No deviation in use of Rs 60 Cr warrant proceeds for Q1 FY27

TIL Ltd filed a quarterly statement under SEBI Regulation 32 confirming no deviation or variation in the use of Rs 60 crore raised through conversion of 37.5 lakh equity warrants on 28 January 2026. In Q1 FY27 (quarter ended 30 June 2026), the company utilised Rs 90.04 lakh for capital expenditure out of Rs 2,588 lakh used so far. Remaining Rs 3,321.96 lakh for capex will be deployed in phases for the same purpose. No funds were used for working capital or general corporate purposes in the quarter. Audit Committee and auditors raised no concerns.