Titan Company Limited has informed the Exchange about Certificate pursuant to SEBI Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August 2021
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Awaiting price reaction for this filing.
Titan Company filed a quarterly compliance certificate with BSE and NSE for its Commercial Paper (CP) issuances under SEBI's operational circular for non-convertible securities. The certificate, for the quarter ended 30th September 2025, confirms that CP proceeds were used for the disclosed purpose of working capital and that all listing conditions are being met. The company raised a total of Rs 4,725 crore via four CP tranches issued between 8th July 2025 and 12th September 2025, with maturities ranging from September to December 2025. Titan also confirmed that its bank facility asset classification remains 'Standard' and that there has been no material adverse change in its financial status affecting the credit rating.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It does, however, highlight that Titan is actively using short-term commercial paper to fund its working capital needs, reflecting normal treasury activity for a large listed company.