Tube Investments of India (TII) announced the board’s approval of an interim dividend of ₹2 per share. The board also approved the reappointment of Mr. Anand Kumar and Mr. V S Radhakrishnan as Independent Directors, subject to shareholder approval. The record date for the dividend is February 10, 2026. Additionally, a request for reclassification from ‘Promoter and Promoter Group’ to ‘Public Shareholder’ category was approved.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of ₹2 (Rupees Two only) per equity share of ₹1 each for the financial year ending March 31, 2026. The record date to determine eligibility for the dividend is fixed as Tuesday, February 10, 2026. The dividend payout will occur within 30 days of the declaration date.
Independent Director Reappointments
The Board approved the reappointment of Mr. Anand Kumar as an Independent Director for a second term of 5 consecutive years, starting from March 24, 2026, until March 23, 2031. This reappointment is subject to member approval. Similarly, Mr. V S Radhakrishnan has been reappointed as an Independent Director for a second term of 5 years, effective from July 5, 2026, to July 4, 2031, also pending member approval. To this end, a notice of Postal Ballot and E-voting was also approved.
Reclassification Request Approved
A request from M/s. Algavista Greentech Private Limited to be reclassified from ‘Promoter and Promoter Group’ to ‘Public Shareholder’ category has been approved. This approval is contingent upon obtaining a No Objection Certificate from the Stock Exchanges, complying with Regulation 31A of SEBI Listing Regulations. The board meeting concluded at 1:45 PM on February 4, 2026 after commencing at 12:00 PM.
Standalone Financial Highlights
For Q3 (Oct-Dec) 2025, Tube Investments of India reported standalone revenue of ₹2,152 Cr, compared to ₹1,910 Cr in the same period the previous year. Profit Before Tax (PBT) before exceptional items for the quarter stood at ₹268 Cr, up from ₹212 Cr in the corresponding period, marking a growth of 26%. The annualized Return on Invested Capital (ROIC) was 49%. Free cash flow was reported at ₹248 Cr for the quarter. Broken down by segment, Engineering revenue stood at ₹1,438 Cr, Metal Formed Products at ₹408 Cr, Mobility at ₹183 Cr and Others at ₹214 Cr.
Consolidated Financial Highlights
TII’s consolidated revenue for the quarter stood at ₹5,801 Cr, up from ₹4,812 Cr in the corresponding quarter the previous year. Consolidated profit (before share of profit of an Associate/Joint Venture, Exceptional Items and Tax) reached ₹502 Cr as against ₹427 Cr in the corresponding period last year.
Source: BSE
