TIL Board Approved ₹200 Crore Rights Issue: What You Need to Know?

The board of TIL Limited has approved a rights issue to raise ₹200 crore, following its board meeting on Monday, March 16. As per a filing with the stock exchange, the company will issue partly paid-up equity shares with a face value of ₹10 each. 

TIL Rights Issue Details

The key details of the rights issue are as follows:

• Instrument: Partly paid-up Equity Shares with a face value of ₹10 each.
• Payment on Application: 75% of the issue price per equity share will be payable at the time of application.
• Total Number of Shares & Issue Size: 1,20,91,760 partly paid-up equity shares, aggregating to ₹199,51,40,400.
• Rights Issue Price: ₹165 per fully paid-up equity share, based on the shares held by shareholders on the record date.
• Record Date: Monday, March 23, 2026, has been fixed as the record date to determine existing shareholders eligible for the rights entitlement.
• Rights Entitlement Ratio: Eligible shareholders will receive 11 rights equity shares for every 64 equity shares held on the record date.

TIL Q3FY26 Earnings Highlights

TIL Limited’s Q3 FY2026 financial results indicated strong operational momentum and steady progress on strategic initiatives. The quarter was highlighted by the launch of three innovative indigenous products, alongside securing major orders exceeding ₹200 crore in the defence and logistics segments. These achievements contributed to notable revenue growth, reinforcing the company’s trajectory toward sustained performance improvement.

Although Q3 FY2026 shows a moderation compared to Q3 FY2025, it underscores TIL’s operational resilience and sequential growth. The company recorded a 15% quarter-on-quarter increase in EBITDA, rising to ₹376 lakh from ₹327 lakh in Q2 FY2026. This growth was accompanied by an improvement in EBITDA margin to 5% from 4% in the previous quarter, signaling a clear path toward margin recovery.

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