 2026.
• Second reminder-cum-forfeiture notice dated 18 August 2026.

What forfeiture means

In a partly paid rights issue, investors pay part of the price upfront and the balance when the company makes a call. Where the call money remains unpaid despite notices, the company may forfeit those shares in accordance with the Companies Act, 2013, the Articles of Association and the Letter of Offer. Holders who have paid the call are not affected by this action; the forfeiture applies only to shares on which the ₹41.25 per share call remains unpaid.

What to watch

The outcome of the 3 October 2026 committee meeting, including the extent of shares forfeited and any resulting change in the company's paid-up capital.

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