Postal Ballot Notice
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Titan Intech's board, which met on January 24, 2026, approved the allotment of 60,00,000 equity shares to YOTOA Consultancy Private Limited upon conversion of convertible equity share warrants issued earlier via a preferential allotment. The original warrants were issued at Rs. 55 per share (Rs. 10 face value + Rs. 45 premium); the share count has risen to 60 lakh because the company recently reduced its face value to Rs. 1 from Rs. 10. The board also cleared a Postal Ballot notice seeking shareholder approval to appoint three new Independent Directors — Mr. Kosaraju Raj Nagesh, Mr. Nikhil Putta, and Mr. Ko Su Piow. The e-voting window runs from January 28 to February 26, 2026, with the cut-off date set at January 23, 2026.
The conversion adds 60 lakh fresh shares to the equity base, which will dilute existing shareholders' stakes and increase the promoter/public share count. The single-investor allotment to YOTOA Consultancy concentrates ownership further. The new independent director appointments are routine governance moves subject to shareholder approval.