In furtherance to our intimation pursuant to Regulation 30 of the SEBI Listing Regulations vide letter dated 26th November, 2022 and intimation pursuant to Regulation 30 of SEBI Listing Regulations vide letter dated 20th January, 2024 regarding the approval of issuance and allotment of equity shares through Preferential Issue on Private Placement basis, this is to inform you that the Board of Directors of TIL Limited ('the Company') at its meeting held today, i.e., 24th January, 2024 has approved the allotment of 74,96,592 equity shares ("Shares") of face value of ? 10/- (Indian Rupees Ten only) at a premium of INR 82.40 each on preferential basis to Indocrest Defence Solutions Private Limited. Post allotment, the issued and fully paid-up equity share capital of the Company stands increased to 1,75,26,857 equity shares of ? 10/- each. Indocrest Defence Solutions Private Limited will be classified as a promoter of the Company pursuant to such preferential issue.