TIL Ltd Board Meeting to Consider Share Forfeiture on Oct 8

TIL Ltd has announced a Board of Directors meeting scheduled for October 8, 2026. The primary agenda item is to consider and approve the forfeiture of partly paid-up equity shares. This action is a consequence of the first and final call money, amounting to ₹41.25 per share, remaining unpaid by certain shareholders. The forfeiture is in accordance with the company's Articles of Association, the Companies Act, 2013, and the terms of the Letter of Offer for its rights issue. The rights issue, which closed earlier, involved up to 1,20,91,760 partly paid-up equity shares at an issue price of ₹7165.00 per share.