T T Limited has informed the Exchange that Board of Directors at its meeting held on Jun 18, 2025, has decided to issue equity shares on rights basis in the ratio of 4 : 27, i.e 4 Equity Shares for every 27 Equity Shares held. Issue Price is 12 per share.
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The Board of Directors of T T Limited, at its meeting on June 18, 2025, approved a rights issue of up to 3,33,30,444 fully paid-up equity shares at Rs. 12 per share (face value Rs. 1 + premium of Rs. 11), aggregating up to Rs. 40 crore. The ratio is 4 new equity shares for every 27 existing shares held, with the record date set for July 4, 2025. The rights issue will open on July 17, 2025 and close on July 31, 2025, with renunciation allowed until July 25, 2025. Post-issue, the total share count (assuming full subscription) will rise to about 25.83 crore shares from 22.50 crore shares currently. Additionally, Mr. Rahul Maurya has been appointed as the new Company Secretary and Compliance Officer with immediate effect.
Eligible shareholders as on the record date (July 4, 2025) can subscribe to the rights issue in the 4:27 ratio; if fully subscribed, the share count will increase by roughly 14.8%, leading to dilution for non-subscribers. The company will raise up to Rs. 40 crore in fresh capital, though the specific end-use has not been disclosed in this filing.