NSEUpdates29 Sept 2026 · 29 Sept 2026, 04:09 pm

Updates

Tube Investments of India Limited · TIINDIA

✦ AI SummaryFundraise

Tube Investments of India Limited has informed the Exchange regarding 'Incremental Investment in TI Clean Mobility Private Limited, subsidiary'. The company has entered into Subscription Agreement for subscription towards Compulsorily Convertible Preference Shares, aggregating about Rs. 250 Cr. in TICMPL and further entered into Amended and Restated Shareholders' Agreement with the investors of TICMPL.

Analysis Scores

Earnings Impact6/10
Growth Catalyst7/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

Tube Investments of India Limited has informed the Exchange regarding 'Incremental Investment in TI Clean Mobility Private Limited, subsidiary'.

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TIINDIA_29092026160902_TIINSEBSETICMPL.pdf

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Tube lnvestments of India Limlted "Chola Crest'f No. C54-55 & Super B-4, Thiru - Vi - Ka lndustrial Estate, Guindy, Chennai-600 032, Tel: 91 44 4217 7770-5 Email: tii-secretarial@tii.murugappa,com INDIA Website: www.tiindia.com CIN: 1351 00TN2008P1C069496 29th September 2026 National Stock Exchange of lndia Limited BSE Limited Exchange Plaza, Sth Floor 1st Floor, New Trading Ring, Plot No.C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai 400 051 Mumbai 400 001 NSE Svmbol: TllNDlA BSE Scrip Code: 540762 Dear Sir / Madam, Sub: lntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - lncremental lnvestment in Tl Glean Mobility Private Limited We write to inform you that Tube lnvestments of lndia Limited ("Tll") and Tl Clean Mobility Private Limited ("T|CMPL"), a subsidiary of Tll, have today (29th September 2026) entered into Subscription Agreement for subscription towards Compulsori$ Convertible Preference Shares, aggregating about Rs. 250 Cr. in TICMPL and further entered into Amended and Restated Shareholders' Agreement with the investors of TICMPL. Pursuant to the terms of Subscription Agreement, Tll was allotted 2.5 Cr. Series C Compulsorily Convertible Preference Shares. Further details are in the annexed statement of disclosure furnished pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular dated 30th January 2026. We request you to kindly take the above on record Thanking you. Yours faithfully, oF rNDrA LrMrrED lruI;[il'ENrs S KRITHIKA COMPANY SECRETARY Encl. murugopPo INDIA Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular dated 30th January 2026 relating to execution of Subscription Agreement & Amended and Restated Shareholders' Agreement by Tube lnvestments of lndia Limited ("Tll") & Tl Clean Mobility Private Limited ("T|CMPL"), a subsidiary of Tll, with the investors of TICMPL Disclosure requirement Details a) Name(s) of parties with whom the Subscription Agreement agreement is entered. Tll and TICMPL have entered into Subscription Agreement towards Compulsorily Convertible Preference Shares ("CCPS'), aggregating about Rs. 250 Cr, in TICMPL. Amended and Restated Shareholders' Aqreement Tll and TICMPL have entered into Amended and Restated Shareholders' Agreement with the investors of TICMPL. b) Purpose of entering into the agreement TICMPL is in the electric mobility business The proposed fund raising by TICMPL will help scale up the operations of TICMPL and its subsidiaries. c) Shareholding, if any, in the entity with TICMPL is a subsidiary of Tll whom the agreement is executed. Tll holds 25 Cr. equity shares of face value of Rs. 10/- each, 5 Cr. Series B CCPS of face value of Rs. 1001- each and 2.5 Cr. Series C CCPS of value of Rs. 1001- each in TICMPL. d) Significant terms of the agreement (in Significant terms of the Amended and brief) special rights like right to appoint Restated Shareholders' Agreement between directors, first right to share subscription in Tll, TICMPL and the investors include Board case of issuance of shares, right to restrict Composition, lnvestors Affirmative Vote any change in capital structure etc. Matters, lnformation Rights, Pre-Emption Right, Right of First Offer, Tag Along Right, Conversion Terms, Non-Compete & Non-Solicitation and Fall Away. e) Whether, the said parties are related to TICMPL is a subsidiary of Tll group/ promoter/promoter group companies in any manner. lf yes, nature murugoPPo INDIA Disclosure requirement Details of relationship 0 Whether the transaction would fall within The proposed investment by Tll in Series C related party transactions? lf yes, whether CCPS of TICMPL was made at face value of the same is done at "arm's length". Rs.100/- per CCPS. g) ln case of issuance of shares to the 2.5 Cr. Series C CCPS at face value of parties, details of issue price, class of Rs.100l per CCPS for Rs. 250 Cr. shares issued. h) Any other disclosures related to such The closing of the transaction/investment agreements, viz., details of nominee on was subject to satisfactory completion of the the board of directors of the listed entity, Conditions Precedents as contained in the potential conflict of interest arising out of agreements executed between the parties. such agreements etc. In case of termination or amendment of Not Applicable agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof. murugoPPo