T T Limited has informed the Exchange about General Updates Submission of Advertisement Regarding Closure of Rights Issue Regulation 84(3) of SEBI (ICDR) Regulations, 2018
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Awaiting price reaction for this filing.
T T Limited has formally announced the closure of its rights issue by publishing advertisements in Financial Express (English) and Jansatta (Hindi) on July 31, 2025, as required under SEBI regulations. The rights issue offered up to 3,33,30,444 equity shares at ₹12 each (including ₹11 premium), aggregating up to ₹4,000 lakhs (₹40 crore). The issue was open to existing eligible shareholders in the ratio of 4 rights shares for every 27 shares held, with the record date set as July 4, 2025. This filing is a routine post-issue compliance submission confirming that the subscription window has closed.
The rights issue window is now closed, meaning shareholders can no longer subscribe. Shareholders who did not exercise their rights will see their stake diluted by roughly 14.8% (4-for-27 ratio). The actual fund raise amount and subscription levels will determine whether the stock sees pressure from dilution or stabilizes post-issue.