TIL Limited has informed the Exchange that Record date for the purpose of Rights is 23-Mar-2026.
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TIL Limited has announced key details of its upcoming rights issue, setting 23rd March 2026 as the record date to identify eligible shareholders. The company plans to issue 1,20,91,760 partly paid-up equity shares at ₹165 per share, aggregating up to approximately ₹199.51 crore. Shareholders will receive 11 rights shares for every 64 shares held, and need to pay 75% of the issue price (₹123.75) on application, with the balance callable later. The Right Issue Committee approved these terms on 16th March 2026, and NSE/BSE have granted in-principle approvals.
Existing shareholders of TIL must hold shares by the 23rd March 2026 record date to be eligible for the rights entitlement. The issue will dilute existing holdings but gives shareholders an opportunity to maintain their proportional ownership at ₹165 per share, with only 75% payment required upfront.