TIL Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
TIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TIL Limited has filed its quarterly statement confirming that funds raised through conversion of 37.5 lakh equity warrants have been utilized as per the stated objects with no deviations. The company raised Rs. 60 crores on 28th January 2026 through warrant conversion. During Q4 FY26, Rs. 2,088 lakh (approx Rs. 20.88 crore) was utilized out of the total Rs. 6,000 lakh raised. Capital expenditure for growth including acquisitions had Rs. 3,600 lakh allocated with only Rs. 188 lakh deployed in Q4, indicating phased deployment. Working capital and general corporate purposes had Rs. 1,200 lakh each allocated. The filing is a revised submission correcting an earlier inadvertent error in the 30th April 2026 filing.
Positive for shareholders as the company has confirmed full compliance with fund utilization norms. No deviation from the stated objects means funds are being deployed as promised to shareholders. The phased capital expenditure deployment is proceeding as planned.