Titan Company Limited has informed the Exchange regarding '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 certificate to the stock exchanges confirming that its Commercial Paper (CP) issuances for the quarter ended March 31, 2025 complied with SEBI's listing conditions. The company issued CPs totalling Rs. 2,200 crore during the calendar year up to March 31, 2025, with proceeds used for working capital needs. The certificate confirms that the asset classification of Titan's bank and financial institution facilities remains 'Standard', and there has been no material change in financial status that could adversely affect its CP credit rating. The filing is signed by the CFO and General Counsel & Company Secretary.
This is a routine regulatory compliance filing with no negative implications — Titan's strong credit standing (Standard asset classification, no adverse material change) supports its ability to raise short-term funds cheaply. The Rs. 2,200 crore CP programme reflects significant working capital activity but is normal for a company of Titan's scale.