Certificate pursuant to SEBI Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
TITAN · price
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Titan Company has submitted a quarterly compliance certificate to BSE and NSE confirming proper utilization of Commercial Paper proceeds for the quarter ended March 31, 2026. The company has issued multiple CP tranches during the calendar year 2025-26, totaling Rs. 12,225 crore across 13 separate issuances. All proceeds have been deployed for working capital purposes as disclosed in the offer documents. The filing certifies that all listing conditions have been adhered to, asset classification remains "Standard," and there have been no material changes in financial status that could adversely affect the credit rating of the Commercial Paper.
This is a routine regulatory compliance filing confirming that Titan has properly deployed Rs. 12,225 crore of short-term borrowing through Commercial Papers for working capital. No red flags or deviations were reported, indicating sound financial management and adherence to debt covenants.