Nature of the Disclosure

This document comprises the outcome of the Board Meeting of TIL Limited held on 13th August 2026, filed pursuant to Regulation 30 of the SEBI LODR. It includes the approval of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026, a statement on deviation/variation in fund usage, and an announcement regarding a change in the company's Registrar & Share Transfer Agent (RTA).

Key Quantitative Figures (Standalone for Q1 FY27)

  • Revenue from Operations: ₹7,861 lakhs (Unaudited)
  • Other Income: ₹31 lakhs (Unaudited)
  • Total Income: ₹7,892 lakhs (Unaudited)
  • Total Expenses: ₹8,812 lakhs (Unaudited)
  • Loss Before Exceptional Items and Tax: ₹(920) lakhs (Unaudited)
  • Exceptional Items: ₹(42) lakhs (Unaudited) [Payment under West Bengal SOD 2025 Act]
  • Loss Before Tax: ₹(962) lakhs (Unaudited)
  • Total Tax Expense: ₹(246) lakhs (Unaudited) [Income tax relating to earlier years: ₹(246) lakhs]
  • Net Loss for the period: ₹(716) lakhs (Unaudited)
  • Total Comprehensive Loss for the period: ₹(724) lakhs (Unaudited)
  • Paid-up Equity Share Capital (Post-Rights Issue): ₹7,941.88 lakhs
  • Basic & Diluted Earnings Per Share: Not explicitly stated for the quarter in the standalone table.
  • Deferred Tax Assets (Net): ₹10,919 lakhs as of the reporting date (including ₹249 lakhs recognized this period).

Key Quantitative Figures (Consolidated for Q1 FY27)

  • Revenue from Operations: ₹11,713 lakhs (Unaudited)
  • Other Income: ₹32 lakhs (Unaudited)
  • Total Income: ₹11,745 lakhs (Unaudited)
  • Total Expenses: ₹12,434 lakhs (Unaudited)
  • Loss Before Exceptional Items and Tax: ₹(685) lakhs (Unaudited)
  • Exceptional Items: ₹(42) lakhs (Unaudited)
  • Loss Before Tax: ₹(741) lakhs (Unaudited)
  • Total Tax Expense: ₹(186) lakhs (Unaudited) [Current Tax: ₹22 lakhs, Deferred Tax: ₹(208) lakhs]
  • Net Loss for the period: ₹(545) lakhs (Unaudited)
  • Net Loss attributable to Owners of Holding Co.: ₹(615) lakhs (Unaudited)
  • Total Comprehensive Loss for the period: ₹(554) lakhs (Unaudited)
  • Total Comprehensive Loss attributable to Owners: ₹(622) lakhs (Unaudited)
  • Basic & Diluted Earnings Per Share: ₹(0.69) (Unaudited)

Dates of Action

  • Board Meeting: 13th August 2026 (commenced 12:30 PM, concluded 4:30 PM)
  • Quarter End: 30th June 2026
  • TCPL Acquisition Effective Date: 8th May 2026
  • EGM for TCPL Acquisition: 14th March 2026
  • Rights Issue Allotment: 9th April 2026
  • Rights Issue First & Final Call: Between 17th July 2026 to 31st July 2026
  • SEBI Order Date: 30th May 2024

Parties or Entities Involved

  • Subsidiaries: TIL Overseas Pte Limited, Tulip Compression Private Limited (TCPL) [w.e.f. 08-May-2026]
  • Counterparty for Acquisition: Gainwell Commosales Private Limited (GCPL)
  • Statutory Auditors: V. Singhi & Associates (Current), Singhi & Co. (Prior period)
  • Previous RTA: CB Management Services (P) Ltd.
  • New RTA: MCS Share Transfer Agent
  • Regulator: Securities and Exchange Board of India (SEBI)
  • Appellate Body: Securities Appellate Tribunal (SAT), Mumbai

Purpose or Stated Rationale

  • The acquisition of a 60% stake in TCPL was for strategic expansion into the natural gas compression equipment sector.
  • The change in RTA to MCS Share Transfer Agent was decided by management for broader objectives and future corporate events, citing MCS's pan-India facilities and proficiency.

Financial or Operational Impact

  • The acquisition of TCPL adds a new operating segment: "Packaging, Erection, Commissioning and O & M of Gas Compressors." This segment contributed revenue of ₹3,852 lakhs and a profit before tax of ₹233 lakhs in Q1 FY27.
  • The Rights Issue increased the paid-up capital from ₹7,035 lakhs to ₹7,941.88 lakhs.
  • Payments totaling ₹(42) lakhs made in the quarter under the West Bengal SOD 2025 Act have been classified as an exceptional item.
  • A SEBI penalty of ₹100 lakhs is contingent; no provision has been made as the order is stayed.

Capital Structure Impact

  • The Rights Issue of 1,20,91,760 equity shares led to an increase in paid-up equity share capital from ₹7,035 lakhs to ₹7,941.88 lakhs.

Forward-Looking Guidance or Management Commentary

  • Management is confident, based on projected book profits & taxable profits, that sufficient taxable profits will be available in the future to adjust the recognized deferred tax assets of ₹10,919 lakhs.
  • The company is hopeful for a favorable resolution of the SEBI penalty matter.

#Tags: #TILLimited #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral