Board meeting outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On October 13, 2025, Titan Intech's board approved sweeping changes in a single meeting. Mr. Rudraraju Kumar Raju (ex-ISRO scientist and co-founder of MIC Electronics) was appointed Managing Director, and Mr. Narsimharao Venkata Laxmi Venuturupalle was appointed Whole-time Director. Three new Independent Directors (Messrs. Sanjeev Sharma, Nikhil Putta, and Raj Nagesh Kosaraju) were also added, while two existing Whole-time Directors were redesignated as regular Directors. Executive Director Mr. Zameer Ahammed Kottala resigned citing personal reasons. Separately, the company allotted 80 lakh equity shares (face value Rs. 1) to two private companies — Stylestry Textiles and Vaidri Apparels — on conversion of warrants originally issued at Rs. 55 per share (face value Rs. 10 + premium Rs. 45), leading to a sharp increase in share count.
The large board reshuffle and simultaneous dilution from the warrant conversion (80 lakh new shares) are material events that will expand the equity base and reshape the leadership. Retail investors should monitor how the new MD's strategic vision translates into business growth and watch for any further share price impact from the increased supply of shares.