Intimation of Receipt of Approval from NSE for Rights Issue of Equity Shares.
TTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
T T Limited has informed BSE that it received in-principle approval from NSE for its proposed Rights Issue of equity shares. The issue size is up to Rs. 40 crores, comprising equity shares with a face value of Rs. 1 each, to be offered to existing eligible shareholders on a rights basis. Key details such as the exact number of shares, issue price, premium amount, and entitlement ratio are not specified in this filing (shown as placeholders). The NSE approval is conditional on compliance with SEBI, RBI, MCA, listing regulations, and other statutory requirements. The company has also requested BSE to grant its approval at the earliest. The rights issue must be opened within 12 months of the NSE in-principle approval dated May 27, 2025.
This is a procedural approval step that signals the rights issue is moving forward, but no final pricing, ratio, or record date details are disclosed yet. Existing shareholders should watch for the Letter of Offer and record date announcement, which will determine the actual dilution and cost of subscribing. The stock may see some price adjustment as the issue terms become clearer.