Scrip Code / Symbol: BSE: 505196 | NSE: TIL

Nature and Purpose of the Meeting

The meeting of the Rights Issue Committee was convened to address the non-payment of the first and final call money for partly paid-up Rights Equity Shares issued pursuant to a Rights Issue with a Letter of Offer dated March 20, 2026.

Details of Resolutions Passed

The Committee considered and approved the forfeiture of 65,323 partly paid-up Rights Equity Shares.

  • Quantity of Shares Forfeited: 65,323 shares
  • Reason for Forfeiture: Failure of the shareholders to pay the first and final call money of ₹41.25 per share, despite receiving a call money notice (June 5, 2026), a first reminder (July 15, 2026), and a second reminder-cum-forfeiture notice (August 18, 2026).
  • Call Money Details: The unpaid amount was ₹41.25 per share, comprising ₹2.50 towards face value and ₹38.75 towards premium.
  • Application Money Forfeited: The application money of ₹123.75 per share, which was already paid on these shares, was also forfeited.
  • Decision on Re-issue: The Committee further decided not to re-issue the forfeited shares to anybody.

Financial Impact

The document specifies the amounts forfeited per share but does not provide a consolidated total figure for the entire financial impact of the forfeiture on the company.

  • Total unpaid call money forfeited: 65,323 shares * ₹41.25/share
  • Total application money forfeited: 65,323 shares * ₹123.75/share

Timing of the Meeting

The meeting commenced at 2:00 PM and concluded at 4:00 PM on October 8, 2026.

Compliance References

The announcement is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).

The action of forfeiture was undertaken in accordance with:

  • The provisions of the Companies Act, 2013.
  • The Articles of Association of the Company.
  • The terms of the Letter of Offer dated March 20, 2026.

The requisite details are provided as per Regulation 30 read with Schedule III of the SEBI LODR Regulations and the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Other Material Disclosures

Annexure A provides a tabular disclosure as required by regulation:

| Particulars | Description |

| 1. Forfeiture of shares | Forfeiture of 65,323 partly paid-up Rights Equity Shares of face value of ₹10 each on which the first and final call money of ₹41.25 per share has not been received. |

| 2. Reissue of forfeited shares | Not Applicable |

| 3. Proposal to issue any class of securities | Not Applicable |

| 4. Alterations of capital, including calls | Not Applicable |

| 5. Change in terms regarding redemption/cancellation/retirement of securities | Not Applicable |

The notice of forfeiture will be issued in due course to the holders of the forfeited shares.