Board Meeting scheduled on 30/01/2026 was postponed due to non-receipt of the in-principle approval for the proposed Rights Issue 30/01/2026
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TPI India Limited has postponed its Board of Directors meeting originally scheduled for January 30, 2026. The meeting was to decide key terms of a proposed Rights Issue of fully paid-up equity shares (face value ₹1 each) for an amount not exceeding ₹1,600 Lakhs. The company is still awaiting in-principle approval from BSE, which it had applied for on January 27, 2026. The Stock Exchange is reviewing the Draft Letter of Offer (DLOF) and has raised queries, delaying the approval. A new meeting date will be announced once the in-principle approval is received.
This is a procedural delay rather than a negative event — the Rights Issue plan remains intact, but shareholders will have to wait for the record date, entitlement ratio, and issue price to be finalised. Near-term stock price movement may be limited until clarity on the Rights Issue terms emerges.