TPI India Ltd — Important, 23-01-2026: Company Update

TPI India's Board has approved a Rights Issue of fully paid-up equity shares to raise up to ₹16 Crores from eligible shareholders, subject to regulatory approvals. The company also approved the Draft Letter of Offer for submission to BSE to seek in-principle approval. TPI India has announced a board meeting on or before January 30, 2026, to finalize key terms of the Rights Issue, including the issue price, rights entitlement ratio, and record date. This fund-raising initiative aims to strengthen the company's capital base.