TIM S.A. filed a Form 6-K on October 30, 2026, reporting that its Statutory Audit Committee held an extraordinary meeting and issued a favorable opinion on the proposed incorporation of I-Systems Soluções de Infraestrutura S.A. by the company.

Key Highlights

  • Favorable opinion issued: The Statutory Audit Committee concluded that all reviewed documents were "in proper order" and issued a favorable opinion on approving the incorporation of I-Systems Soluções de Infraestrutura S.A.
  • Meeting date: The extraordinary committee meeting was held on October 30, 2026, via a virtual written resolution procedure pursuant to Article 25, Paragraph 3 of TIM S.A.'s Bylaws.
  • Three participants: Committee Coordinator Gesner José de Oliveira Filho and members Denísio Augusto Liberato Delfino and Flavia Maria Bittencourt participated in the meeting.
  • Appraisal base date: The appraisal report of I-Systems' net equity was prepared at book value on a base date of July 31, 2026, by Apsis Consultoria e Avaliações Ltda.
  • Protocol executed: A Protocol and Justification of the Incorporation was executed on October 30, 2026, between the management of I-Systems and TIM S.A.
  • Next step: The committee's favorable opinion relates to approval of documents and the proposal by an Extraordinary Shareholders' Meeting to be convened, according to the filing.

TIM S.A. Statutory Audit Committee Reviews I-Systems Incorporation Proposal

According to the Form 6-K filed with the SEC on October 30, 2026, TIM S.A. (NYSE:TIMB) convened an extraordinary meeting of its Statutory Audit Committee to evaluate a proposed incorporation of I-Systems Soluções de Infraestrutura S.A. by the company. The meeting was conducted through a virtual written resolution procedure, as permitted under Article 25, Paragraph 3 of the company's Bylaws, given what the filing described as "the importance and urgency of the matter."

The committee reviewed three categories of documents related to the proposed incorporation: a Protocol and Justification of the Incorporation executed on October 30, 2026, between I-Systems management and TIM S.A.; a proposal from Apsis Consultoria e Avaliações Ltda., identified in the filing as the appraisal firm responsible for preparing the appraisal report of I-Systems' net equity; and the appraisal report itself, which assessed I-Systems' net equity at book value as of a base date of July 31, 2026. The supporting materials were prepared by the company's Finance Department with support from its Accounting, Reporting and Administrative Services area, the filing stated.

After analyzing and discussing all relevant documents, the three committee members concluded that the documents reviewed were in proper order and issued a favorable opinion on their approval by an Extraordinary Shareholders' Meeting to be convened, according to the filing. The minutes were signed by Coordinator Gesner José de Oliveira Filho, members Denísio Augusto Liberato Delfino and Flavia Maria Bittencourt, and Secretary Luciene Rodrigues Abrão Pandolfo. The Form 6-K was signed on behalf of TIM S.A. by Chief Executive Officer Alberto Mario Griselli.

What Was Disclosed

TIM S.A. disclosed through a Form 6-K that its Statutory Audit Committee met on October 30, 2026, reviewed incorporation documents and an independent appraisal report, and issued a favorable opinion on the proposed incorporation of I-Systems Soluções de Infraestrutura S.A. into the company.