A three-component interaction of 4-chloro-1-ethyl-1Hbenzo[c][1,2]thiazine-3-carbaldehyde 2,2-dioxide with malononitrile and enol nucleophiles of heterocyclic nature has been studied. Depending on the nature of an enol nucleophile this reaction can lead either to heterocyclic ensemble of σ-linked 4chloro-1-ethyl-1H-benzo[c][1,2]thiazine 2,2-dioxide and 2amino-4H-pyran rings or condensed tetracyclic derivatives containing a new heterocyclic core of 7,10-dihydro-5Hbenzo[c]pyrazolo[4',3':5,6]pyrano[2,3-e][1,2]thiazine 6,6-dioxide. The same result was obtained in the case of two-component approach involving 2-((4-chloro-1-ethyl-2,2-dioxido-1Hbenzo[c][1,2]thiazin-3-yl)methylene)malononitrile. The structure of the tetracyclic derivatives has been confirmed by 2D NMR experiments. A plausible mechanism of the three-component interaction resulting in the two possible products has been proposed. The synthesized compounds were screened for in vitro antibacterial and antifungal activities.