TIL Limited has informed the Exchange regarding its upcoming Right Issue.
TIL · price
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TIL Limited has approved the terms of its upcoming Rights Issue through a meeting of its Rights Issue Committee held on March 20, 2026. The company plans to issue 1,20,91,760 partly paid-up equity shares for an aggregate amount of approximately ₹199.51 crores. The Rights Issue will open on Monday, March 30, 2026, and close on Wednesday, April 8, 2026. Eligible equity shareholders as on the record date will have their rights entitlements credited to their demat accounts under a new ISIN (INE806C20026). The company has already received in-principle approvals from both NSE and BSE for the issue.
Existing shareholders will have the opportunity (and right) to subscribe to additional shares in proportion to their current holdings, which could dilute their stake if they choose not to participate. The fresh capital raise of ~₹199.51 crores may be used for growth or debt reduction purposes, but the specific use of proceeds is not detailed in this filing.