TIL Limited Approves Allotment of Partly Paid-Up Equity Shares via Rights Issue
TIL Limited announced the allotment of partly paid-up Equity Shares to its eligible shareholders and renouncees following a meeting of the Rights Issue Committee held on April 09, 2026. The allotment was structured in terms of the Letter of Offer dated March 20, 2026.The Committee approved the allotment of 1,20,91,760 partly paid-up Equity Shares on a Rights Basis. Under the terms of the allotment, ₹123.75 per Rights Equity Share was paid upon application, which included a premium of ₹ 116.25 per Rights Equity Share. The remaining balance amount is payable on Calls as specified in the Letter of Offer.
The paid-up equity share capital of TIL Limited following this allotment is detailed below:
| Particulars | No. of Equity Shares | Amount (in ₹) |
|---|---|---|
| Equity Shares of ₹ 10/- each (fully paid-up) | 7,03,52,056 | 70,35,20,560 |
| Equity Shares of ₹ 10/- each (₹ 7.50 paidup) | 1,20,91,760 | 9,06,88,200 |
The proposed issuance involved Equity Shares through a Rights Issue, specifically concerning the allotment of 1,20,91,760 Partly paid-up Equity Shares on Application of Face Value of ₹ 10/- each on Right Basis to the eligible shareholders and/ or renouncees in terms of the Letter of Offer dated March 20, 2026.
The company's registered office is located at 1, Taratolla Road, Garden Reach Kolketa-700 024.
TIL Stock Price Movement
Today, TIL Limited shares edged higher, settling at ₹202.81 after climbing 5.74% in session. Total volume for the day reached 268,747 shares, indicating solid investor interest.Source:
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