TUBE INVESTMENTS OF INDIA LIMITED

Shareholders of Tube Investments of India Limited

The figures below are taken from the company’s shareholding pattern filed under Regulation 31(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 30 June 2026. Total issued and fully paid equity was 193,568,319 shares of ₹1 each, held by 100,623 shareholders. There are no partly paid shares, warrants, convertible securities, depository receipts or locked-in shares.

• Promoter and Promoter Group — 85,364,291 shares, 44.10 per cent, across 59 named entities and individuals of the Murugappa family and its holding vehicles.
• Within that total, promoter bodies corporate, trusts and partnership firms (25 entries) held 77,167,377 shares (39.87 per cent) and promoter individuals and HUFs held 8,179,882 shares (4.23 per cent).
• The single largest holder is Ambadi Investments Limited with 68,966,595 shares (35.63 per cent). Other disclosed promoter-group holdings include Murugappa Educational and Medical Foundation (0.38 per cent), M A Murugappan Holdings LLP (0.28 per cent), Lakshmi Ramaswamy Family Trust (0.36 per cent), M A Alagappan Holdings Private Limited (0.23 per cent), AR Lakshmi Achi Trust (0.20 per cent) and M.M. Muthiah Research Foundation (0.15 per cent). Named promoter individuals include M A M Arunachalam (0.44 per cent), M.A. Alagappan (0.37 per cent), Arun Alagappan (0.39 per cent), V Arunachalam (0.38 per cent), V Narayanan (0.35 per cent), A Venkatachalam (0.30 per cent) and M M Murugappan (0.09 per cent in his own name, with further holdings as karta of two HUFs).
• Public shareholding — 108,204,028 shares, 55.90 per cent, held by 100,564 shareholders.
• Non-Promoter, Non-Public — nil.

Institutional detail within the public category at 30 June 2026: mutual funds 18,483,892 shares (9.55 per cent); insurance companies 5,698,233 shares (2.94 per cent); provident and pension funds 1,976,757 shares (1.02 per cent); foreign portfolio investors Category I 8,350,149 shares (4.31 per cent). Non-institutional detail: resident individuals holding nominal capital up to ₹2 lakh 7.99 per cent; resident individuals above ₹2 lakh 1.08 per cent; non-resident Indians 0.88 per cent; bodies corporate 0.79 per cent; bodies corporate in which central or state government is a promoter 0.45 per cent.

Public shareholders individually disclosed at more than 1 per cent were: Smallcap World Fund, Inc. 8,350,149 shares (4.31 per cent); Nippon Life India Trustee Ltd – A/c Nippon India Mul… 7,428,970 shares (3.84 per cent); Motilal Oswal Nifty Midcap 100 ETF 4,424,507 shares (2.29 per cent); Life Insurance Corporation of India 3,582,416 shares (1.85 per cent); DSP Flexi Cap Fund 2,280,926 shares (1.18 per cent); Franklin Asian Equity Fund 2,246,574 shares (1.16 per cent); HDFC Life Insurance Company Limited 2,115,817 shares (1.09 per cent); UTI Nifty500 Shariah Index Fund 2,102,915 shares (1.09 per cent); NPS Trust – A/c HDFC Pension Fund Management Limited 1,976,757 shares (1.02 per cent).

Pledge and encumbrance. The filing records that shares held by promoters are encumbered by way of pledge. The encumbered amount is small: 7,000 shares, being 0.01 per cent of total shares, pledged by a single promoter-group individual (Valli Annamalai) and representing 1.94 per cent of that person’s holding. No non-disposal undertakings and no other encumbrances are recorded.

Ultimate beneficial ownership

Control sits with the Murugappa family and its holding entities, acting as a declared promoter group of 59 persons and entities holding 44.10 per cent in aggregate. The chain that official filings support runs: Tube Investments of India Limited ← Ambadi Investments Limited (35.63 per cent, a Murugappa family holding company) together with the individually named family members, HUFs, family trusts and foundations listed in the shareholding pattern. No single shareholder holds a majority of the equity, and the company reports no holding company in the list of holding, subsidiary, associate and joint venture companies given in its Business Responsibility and Sustainability Report for FY 2025–26.

In answer to the standard question in the Regulation 31 filing for the quarter ended 30 June 2026, “Whether the listed entity has any significant beneficial owner?”, the company answered No — that is, no declaration under section 90 of the Companies Act, 2013 is on record. Beneficial ownership above the level of Ambadi Investments Limited and the family trusts is not disclosed in the filings reviewed and has not been inferred here.

Data availability

The shareholder rows previously held in the record behind this page were not used and are not reproduced. That record attributed 66.63 per cent of the company to Smallcap World Fund against 11,627,785 shares, followed by nine further foreign funds. Those figures are impossible: 11.6 million shares cannot be two thirds of an issued capital of 193,568,319 shares, and the Regulation 31 filing for the quarter ended 30 June 2026 shows Smallcap World Fund, Inc. holding 8,350,149 shares, or 4.31 per cent, as a Category I foreign portfolio investor. The record also omitted the promoter and promoter group entirely.

Percentages above are stated as a percentage of (A+B+C2) as computed under the Securities Contracts (Regulation) Rules, 1957 in the filing itself. Holdings change quarterly; this page reflects the position at 30 June 2026 only. Beneficial ownership of the promoter holding companies and family trusts is not published in the filings consulted.

Directors and officers of Tube Investments of India Limited

The following board and key managerial personnel are taken from the corporate information and corporate governance disclosures in the company’s Annual Report for the financial year ended 31 March 2026. Director identification numbers (DIN) are as published by the company.

The board comprises seven directors: one executive chairman who is a whole-time director, one non-executive vice chairman, one managing director and four independent directors. The key managerial personnel designated under section 203 of the Companies Act, 2013 are the Managing Director, the Chief Financial Officer and the Company Secretary. Nationality is not recorded in the filings reviewed and is therefore stated as: Not disclosed.

Recent officer changes

• 1 April 2025 — Vellayan Subbiah (DIN 01138759) was redesignated as Non-Executive Vice Chairman, having previously served as Executive Vice Chairman (whole-time director) until 31 March 2025.
• 15 May 2025 — Shelina Pranav Parikh (DIN 00468199) was appointed an Additional Director and Independent Director for a term of three consecutive years; approved by members at the 17th Annual General Meeting on 1 August 2025.
• 16 June 2025 — Sasikala Varadachari (DIN 07132398) retired as an Independent Director at the close of business on completion of her term.

The company also reports that Anand Kumar was reappointed as an Independent Director for a second term of five years from 24 March 2026 to 23 March 2031, and V S Radhakrishnan for a second term of five years from 5 July 2026 to 4 July 2031, both approved by members through postal ballot on 19 March 2026.

Data availability

The officer record behind this page was not used. It contained fourteen rows of executive management rather than the board — including an Executive Vice President and Head of Human Resources, a Chief Marketing Officer and a President of Business Development — and it recorded the Managing Director of TI Clean Mobility Private Limited, a subsidiary, as though he were an officer of this company. Officers of subsidiaries are not officers of Tube Investments of India Limited and have been excluded.

The same record carried a year of birth and an academic qualification appended to a person’s name. Dates of birth are not published here, and qualifications are not reproduced as part of a name. No permanent account number (PAN), Aadhaar number or other national identification number is published; DIN is published because it is a public identifier maintained by the Ministry of Corporate Affairs.

Remuneration, board committee memberships and directorships in other companies are disclosed in the company’s corporate governance report and are not reproduced here.

Group structure of Tube Investments of India Limited

Above the company. No holding company is reported. The largest single shareholder is Ambadi Investments Limited, a Murugappa family holding company, with 35.63 per cent at 30 June 2026; the declared promoter and promoter group of 59 persons and entities held 44.10 per cent in aggregate.

Below the company. Form AOC-1 annexed to the Directors’ Report for the financial year ended 31 March 2026 lists 35 subsidiaries (Part A) and four joint ventures and associates (Part B: three joint ventures and one associate). Percentages shown for step-down subsidiaries are the holdings of their respective immediate parent companies, not of Tube Investments of India Limited.

The two separately listed subsidiaries. CG Power and Industrial Solutions Limited (CIN L99999MH1937PLC002641) has been a subsidiary since its acquisition in 2020; Tube Investments of India Limited holds 56.29 per cent of its equity capital. It is a separately quoted listed company with its own shareholders, board and filings, and it is fully consolidated in this company’s consolidated financial statements with a non-controlling interest. Its own figures must not be read as those of Tube Investments of India Limited: for FY 2025–26 CG Power reported consolidated revenue of ₹12,418 crore (FY 2024–25: ₹9,909 crore) and consolidated profit before tax of ₹1,626 crore (FY 2024–25: ₹1,348 crore). Shanthi Gears Limited (CIN L29130TZ1972PLC000649) is also separately listed and 70.46 per cent held, and is likewise fully consolidated; for FY 2025–26 it reported turnover of ₹518.72 crore and profit after tax of ₹76.66 crore on a standalone basis. Of the consolidated profit of ₹1,118.22 crore for FY 2025–26, ₹481.38 crore was attributable to non-controlling interests.

Data availability

Several identifiers in the group record behind this page were not usable and have been replaced or flagged:

• The node PT ELSEWEDY ELECTRIC INDONESIA was tagged with country code NZ and a New Zealand-style registration number. An Indonesian “PT” company cannot hold a New Zealand company registration, and Elsewedy Electric is an unrelated Egyptian group. This node is treated as suspect and has been excluded. The only Indonesian entity identified in the FY 2025–26 Form AOC-1 is PT Crompton Prima Switchgear Indonesia, which ceased to be a subsidiary with effect from 31 March 2026.
• Strings beginning 33AADCT…, 27AAACC… and 06AAFCI… are Goods and Services Tax identification numbers (GSTIN), which are state-level tax registrations, not company registration numbers. They have not been used as entity identifiers.
• The value #0192384712 recorded against CG Power Americas LLC is a placeholder, not a registration number. Form AOC-1 states 5931594 for that entity.
• The record held 22 nodes. Form AOC-1 for the year ended 31 March 2026 lists 35 subsidiaries plus three joint ventures and one associate, so the record was materially incomplete as well as partly mis-identified.

Registration-number types above are named as they are described by the issuing register; where Form AOC-1 gives a number without naming the register, the type is given as stated. Form AOC-1 does not give registration numbers for the joint ventures and the associate. Ownership percentages for step-down subsidiaries are those held by their respective immediate parents, as the form itself notes, and are not effective economic interests of Tube Investments of India Limited.

The gd_ registry fields on this page record CIN L35921TN1949PLC002905 and an incorporation date of 9 September 1949. Those belong to the erstwhile Tube Investments of India Limited, the demerged company under the 2017 composite scheme of arrangement, which retained the financial services business and was renamed. The company described on this page states its own CIN as L35100TN2008PLC069496, incorporated 6 October 2008. The registry fields have not been altered.