Allotment of Equity shares
Price
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Titan Intech Ltd's board, at a meeting on December 27, 2025, approved the allotment of 51,50,000 equity shares to Nadem Township Private Limited pursuant to the conversion of 5,15,000 convertible equity share warrants. The original warrants had been issued at Rs. 55/- per share (face value Rs. 10 + premium Rs. 45), and the higher share count is because the company's face value has since been reduced from Rs. 10 to Rs. 1. This is a preferential allotment to a single public-category investor, with the full subscription amount already received.
This is a pre-planned warrant conversion, not fresh fundraising — the funds would have already been received when warrants were originally issued. Existing shareholders face dilution of about 51,50,000 shares from a single incoming shareholder, which may modestly increase the stock's float and supply.