TIL Ltd Announces First & Final Call Money Approval

TIL Limited will raise Rs 41.25 per share on 1,20,91,760 partly paid-up equity shares.

Reader Takeaway: Final payment for rights issue is due; trading suspension looms for affected shares.

What just happened

The Board of Directors of TIL Limited has approved the first and final call money of Rs 41.25 per share on 1,20,91,760 partly paid-up equity shares. This amount represents the remaining 25% of the total issue price of Rs 165 per equity share from its rights issue. The company has set June 3, 2026, as the record date to identify shareholders eligible for this final call.

Why this matters

This action signifies the completion of the payment cycle for the rights issue, which was allotted in April 2026. For shareholders holding these partly paid-up shares, this is the final payment required to make their shares fully paid. It's a crucial step for investors to fulfill their subscription obligations.

The backstory

TIL Limited had previously undertaken a rights issue, allotting partly paid-up equity shares. The current announcement relates to the final call on these shares, completing the financial commitment from investors who subscribed to the rights issue.

What changes now

Shareholders holding the partly paid-up shares must be prepared to pay the Rs 41.25 per share by the due date specified in the upcoming Call Notice. Trading in these specific partly paid-up shares (ISIN: IN9806C01016) will be suspended from June 3, 2026, as per the filing.

Risks to watch

The primary risk for investors is non-payment of the call money by the due date, which could lead to forfeiture of their investment in these partly paid-up shares. Additionally, the trading suspension from the record date means liquidity for these shares will cease until further notice.

Peer comparison

This corporate action is specific to TIL Limited's rights issue structure and does not have direct comparative metrics readily available from peers without detailed rights issue tracking.

Context metrics (time-bound)

• Call Amount: Rs 41.25 per share
• Number of Shares: 1,20,91,760
• Total Call Money Raised: Approximately Rs 49.92 crore (1,20,91,760 shares * Rs 41.25/share)
• Record Date: June 3, 2026
• Trading Suspension Effective: June 3, 2026

What to track next

Investors should closely monitor the upcoming Call Notice from TIL Limited for precise payment instructions, deadlines, and any further procedural details. The company's subsequent actions post-settlement of the call money will be important to watch.