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 submitted the Monitoring Agency Report from Acuité Ratings and Research Limited for the quarter ended December 31, 2025, covering utilization of Rights Issue proceeds. The Rights Issue (open November 10–19, 2025) raised a gross of INR 48.78 crore against an offer size of INR 49.14 crore, with net proceeds of INR 44.59 crore after issue expenses. The funds were earmarked for Working Capital (INR 36.41 crore) and General Corporate Purposes (INR 8.54 crore). During the quarter, the company utilized INR 7.27 crore for Working Capital and INR 6.82 crore for GCP, leaving INR 30.50 crore unutilized and parked in fixed deposits with AU Small Finance Bank, HDFC Bank, and IDBI Bank. No deviation from stated objects was observed.
This is a routine regulatory compliance filing and is largely neutral for shareholders. It confirms disciplined deployment of raised funds with no misuse or deviation, which is mildly reassuring for investors, though a significant portion (about 68%) of the net proceeds remains unutilized and parked in fixed deposits.