SYNOPSIS: One of India’s leading material handling and infrastructure equipment manufacturers scheduled a Board meeting on 23rd February to consider raising funds via rights issue, QIP, preferential allotment, or other permissible modes, subject to regulatory approvals.
During Thursday’s trading session, shares of one of India’s leading material handling and infrastructure equipment manufacturers hit a 20 percent upper circuit on the stock exchanges, after announcing a board meeting to consider a fund raise.
With a market cap of Rs. 1,765.6 crores, shares of TIL Limited were trading in the green at Rs. 265 on BSE, up by around 16 percent, compared to its previous closing price of Rs. 229.35. The stock has delivered positive returns of around 45 percent in the last one year, and has gained by over 11 percent in one month.
News
As per the latest disclosures with the stock exchanges, TIL Limited has announced that a meeting of its Board of Directors is scheduled for Monday, 23rd February 2026, into consider and evaluate proposals for raising funds through various permissible routes, including a rights issue, preferential allotment, qualified institutional placement (QIP), or other approved mechanisms, either individually or in combination. The proposed fundraising may involve the issuance of equity shares, equity-linked instruments, warrants, or other eligible securities, subject to necessary regulatory and statutory approvals.
Previously, on 16th February, the company announced its strategic entry into the clean energy manufacturing space following its Board approval to acquire a 60 percent stake in Tulip Compression Private Limited (TCPL), a fast-growing clean energy solutions provider.
The transaction involves acquiring TCPL from its affiliate, Gainwell Commosales Private Limited (GCPL), with an option to increase the stake to 74 percent. The investment is expected to strengthen TIL’s portfolio by enabling access to LNG and hydrogen powerpacks for material handling equipment, along with capabilities in manufacturing cryogenic LNG storage tanks, oil and gas process vessels, and related skids.
Simultaneously, TCPL’s CNG, LNG, and hydrogen equipment packaging and assembly business is expected to benefit from backward integration into TIL’s manufacturing infrastructure, creating operational synergies and supporting scalable growth for both entities.
Financials
TIL reported a decline in consolidated revenue from operations of more than 7 percent, from Rs. 79.14 crores in Q3 FY25 to Rs. 73.23 crores in Q3 FY26. Likewise, its net loss widened during the same period from Rs. 3.7 crores to Rs. 6.85 crores, representing a rise in losses by nearly 85 percent YoY.
TIL Limited is engaged in the business of manufacturing and marketing a comprehensive range of material handling, lifting, port and road construction solutions with integrated customer support and after-sales service. Overall, the company’s products and services are termed as Materials Handling Solutions (MHS). It has two manufacturing facilities, Kamarhatty and Kharagpur, in West Bengal.
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