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Awaiting price reaction for this filing.
Titan Intech has completed its rights issue, allotting 48,78,22,972 equity shares at ₹1.00 per share (face value) to eligible shareholders and renouncees. The rights issue opened on November 10, 2025, and closed on November 19, 2025. The company's paid-up share capital has risen sharply from ₹33.56 crores (33.56 crore shares) to ₹82.34 crores (82.34 crore shares), nearly 2.5 times. The total issue size was up to ₹49.14 crores, and almost the entire amount was subscribed. The issue price equals face value, meaning no premium was charged to shareholders.
Existing shareholders will see significant dilution of their holdings as the share count has more than doubled. However, since the issue price equals face value, the company raised only ₹49.14 crores for this massive expansion of shares, which may put downward pressure on the stock price due to the dilutive nature of the issue.