Description
TITAN INTECH LIMITED lists 4.5 million equity shares issued at Rs. 5.50 on preferential basis pursuant to conversion of warrants, effective October 28, 2025.
Summary
BSE has approved the listing of 4,500,000 equity shares of TITAN INTECH LIMITED (Scrip Code: 521005) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on October 28, 2025, with a lock-in period until July 20, 2026.
Key Points
- 4.5 million equity shares of face value Rs. 1.00 each issued at premium of Rs. 4.50
- Issue price: Rs. 5.50 per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- ISIN: INE807M01031
- Distinctive Numbers: 323103911 to 327603910
- Date of allotment: September 13, 2025
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the listing of these new securities
- All 4.5 million shares are subject to lock-in restrictions
- Lock-in period must be respected until the specified expiry date
Important Dates
- Allotment Date: September 13, 2025
- Trading Commencement: October 28, 2025 (Tuesday)
- Lock-in Expiry: July 20, 2026
- Circular Date: October 27, 2025
Impact Assessment
This is a routine listing notification with minimal market impact. The preferential allotment to non-promoters represents warrant conversion, indicating successful capital raising activity. The 9-month lock-in period provides stability by preventing immediate sale of these shares. The issue represents additional equity capital for TITAN INTECH LIMITED at Rs. 5.50 per share, which includes a premium of Rs. 4.50 over face value. Trading members should update their systems to reflect the expanded share capital and distinctive number ranges.
Impact Justification
Routine listing of equity shares from warrant conversion with standard lock-in requirements. Limited market impact given relatively small issuance to non-promoters.