Tube Investments of India has allotted 15,731 equity shares under ESOP on 10 December 2024. With this allotment, the number of equity shares outstanding has increased from 19,34,56,447 to 19,34,72,178 and the paid up equity share capital from Rs. 19,34,56,4471- to Rs. 19,34,72,1781-.Powered by Capital Market - Live News

Tube Investments of India has allotted 5,760 equity shares under ESOP on 05 December 2024. With this allotment, the number of equity shares outstanding has increased from 19,34,50,687 to 19,34,56,447 and the paid up equity share capital from Rs. 19,34,50,687 to Rs. 19,34,56,447.Powered by Capital Market - Live News

Tube Investments of India (Tll) has announced the execution of definitive agreement for subscription of 67% equity stake in Kcaltech System India (KCAL India), a subsidiary of KC Altech Co. based in South Korea (KCAL Korea). This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in Heating, Ventilation, and Air Conditioning (HVAC) systems for automobiles. The proposed investment will support KCAL India`s expansion plans, including increasing its manufacturing capabilities.The proposed acquisition aligns with TII`s long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core offerings. With the rising demand for automobiles in India, fuelled by increasing population, disposable income, and government initiatives, TII is targeting the aluminium tubes and parts segment as a key growth area.KCAL India, based in Chennai, has established itself as a prominent manufacturer of aluminium tubes and parts for HVAC applications in the automobile industry. The company also trades in aluminium forged parts, such as pistons, shoes, and scrolls. Powered by Capital Market - Live News

Net profit of Tube Investments of India declined 22.30% to Rs 206.79 crore in the quarter ended September 2024 as against Rs 266.15 crore during the previous quarter ended September 2023. Sales rose 14.71% to Rs 4782.51 crore in the quarter ended September 2024 as against Rs 4169.26 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4782.514169.26 15 OPM %10.2513.48 - PBDT544.57610.48 -11 PBT425.92498.53 -15 NP206.79266.15 -22 Powered by Capital Market - Live News

Tube Investments of India will hold a meeting of the Board of Directors of the Company on 4 November 2024Powered by Capital Market - Live News