T T Limited has informed the Exchange regarding a press release dated August 01, 2025, titled "Rights Issue of 3,33,30,444 Fully Paid-Up Equity Shares aggregating to Rs.40 Crores announcing that the issue has been oversubscribed by 1.13 times.".
TTL · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and in line with its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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T.T. Limited has successfully closed its Rights Issue of 3,33,30,444 fully paid-up equity shares, raising Rs. 40 Crores in total. The issue was priced at Rs. 12 per share (with Rs. 11 as premium) and was oversubscribed by 1.13 times, indicating strong investor interest. The issue closed on July 31, 2025, and allotment along with listing on BSE and NSE is expected around August 14, 2025. Proceeds will be used for the Avinashi project capex, brand building, incremental working capital, and general corporate purposes. The company is a vertically integrated textile player with presence across yarn, knitted fabrics, and garments, selling the legacy TT Brand domestically and exporting to over 65 countries.
Oversubscription is a positive sign of shareholder confidence, but the Rs. 40 Crore fundraising will dilute existing shareholding. Short-term stock price may face mild pressure due to dilution, while long-term outlook depends on execution of the Avinashi project and export growth driven by FTAs and the China Plus One trend.