Shares of TIL Ltd jumped over 18% in early trade on February 19 after the company informed exchanges that its board will meet next week to consider a proposal for raising funds.
The stock was trading at Rs 267.95, up 18.20% or Rs 41.26, in morning trade on the NSE.
In an exchange filing dated February 18, the company said a meeting of the Board of Directors is scheduled to be held on February 23, 2026, to consider and evaluate a proposal for raising funds .
As per the filing, the fund raising may be undertaken through various permissible routes including a rights issue, preferential allotment, qualified institutional placement (QIP), or any other mode or combination thereof. The proposal may involve issuance of equity shares, equity-linked securities, warrants or other eligible instruments, subject to necessary regulatory and statutory approvals.
The disclosure was made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The announcement appears to have triggered strong buying interest in the counter, with investors reacting positively to the potential capital infusion and upcoming corporate action.