Statement of Deviation(s) or Variation(s) In utilisation of funds raised through Preferential Issue

TITAGARH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹774.00

prior close

₹768.40

base price

In-mkt

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AI summary

Titagarh Rail Systems Ltd has filed a compliance statement confirming no deviation or variation in the utilisation of funds raised through a preferential issue of Convertible Warrants. The total issue size is Rs. 199.99 Crores, with Rs. 49.99 Crores received upfront as of December 31, 2025. The remaining 75% will be received when warrant holders exercise their conversion option within 18 months. As of March 31, 2026, Rs. 50 Crores has been utilised for Reimbursement of Capital Expenditure, while Working Capital Loan Repayment (Rs. 100 Crores) and General Corporate Purpose (Rs. 49.99 Crores) allocations remain unused. Care Ratings Limited is the appointed monitoring agency.

Likely market impact

No deviation in fund utilisation is a positive signal indicating proper deployment of proceeds as per the disclosed objects. The partial utilisation reflects the staged nature of warrant conversion, with remaining funds expected as conversion options are exercised.