The company will raise capital by way of a rights issue, preferential allotment, qualified institutional placement, or any other permissible mode and or combination thereof, through the issuance of equity shares, equity-linked securities, warrants, and or any other eligible securities.

Earlier, on 16 February 2026, the company’s board approved the acquisition of a 60% stake in Tulip Compression (TCPL) - a fast-growing clean energy solutions provider. The move marks the company’s accelerated entry into the clean energy manufacturing ecosystem.

Established in 1944, TIL (formerly Tractors India) manufactures material handling and infrastructure equipment. Headquartered in Kolkata with a pan-India presence, it is renowned for its robust, high-quality products and innovative design.

The company reported consolidated net loss of Rs 6.85 crore in Q3 FY26 compared with net loss of Rs 3.70 crore in Q3 FY25. Revenue from operations fell 7.5% YoY to Rs 73.23 crore in the quarter ended 31st December 2025.