TIL Limited has informed the Exchange regarding Outcome of Rights Issue Committee Meeting held on March 16, 2026.
TIL · price
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TIL Limited's Rights Issue Committee approved the terms for a rights issue of 1,20,91,760 partly paid-up equity shares at ₹165 per share, aggregating up to about ₹199.51 crores. Existing shareholders will be offered 11 rights shares for every 64 shares held, with March 23, 2026 fixed as the record date. Investors will need to pay 75% of the issue price upfront, with the balance on calls later. The company has received in-principle approvals from both NSE and BSE. The committee will reconvene to finalize the remaining details and the letter of offer.
Eligible shareholders get priority to maintain their ownership stake, but those who skip the issue will see their holding diluted. The partly paid-up structure lowers the immediate cash commitment to roughly 75% of the entitlement value.