TIL Limited Allots 1.20 Crore Rights Equity Shares

TIL Limited (NSE: TIL | BSE: 505196) has successfully reached the final stage of its capital raising program. In a regulatory filing dated April 9, 2026, the company confirmed that its Rights Issue Committee has approved the allotment of over 1.20 crore partly paid-up equity shares following the completion of the subscription and basis of allotment process.

Allotment Details and Pricing

The committee, in consultation with the National Stock Exchange (NSE), approved the allotment of 1,20,91,760 equity shares on a rights basis.

Total Amount Paid on Application: ₹123.75 per share.

Premium Component: Of the application money, ₹116.25 represents the share premium.

Paid-up Value: At this stage, ₹7.50 of the ₹10 face value has been paid up per share.

Future Liabilities: The remaining balance for these shares will be payable through subsequent "Calls" as per the terms outlined in the Letter of Offer dated March 20, 2026.

Impact on Share Capital

Following this allotment, the capital structure of TIL Limited has expanded to include both fully and partly paid-up instruments:

Fully Paid-up Capital: 7,03,52,056 equity shares (₹10 each), totaling approximately ₹70.35 crore.

Partly Paid-up Capital: 1,20,91,760 equity shares (₹7.50 paid-up), totaling approximately ₹9.07 crore.

Shares of TIL Limited was last trading in BSE at Rs. 202.20 as compared to the previous close of Rs. 192.20. The total number of shares traded during the day was 6940 in over 238 trades.

The stock hit an intraday high of Rs. 203.95 and intraday low of 185.05. The net turnover during the day was Rs. 1336596.00.

Source : Equity Bulls

Keywords

TIL INE806C01018 FundRaising RightsIssue SharesAllotment PartlyPaid