TIPCO Engineering India: Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Of Tipco Engineering India Limited ('The Company') In Terms Of The Provisions Of Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015.

Outcome of the Board Meeting1. Increase in Authorised Share Capital: Approval for increase in the Authorised Share Capital of the Company from ?25 Crore to ?30 Crore comprising an increase of 3 Crore Equity Shares of ?10 each. 2. Preferential Issue of Equity Shares: Approval for issuance of up to 21 02 400 Equity Shares of ?10 each at an issue price of ?180 per Equity Share on a preferential basis to persons/entities belonging to the Public category aggregating up to ?37.84 Crore subject to applicable regulatory and members approvals. 3. Preferential Issue of Convertible Warrants: Approval for issuance of up to 44 16 000 Fully Convertible Warrants at an issue price of ?180 per Warrant each carrying a right to subscribe to one Equity Share of ?10 each to persons/entities belonging to the Promoter and Promoter Group and Public categories aggregating up to ?79.49 Crore subject to applicable regulatory and members approvals.