T T Limited has informed the Exchange regarding 'Submission Of Right Issue Documents I.E. Letter Of Offer, Abridge Letter Of Offer, Right Entitlement Letter And Application Form.'.
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T T Limited's Rights Issue Committee, at its meeting on June 26, 2025, approved the final Letter of Offer and related documents for a proposed Rights Issue. The company plans to issue up to 3,33,30,444 fully paid-up equity shares of face value ₹1 each at a price of ₹12 per share (including ₹11 premium), aggregating up to ₹4,000 lakhs. The ratio is 4 Rights Equity Shares for every 27 shares held by eligible shareholders on the Record Date of Friday, July 4, 2025. The issue opens on July 17, 2025 and closes on July 31, 2025, with the last date for on-market renunciation being July 25, 2025. Sumedha Fiscal Services Limited is the lead manager and Beetal Financial & Computer Services is the registrar.
Eligible shareholders as of the July 4, 2025 record date can subscribe to additional shares in this rights issue to maintain their proportional ownership, but those who do not participate will see their stake diluted. The stock may see short-term pressure around the ex-rights and record date, with the rights entitlement trading separately on exchanges (ISIN: INE592B20016).