Board meeting outcome for Rights issue
Price
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Titan Intech Ltd's Board approved a Rights Issue of up to 49.14 crore fully paid-up equity shares of face value ₹1.00 each at an issue price of ₹1.00 (at par), aggregating up to ₹49.14 Crores. The ratio is 3 rights shares for every 2 shares held by eligible shareholders as on the record date of Friday, 31st October 2025. The issue opens on 10th November 2025 and closes on 19th November 2025. Existing outstanding shares of 32.76 crore will increase to 81.90 crore on full subscription, and the Rights Entitlement ISIN is INE807M20015.
Eligible shareholders can subscribe to the rights shares at par (₹1.00), needing to invest additional capital proportional to their holding (3:2 ratio). Since the issue is at par with no discount, the primary impact is equity dilution of about 150% if fully subscribed, which could pressure the stock price ex-rights.