Tipco Engineering India Ltd

Tipco Engineering India Limited, formerly Tipco Engineering India Private Limited, will close its trading window for all designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the unaudited financial results for the half year ended September 30, 2026, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

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.