Tube Investments of India Limited has informed the Exchange regarding Appointment of Ms Shelina Pranav Parikh as Independent Director of the company w.e.f. May 15, 2025.
TIINDIA · price
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The board approved audited standalone FY25 results with total revenue from operations of Rs. 7,892.53 Cr (up ~3.7% YoY from Rs. 7,610.51 Cr) and profit after tax of Rs. 1,296.66 Cr, up ~77% YoY from Rs. 734.51 Cr, helped by a Rs. 569 Cr fair value gain on preference shares in subsidiary TI Clean Mobility. Basic EPS for the year rose to Rs. 67.03 from Rs. 38.00, while Q4 FY25 PAT jumped to Rs. 813.55 Cr from Rs. 247.88 Cr a year ago. A final dividend of Rs. 1.50 per share was recommended, taking total FY25 dividend to Rs. 3.50 per share (including the Rs. 2 interim dividend paid in February). The board also cleared long-term borrowing of up to Rs. 300 Cr (term loans or secured NCDs) for FY26 funding needs, appointed Ms. Shelina Pranav Parikh (Harvard MBA, Joint MD of TechNova Group) as Independent Director for 3 years, and named Sridharan & Sridharan Associates as Secretarial Auditor for 5 years (FY26–FY30). The 17th AGM is set for August 1, 2025.
Sharply higher FY25 earnings and a healthy Rs. 3.50/share total dividend are positive for shareholders, though a large chunk of the profit boost is a non-cash fair value gain. The Rs. 300 Cr borrowing approval and new board/auditor appointments are routine governance actions with no immediate price-moving impact.