Tipco Engineering India Ltd

Tipco Engineering India Limited, formerly Tipco Engineering India Private Limited, convened an Extraordinary General Meeting (EGM) on Thursday, September 17, 2026, where shareholders approved an increase in the company’s authorized share capital from Rs 25,00,00,000 to Rs 30,00,00,000, the issuance of up to 21,02,400 equity shares at Rs 180 per share, and the issuance of up to 44,16,000 fully convertible warrants at Rs 180 per warrant, aggregating up to Rs 79,48,80,000. The meeting, held via video conferencing and other audio-visual means, also approved the appointment of M/s Mittal Vaish & Co., Chartered Accountants as statutory auditors and the regularization of Sanjay Kumar as a Non-Executive Independent Director.

Tipco Engineering India Limited has acquired an industrial land parcel admeasuring approximately 13,212 square metres (3.26 acres) at Chordia Industrial Park, Village Naigaon, Taluka Khandala, District Satara – 412801, Maharashtra, for a total consideration of Rs 7.15 crore, inclusive of all expenses.

Tipco Engineering India Limited, formerly Tipco Engineering India Private Limited, announced that its board approved the re-appointment of Mrs. Sonia Sharma as Whole Time Director and the appointment of M/s Mittal Vaish & Co. as Statutory Auditors for five consecutive years covering fiscal years 2026-27 to 2030-31. The board also approved revisions to the remuneration ceiling for Chairman & Managing Director Mr. Ritesh Sharma, increasing it from Rs 800,000 to Rs 1,600,000 per month, and for Whole Time Director Mrs. Sonia Sharma, raising it from Rs 400,000 to Rs 800,000 per month, both effective April 1, 2026, subject to shareholder approval.

Tipco Engineering India Limited, formerly Tipco Engineering India Private Limited, will hold a board meeting on Tuesday, August 25, 2026, to consider and approve a proposal for the issuance of one or more instruments including equity shares/convertible securities via a preferential issue, rights issue, or other mode, and to determine the price thereof, according to a regulatory filing with the BSE Limited.

Tipco Engineering India Limited informed the BSE that M/s Vinay I Aggarwal & Associates have resigned as statutory auditors, effective August 18, 2026, citing preoccupation with other work and a health condition of a signing partner. The company stated there were no concerns raised by the resigning auditor regarding the company’s management and the audit committee will consider appointing a new auditor.

TIPCO Engineering India Limited announced that its board approved the acquisition of a 50% stake in Ranks Precision Private Limited for Rs 1,31,62,900 and a 50% partnership interest in Hanutech Engineering Solutions for Rs 1,66,59,971. The acquisitions, which will be treated as related party transactions, will expand TIPCO’s manufacturing capabilities in automotive components and industrial fluid engineering solutions, respectively, and will be completed in due course. Ranks Precision Private Limited reported a turnover of Rs 11,11,10,002 for the financial year ended March 31, 2026, while Hanutech Engineering Solutions reported a turnover of Rs 19,53,83,559 for the same period.

TIPCO Engineering India Limited announced that its board approved the acquisition of a 50% stake in Ranks Precision Private Limited for Rs 1,31,62,900 and a 50% partnership interest in Hanutech Engineering Solutions for Rs 1,66,59,971. The acquisitions, which will be completed in due course, are considered related-party transactions as both entities have Mr. Ritesh Sharma, the promoter and managing director of TIPCO Engineering India Limited, as a partner. Ranks Precision Private Limited, incorporated in March 2025, reported a turnover of Rs 11,11,10,002 for the financial year ended March 31, 2026, while Hanutech Engineering Solutions, established in January 2021, had a turnover of Rs 19,53,83,559 for the same period.

TIPCO Engineering India Limited has deployed nearly all of the funds raised through an offering, according to a Monitoring Agency report released recently. As of June 30, 2026, Rs. 48.46 crore of the Rs. 48.49 crore raised have been utilized, leaving a balance of Rs. 0.02 crore. The deployed funds were primarily allocated to repaying and prepaying borrowings, addressing working capital needs, and supporting general corporate purposes, alongside covering issue expenses. The Monitoring Agency’s report tracks the use of funds and provides an overview of the company’s financial activities.

TIPCO Engineering India will hold a meeting of the Board of Directors of the Company on 26 May 2026.

The scrip listed at Rs 89.25, a 0.28% premium to the issue price. The stock is currently hovering near its listing price. The stock touched a high of Rs 90 and a low of Rs 84.81, with around 10.46 lakh shares changing hands on the counter. Tipco Engineering India's IPO was subscribed 1.56 times. The issue opened for bidding on 23 March 2026 and it closed on 25 March 2026. The price band of the IPO was fixed between Rs 84 to 89 per share. The IPO comprised a fresh issue of 54,48,000 shares and an offer for sale (OFS) of 13,55,200 shares by existing shareholders. The company intends to utilize the net proceeds for repayment of all or certain of borrowings availed of by company, working capital Requirement of the company and for general corporate purposes. Ahead of the IPO, Tipco Engineering India on 20 March 2025, raised Rs 15.30 crore from anchor investors. The board allotted 17.20 lakh shares at Rs 89 per share to 4 anchor investors. Tipco Engineering is a manufacturer and supplier of industrial machinery catering to sectors such as paints, chemicals, packaging, metals, and infrastructure. The company produces a wide range of equipment, including bead mills, dispersers, homogenisers, and other mixing and grinding machines, organized across mill, disperser, and homogeniser product series. It operates two manufacturing units in Sonipat, Haryana, equipped with advanced machinery and quality testing facilities to ensure precision, durability, and adherence to industrial standards. As on 31 December 2025, the company had 96 permanent employees. The company recorded revenue from operations of Rs 85.90 crore and net profit of Rs 13.18 crore for the period ended 31 December 2025.