Tube Investments of India Ltd

Tube Investments of India Ltd (TII) has made an incremental investment of approximately ₹250 crore in its subsidiary, TI Clean Mobility Private Limited (TICMPL). The investment was made through the subscription of Compulsorily Convertible Preference Shares (CCPS). TII also entered into an Amended and Restated Shareholders' Agreement with other investors of TICMPL. This funding is intended to help TICMPL, which operates in the electric mobility business, scale up its operations and those of its subsidiaries. The Series C CCPS were issued at a face value of ₹100 per share.

Tube Investments of India Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with the company's Code of Conduct for Prohibition of Insider Trading and is in connection with the upcoming declaration of un-audited financial results for the quarter and half-year ending September 30, 2026. The trading window will reopen 48 hours after the financial results are officially declared to the stock exchanges. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Tube Investments of India Ltd has acquired an additional 2.69% equity stake in its subsidiary, Shanthi Gears Limited (SGL), for approximately ₹77.49 Cr. The acquisition, executed via a block deal on August 21, 2026, increases Tube Investments' shareholding in SGL from 70.46% to 73.16%. Shanthi Gears, a listed entity, is engaged in the design and manufacture of gears and gearboxes. This move is part of Tube Investments' long-term investment plans. The transaction was an all-cash consideration and is not considered a related party transaction.

Tube Investments of India Ltd has received an ESG rating of 'Crisil ESG 65' and a Core ESG rating of 'Crisil Core ESG 70' from CRISIL ESG Ratings & Analytics Limited. The rating is based on publicly disclosed information for Fiscal 2026 and was assigned voluntarily by the SEBI registered Category-1 ESG Rating Provider. The ratings were submitted to BSE and NSE on August 14, 2026.

Tube Investments of India Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has submitted these results, along with the limited review reports from its statutory auditors, M/s. S R Batliboi & Associates LLP, to the stock exchanges. The financial results are also available on the company's website and will be published in English and Tamil newspapers. The board meeting commenced at 12:40 PM and concluded at 2:00 PM.

Tube Investments of India reported consolidated revenue of ₹6,215 Cr for Q1 FY27 (quarter ended June 30, 2026), up 17.1% YoY from ₹5,309 Cr, but PAT fell 3.1% YoY to ₹294 Cr from ₹303 Cr. Revenue was essentially flat QoQ against ₹6,215 Cr in Q4 FY26, while PAT rose 25.6% QoQ from ₹234 Cr — a low-base sequential recovery rather than a fresh trend, so the YoY comparison is the one that matters. Standalone (secondary basis): revenue ₹2,366 Cr +17.9% YoY, PAT ₹159 Cr -5.6% YoY, EPS ₹8.19 versus ₹8.69. Neither period carried exceptional items on either basis, so no adjustment is needed — the decline is on a like-for-like basis. The miss is below the line, not on operations: consolidated PBT actually rose 2.6% YoY to ₹461 Cr from ₹449 Cr. The effective tax rate climbed to 36.2% from 32.5% YoY, pulling net profit margin down to 4.6% from 5.6% and operating margin to roughly 8.8% from roughly 10.3%. Within segments, Power Systems (CG Power's core power-equipment business) profit jumped 44.5% YoY to ₹322 Cr, and CG Power's overall PBT — spanning its Power Systems, Industrial Systems and Semiconductor units — grew about 16% YoY to ₹423 Cr per the company's press release. That strength was offset by widening losses at Electric Vehicles (₹147 Cr loss versus ₹136 Cr YoY) and Semiconductors (₹50 Cr loss versus ₹9 Cr YoY), plus a weaker Gears and Gear Products segment (₹14 Cr versus ₹31 Cr YoY) — Shanthi Gears' own revenue (₹115 Cr vs ₹135 Cr) and PBT (₹14 Cr vs ₹31 Cr) both fell YoY per the release. Management's Q4 FY26 guidance flagged "strong volume growth despite short-term margin pressures" for the engineering business — both played out almost exactly as described, so this quarter reads as "met" against that framing rather than a beat or miss. Medical devices revenue grew 23.3% YoY to ₹58.6 Cr, ahead of the 15-20% YoY growth range management guided for FY27. The EV business, which management said would scale after resolving supply issues, instead posted a wider loss — that initiative is running behind plan. No reliable street/consensus estimate specific to this quarter could be sourced, so vsStreet is marked unknown. During the quarter TII completed its planned acquisition of 76.24% of Orange Koi Private Limited for ₹35 Cr (a medical/defence precision-parts manufacturer, consolidated from April 6, 2026, accounted on provisional fair values) and put a further ₹25 Cr into 3xper Innoventure's preference shares; separately, one of the group's subsidiaries saw its auditors resign during the quarter per company disclosures, unrelated to this result's numbers. Going into Q2 FY27, the markers to watch are whether the EV and semiconductor losses narrow, whether the tax rate normalizes back toward last year's ~32-33% (which alone would restore several points of margin), and whether Power Systems' growth continues to offset weakness elsewhere in the portfolio.

Tube Investments of India Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is the consideration and approval of the Unaudited Financial Results for the first quarter ended June 30, 2026. Following the board's decision, the company will promptly disseminate the approved financial results. Additionally, the trading window for company shares will be closed until 48 hours after the disclosure of these results, extending to August 16, 2026, to prevent insider trading.

Tube Investments of India Ltd announced that M/s. Sundaram & Srinivasan, Chartered Accountants, have resigned as the Statutory Auditors of its material subsidiary, Tl Clean Mobility Private Limited (TICMPL). The resignation is effective from the conclusion of TICMPL's 5th AGM held on July 30, 2026. The move aims to align TICMPL with the holding company, TII, by having a common auditor to ensure uniformity in audit processes and practices. The auditors confirmed there are no other material reasons for their resignation, citing a group-wide initiative for auditor alignment.

Tube Investments of India Ltd has issued a notice for its 18th Annual General Meeting (AGM) scheduled for Friday, August 14, 2026, at 3:30 PM IST. The meeting will be conducted as an Electronic AGM (e-AGM) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with Ministry of Corporate Affairs circulars and the Companies Act, 2013. The company has also shared electronic copies of the AGM notice and the Annual Report for FY 2025-26. Shareholders can participate in remote e-voting from August 10 to August 13, 2026. The cut-off date for determining voting eligibility is August 7, 2026. The agenda includes adoption of the Board's Report, Audited Standalone and Consolidated Financial Statements for FY 2025-26, and declaration of a final dividend of ₹1.50 per share.

Tube Investments of India Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, in compliance with SEBI regulations. The report details the company's operations, including its primary business segments: Steel Strips & Tubes (61% of turnover), Metal Formed Products (19%), Cycles and Accessories (9%), and Others (11%). The company operates across 63 locations nationally and 5 internationally, serving both B2B and B2C customers. As of FY25-26, TII reported 1,767 employees and 13,508 workers, with a focus on sustainability and responsible business practices. The report is available on the company's website.