The Board of Directors approved the Fundraising by way of the Rights Issue and approved the Draft Letter of Offer dated January 23, 2026.
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The board of TPI India Limited has approved raising funds through a Rights Issue of fully paid-up equity shares with a face value of ₹1 each. The total issue size will be up to ₹16 Crores, offered to existing eligible equity shareholders. The company also approved the Draft Letter of Offer dated January 23, 2026, which will be submitted to BSE for in-principle approval. Key details such as the issue price, rights entitlement ratio, record date, and timeline are yet to be finalized and will be decided at a follow-up board meeting scheduled on or before January 30, 2026.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their current holdings, but the final terms (price, ratio, discount) are still pending. The dilution and cost of acquiring rights entitlement will only be clear once the next board meeting concludes, so investors should wait for further announcements.