Nature of Query:
NSE Ref No: NSE/CM/Surveillance/17146 dated 22nd June, 2026 regarding significant movement in price of TIL Limited shares on the exchanges.
Company Response / Clarification:
The company clarified that two material events previously disclosed to stock exchanges under Regulation 30 of SEBI LODR may have contributed to the price movement:
- The Company issued Rights Equity Shares to existing equity shareholders during April 2026, with final call money currently being received
- The Company acquired 60% paid-up equity share capital of Tulip Compression Private Limited (TCPL) from Gainwell Commosales Private Limited, making TCPL a material subsidiary of TIL Limited
The company stated there are no other material events undertaken at this time. All necessary disclosures in accordance with Regulation 30 of SEBI LODR have been regularly made to stock exchanges.
The company attributed any changes in trading volume or significant share price movement to market-driven factors and company performance, stating that no company events or operations have had unusual effects on share price movement.
Regulatory Reference / Compliance:
The company explicitly references compliance with Regulation 30 of SEBI LODR (Listing Obligations and Disclosure Requirements). The company affirms it has been strictly following all listing norms for disclosures and insider trading with stock exchanges regularly.
Analyst Perspective / Material Implications:
No material implications or market impact assessments were explicitly disclosed by the company in this communication. The company maintained that price movements are market-driven and based on company performance.