on February 23 after the company announced a series of board decisions related to fundraising and a strategic acquisition. The board approved raising up to ₹200 crore through a rights issue aimed at eligible shareholders as of the record date.
It also cleared the signing of a share purchase agreement with Gainwell Commosales Pvt. Ltd. (GCPL) relating to the previously announced acquisition of Tulip Compression Pvt. Ltd. The developments drew investor attention as the company outlined its capital plans and upcoming shareholder approvals.
TIL said its board has approved raising funds of up to ₹200 crore through the issuance of equity shares on a rights basis. The rights issue will be offered to eligible shareholders as per the record date, which will be announced in due course.
Key terms such as entitlement ratio, payment conditions and timelines will be disclosed once finalised. The company informed exchanges that a Rights Issue Committee has been constituted to manage and approve all subsequent steps related to the issuance.
The newly formed Rights Issue Committee has been delegated authority to handle operational and procedural aspects of the rights issue. The committee will oversee decisions including finalisation of offer documents, pricing, and regulatory filings.
TIL noted that this structure aims to streamline execution and ensure timely disclosures to the stock exchanges. The company stated that additional details will be communicated once the committee completes its evaluations.
In a parallel development, the board approved the signing of a share purchase agreement with Gainwell Commosales Pvt. Ltd. (GCPL). This follows TIL’s earlier disclosure on February 13, 2026, regarding the proposed acquisition of 60% of Tulip Compression Pvt. Ltd.’s equity share capital from GCPL.
The agreement outlines the terms underpinning the transaction and related arrangements. TIL said the move aligns with ongoing efforts to expand capabilities within its equipment and industrial solutions portfolio.
On February 23, 2026, TIL share price opened at ₹250.23, compared to the previous close of ₹250.23. During the session, as of 2:54 PM IST, the stock had touched a high of ₹250.23 and a low of ₹240.10, and was trading at ₹243.59, down by 2.65%.
The stock recorded a traded volume of 0.44 lakh shares and a traded value of ₹1.07 crore on the NSE. The market capitalisation stood at ₹1,621.36 crore.
Read More: Pluto Mobility Secures $2 Million Seed Funding.
TIL’s shares weakened on February 23 after the company approved a ₹200 crore rights issue and cleared the signing of a share purchase agreement with GCPL. The fundraising plan and the proposed acquisition of a 60% stake in Tulip Compression Pvt. Ltd. mark significant steps in the firm’s capital and strategic agenda.
A dedicated committee will oversee the rights issue, while shareholder approval for the acquisition is set for March 14, 2026. Market reaction reflected investor focus on the company’s financing requirements and upcoming corporate actions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 23, 2026, 2:56 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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