Intimation of In-Principle Approval recived for Rights Issue of Equity shares by TT Limited ("the Company") under Regulation 30 of the Securities and Exchnage Board of India ( Listing Obigation ....
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TT Limited has received in-principle approval from BSE for a proposed rights issue of fully paid-up equity shares. The approval was granted by BSE vide its letter dated May 16, 2025 (Ref: LOD/RIGHT/AM/FIP/197/2025-26), following the company's application dated April 10, 2025. This approval allows the company to mention BSE's name in its Letter of Offer, but the company still needs to complete legal and statutory formalities before finalizing the offer document. No details on issue size, price, ratio, or record date have been disclosed yet; a record date will need to be fixed with at least 3 working days advance notice.
This is a procedural milestone, not a final approval — the rights issue still requires SEBI clearance and disclosure of key terms (price, ratio, size). Existing shareholders may need to be prepared for potential dilution, but the actual terms are not yet known.