Allotment of equity shares on Rights basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Titan Intech Ltd has completed its rights issue, allotting 48,78,22,972 fully paid-up equity shares of face value ₹1.00 each at an issue price of ₹1.00 per share (i.e., no premium). The rights issue, which opened on November 10, 2025 and closed on November 19, 2025, raised approximately ₹48.78 crores. As a result, the company's paid-up equity share capital has increased from ₹33.56 crores (33,56,03,910 shares) to ₹82.34 crores (82,34,26,882 shares), representing roughly a 2.45x increase in the number of outstanding shares. The Board approved the allotment on November 20, 2025.
Existing shareholders face significant dilution of approximately 145% in their shareholding, as the share count has more than doubled. The issue price being at face value (no premium) is unusual and may suggest the company needed capital and structured the issue to encourage full subscription, though it provides no additional capital beyond par value.