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Awaiting price reaction for this filing.
Titan Intech Ltd's Board of Directors, at a meeting held on September 9, 2025, approved raising funds through a Rights Issue of equity shares with a face value of Rs. 1 each. The total amount to be raised will not exceed Rs. 49.5 crores, offered to existing eligible shareholders as on a record date to be determined later. The issue price will be at par or at a premium, as decided by the committee in due course. Key details such as the rights entitlement ratio, exact issue price, record date, and payment terms are yet to be finalized.
This is a fund-raising move that could dilute existing shareholdings if shareholders do not subscribe. Shareholders should watch for the upcoming announcement of the record date, entitlement ratio, and issue price to assess whether to participate.