Board MeetingNov 2, 2026, 06:07 AM
TIM S.A. Board Approves Subsidiary Incorporation, Schedules Shareholder Meeting
AI Summary
TIM S.A. announced that its Board of Directors has approved the incorporation of its wholly-owned subsidiary, I-Systems Soluções de Infraestrutura S.A., into TIM S.A. This strategic move is set to be presented for approval at the Extraordinary Shareholders' Meeting scheduled for November 30th, 2026. Additionally, the Board approved amendments to the company's Bylaws to reflect adjustments in the number of outstanding common shares, a consequence of prior treasury share cancellations. The incorporation process involves a protocol and justification, an appraisal report from Apsis Consultoria e Avaliações Ltda., and is contingent on shareholder approval.
Key Highlights
- TIM S.A. Board of Directors approved the incorporation of its wholly-owned subsidiary, I-Systems Soluções de Infraestrutura S.A., into TIM S.A.
- The Extraordinary Shareholders' Meeting to approve the incorporation and bylaw amendments is scheduled for November 30th, 2026.
- The Board also approved amendments to the Company's Bylaws to adjust the number of outstanding common shares.
- The incorporation is subject to approval from the Extraordinary Shareholders' Meeting of both TIM S.A. and I-Systems Soluções de Infraestrutura S.A.
Price Impact
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