Titan Company Limited has informed the Exchange regarding 'Certificate pursuant to SEBI Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August 2021'.
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Titan Company has filed a routine SEBI-mandated compliance certificate for its Commercial Paper (CP) issuances for the quarter ended 30th June 2025. The company confirms that total CP issuance during the calendar year up to that date was Rs. 4,000 crore, with all proceeds used for working capital purposes. Five separate CP tranches were issued between April and June 2025, with face values ranging from Rs. 225 crore to Rs. 1,275 crore each. The company certifies that its bank facilities remain classified as 'Standard', with no material change in financial status that could adversely affect its credit rating. Two tranches maturing in August and September 2025 are still outstanding, while the April and May issuances have been repaid on schedule.
This is a routine regulatory filing and not a material event for shareholders. However, it confirms Titan's active use of short-term commercial paper (Rs. 4,000 crore) for working capital needs, indicating healthy access to debt markets. The 'Standard' asset classification and stable credit rating signal no immediate financial stress.