TIL Fund Raise
TIL Limited approved allotment of fully paid‑up shares on a rights issue, confirming receipt of call money. Reminders will be sent to shareholders who have not paid.
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TIL Limited approved allotment of fully paid‑up shares on a rights issue, confirming receipt of call money. Reminders will be sent to shareholders who have not paid.
TIL Limited submitted a revised statement confirming no deviations in utilizing Rs. 60 Crore raised through the conversion of 37,50,000 warrants. Funds were deployed towards capital expenditure for growth (₹36 Cr), working capital (₹12 Cr), and general corporate purposes (₹12 Cr) as of March 31, 2026.
TIL Limited reported zero deviation in the utilization of ₹60 Crore raised through the conversion of 37,50,000 equity warrants. Funds were deployed for capital expenditure (₹36 Crore), working capital (₹12 Crore), and general corporate purposes (₹12 Crore) as of March 31, 2026.
TIL Global Private Limited, a promoter group entity, acquired 12,09,176 shares in TIL Limited through a rights issue. This acquisition, concluded on April 14, 2026, increased the total share capital of the target company. The promoter group's voting rights adjusted to 63.25% following the allotment of fully and partly paid-up shares.
TIL Limited has allotted 1,20,91,760 partly paid-up equity shares on a rights basis at an issue price of ₹123.75 per share (₹7.50 face value paid-up). The allotment follows the rights issue approved earlier in 2026. This capital raise strengthens the company's equity base, with the balance amount payable on future calls.