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Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
TIL Limited is letting existing shareholders buy new shares at ₹165 each, with partial upfront payment and rest later.
🤖 AI Summary
Letter of Offer filed for ₹19,951.40 Lakhs rights issue; 11 shares per 64 held
Offer price ₹165 per share (₹10 face value + ₹155 premium); partly paid structure
Issue opens March 30, 2026; closes April 8, 2026; record date March 23, 2026
Payment schedule: ₹123.75 on application, ₹41.25 in subsequent calls; total ₹165
NSE and BSE granted in-principle approvals March 16, 2026; MUFG Intime is registrar
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights issue size (full subscription)
₹19,951.40 Lakhs
Number of rights shares
1,20,91,760 partly paid-up equity shares
Issue price per share
₹165.00 (face value ₹10 + premium ₹155)
Subscription ratio
11 rights shares for every 64 fully paid shares
Application payment
₹123.75 per share (₹7.50 face + ₹116.25 premium)
Subsequent call payment
₹41.25 per share (₹2.50 face + ₹38.75 premium)
Record date
March 23, 2026
Issue opening date
March 30, 2026
Issue closing date
April 8, 2026
🏢 How This Affects the Company
📈
Business Impact
Rights issue provides capital to fund growth or debt reduction. ₹19,951.40 Lakhs gross proceeds (assuming full subscription) strengthens balance sheet and supports operational expansion.
💰
Financial Impact
Equity base expands by 1,20,91,760 shares. Gross capital inflow of ₹19,951.40 Lakhs improves cash position. Partly paid structure spreads cash collection across multiple call dates.
⚠️
Risk Impact
Partly paid shares create call risk — company must manage collection of ₹41.25 per share in future calls. Non-subscription by eligible shareholders introduces execution risk.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders must decide by April 8, 2026 to subscribe, renounce, or transfer rights entitlements; no action = loss of subscription rights.
👤
Who Is Affected
All shareholders holding fully paid equity shares as of record date March 23, 2026 are eligible. Shareholding ratio determines allotment: 11 rights shares per 64 fully paid shares held.
🔍
Management Signal
Board approval and SEBI/exchange filings confirm capital requirement for business objectives; timing and partly paid structure indicate gradual cash deployment strategy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
March 24, 2026 — verify rights entitlements credited to demat accounts on schedule
April 9, 2026 — basis of allotment finalised; check shareholding impact and call schedule
Post-allotment filing — watch for Reg 30/31A disclosure confirming subscription rate and capital received
MEDIUM RISKPartly paid structure creates call risk. Execution depends on shareholder participation rate and timely collection of ₹41.25 in subsequent calls.
💡 Investor Takeaway
TIL Limited has filed Letter of Offer for ₹19,951.40 Lakhs rights issue at ₹165 per share. Eligible shareholders receive 11 new shares per 64 held on March 23 record date. Issue runs March 30 to April 8, 2026. Partly paid structure requires ₹123.75 upfront and ₹41.25 in future calls. Full subscription needed for stated capital figure.
⚖️ Strengths & Concerns
✅ Positives
Rights issue preserves existing shareholder ownership percentage; no immediate dilution if all subscribe proportionally
Partly paid structure defers ₹41.25 per share payment, reducing upfront cash burden on shareholders and company
⚠️ Concerns
Partly paid shares create contingent liability for company to collect ₹41.25 per share in subsequent calls
Offer price ₹165 represents premium of ₹155 per share; shareholder acceptance risk if market perception weakens
📅 Company Track Record
TIL Limited incorporated May 10, 1974 as Spundish Engineers Private Limited; renamed October 4, 1985. Registered office relocated from Maharashtra to West Bengal (Kolkata) in 1987. Listed on BSE (Code 505196) and NSE. Company classified promoter as TIL Global Private Limited (formerly Indocrest Defence Solutions Private Limited).
Based on publicly available historical data. For context only.
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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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