TIL Ltd Approves Forfeiture of 65,323 Partly Paid Rights Shares

TIL Limited's Rights Issue Committee, in a meeting held on October 8, 2026, approved the forfeiture of 65,323 partly paid-up Rights Equity Shares. These shares were subject to a first and final call money of ₹41.25 per share, which remained unpaid despite multiple notices. The forfeiture includes the application money of ₹123.75 per share already paid. The company will issue a notice of forfeiture to the concerned shareholders. Furthermore, the committee decided not to reissue the forfeited shares. This action is in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer for the Rights Issue dated March 20, 2026.