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Awaiting price reaction for this filing.
Titan Intech Limited is launching a rights issue to raise up to ₹49.14 crores by issuing up to 49,14,05,865 fully paid-up equity shares of face value ₹1 each at par (₹1 per share). Eligible shareholders as on the record date (Friday, October 31, 2025) can subscribe in the ratio of 3 rights shares for every 2 equity shares held (3:2). The issue opens on November 10, 2025 and closes on November 19, 2025, with listing on BSE expected by November 24, 2025. The promoter of the company is Pinnamaneni Estates Private Limited. The Letter of Offer is being sent only to eligible equity shareholders with an Indian address.
Existing shareholders will see significant dilution potential as the rights issue expands the share base by up to 150% (3:2 ratio). Since shares are being issued at par with no premium, the issue is dilutive without offering any upside via pricing benefit. Shareholders who do not exercise their rights entitlements risk losing value, while those who fully subscribe will maintain their proportional ownership.