TIL Board to consider forfeiture of Rights Issue shares

TIL Ltd. has announced that a meeting of its Rights Issue Committee of the Board of Directors is scheduled for October 3, 2026. The primary agenda is to consider and approve the forfeiture of partly paid-up equity shares. These shares were issued as part of a Rights Issue (Letter of Offer dated March 20, 2026) of up to 1,20,91,760 shares at an issue price of ₹165 each. The forfeiture pertains to shares where the first and final call money of ₹41.25 per Rights Equity Share remains unpaid, despite multiple reminder notices. This action will be taken in accordance with the Companies Act, 2013, the Company's Articles of Association, and the original Letter of Offer.