TIL Limited Approves Rights Issue of ₹199.5 Crore: 1.2 Crore Shares at ₹165 Each
TIL Limited's Rights Issue Committee approved a rights issue of 1,20,91,760 partly paid-up equity shares, aggregating up to ₹199.51 crore. The issue price is ₹165 per share. The record date is March 23, 2026, with a ratio of 11 rights shares for every 64 held. Approvals from NSE and BSE have been received.
A rights issue of this size can impact the company's capital structure and shareholder equity. The funds raised are intended for business growth, which could have a moderate impact on future performance.
The company has announced a rights issue with clear terms and has received in-principle approvals from stock exchanges, indicating progress in fundraising efforts.
TIL Limited's Right Issue Committee, in its meeting held on March 16, 2026, approved key details for a proposed rights issue of equity shares. The committee considered and approved the instrument as partly paid-up Equity Shares with a face value of ₹10 each, requiring 75% of the issue price on application.
The issue will comprise 1,20,91,760 partly paid-up Equity Shares, aggregating up to ₹199,51,40,400 (approximately ₹199.51 crore). The Rights Issue Price is fixed at ₹165 per fully paid-up Equity Share. The record date for determining eligible equity shareholders entitled to the rights entitlement is set for Monday, March 23, 2026.
The Rights Entitlement Ratio is established at 11 Rights Equity Shares for every 64 Equity Shares held by an eligible shareholder as of the record date. The Committee also noted the in-principle approvals received from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the issue. The Committee is scheduled to reconvene to finalize the Letter of Offer and other details.
What to do with a filing like this
TIL Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by TIL Limited. Read the original for the full detail.