Tube Investments of India Ltd

Investment and governance terms

• Subscription for 2.5 crore Series C CCPS aggregating Rs 250 crore.
• Amended and Restated Shareholders' Agreement executed with TICMPL investors.
• TII allotted 2.5 crore Series C CCPS at Rs 100 per CCPS.
• TICMPL is an electric mobility business and a subsidiary of TII.
• Investment aims to scale TICMPL and subsidiaries' operations.
• Board composition, affirmative vote matters, information rights, pre-emption, ROFO, and tag-along included.
• Closing subject to satisfaction of conditions precedents.

Tube Investments of India Ltd - Closure of Trading Window

Meeting Details

• Two one-on-one investor meetings scheduled: 23 Sep 2026 at 10:00 IST and 28 Sep 2026 at 12:00 IST.
• Mode not specified; meetings are one-on-one with Analyst/Investors.
• Organizer: Tube Investments of India Limited.

Participants

• Key company participant: Company Secretary.

Purpose

• Purpose: discuss investor questions and company performance outlook.

Additional Notes

• Times subject to last-minute changes; no access details provided.

Rating Details

• Total bank loan facilities rated: Rs 1500 crore.
• Long-term rating: CRISIL AA+/Stable (Reaffirmed).
• Short-term rating: CRISIL A1+ (Reaffirmed).
• Rating agency: CRISIL Ratings Limited.
• Outlook: Stable.
• Rating communicated to BSE/NSE on 15 September 2026.

Meeting Details

• No meeting details available in the provided chunk.

Material updates

• Investor Presentation for Q1 2026-27 is released and uploaded on TI India's website.
• TI Medical Private Limited completed the acquisition of Medicura Devices' medical plastic consumables business in March 2026.
• ₹25 crore invested in Series D CCPS during quarter ended June 30, 2026.
• As of 30 June 2026, TI Clean Mobility Pvt Ltd holds a 95.58% stake in IPLT.
• Orange Koi became a TI subsidiary in April 2026 after acquiring 76.24% of paid-up equity.
• CG Semi Private Limited commenced commercial production at its G1 OSAT facility in Sanand on 4 July 2026.
• Montra Electric expanded its eSCV portfolio with two new variants in April 2026.

Acquisition details

• Target: Shanthi Gears Limited (SGL), a listed subsidiary designing and manufacturing gears and gearboxes in India.
• Turnover for FY2025-26 was Rs 518.72 crore; paid-up capital Rs 7.67 crore.
• Not a related-party transaction; acquisition via block deal and all-cash consideration.
• Acquired equity shares: 20,64,713 shares (2.69% of SGL); post-acquisition TIIL stake 73.16%.
• Timeline: Completed on 21 August 2026.
• Regulatory approvals: Not Applicable.
• Part of TIIL's long-term investment plans.
• SGL incorporated 1 July 1972; designs and manufactures gears, gearboxes, geared motors.
• Turnover history: FY2025-26 Rs 518.72 Cr; FY2024-25 Rs 604.62 Cr; FY2023-24 Rs 536.05 Cr.

Meeting Details

• Date: August 17, 2026 (Q1 FY2027 earnings call).
• Format: virtual group call.
• Event: Tube Investments Q1 FY2027 Earnings Call; organizer: IIFL Capital Services Limited.

Participants

• Key company participants: Executive Chairman, Managing Director, CFO, and management team.

Purpose

• Purpose: discuss Q1 FY2027 results and segment performance.

Additional Notes

• Recording of the call is available.

Meeting Details

• Date and time: 17 August 2026 at 10:00 IST.
• Type and mode: group conference call, audio recording.
• Event/organiser: Analysts and Investors conference group call.
• Key company participants: Company Secretary.
• Purpose: Audio recording of the conference group call with analysts and investors.
• Recording availability: Recording hosted on the company website.

ESG rating update

• Crisil ESG assigned 65 and Core ESG 70 for FY2026 after review of public data.
• Rating submissions to BSE and NSE occurred on 14 Aug 2026 at 6:28 and 6:29 PM respectively.