Description

TITAN INTECH LIMITED has set Record Date of October 31, 2025 for Rights Issue offering 3 equity shares for every 2 shares held at Re. 1/- per share.

Summary

TITAN INTECH LIMITED (BSE Code: 521005) has announced a Rights Issue with Record Date set as October 31, 2025. The company is offering 3 equity shares of Re. 1/- each for every 2 equity shares held by existing shareholders. Trading in the company’s shares will be on Ex-Rights basis from October 31, 2025 (Settlement No. DR-747/2025-2026).

Key Points

  • Company: TITAN INTECH LIMITED (BSE Code: 521005)
  • Rights ratio: 3 new equity shares for every 2 existing shares held
  • Face value: Re. 1/- per share
  • Issue price: Re. 1/- per share (at par)
  • Issue type: Cash payment required
  • Record Date: October 31, 2025
  • Ex-Rights date: October 31, 2025
  • Settlement number: DR-747/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must execute all transactions in TITAN INTECH LIMITED shares on Ex-Rights basis from October 31, 2025
  • Shareholders must hold shares as of Record Date (October 31, 2025) to be eligible for rights entitlement
  • Full payment of Re. 1/- per share is required on application

Important Dates

  • October 28, 2025: Circular notice date
  • October 31, 2025: Record Date for Rights Issue eligibility
  • October 31, 2025: Ex-Rights trading begins (Settlement DR-747/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders will have the opportunity to subscribe to 3 new shares for every 2 shares held, representing a 150% rights offering. This is a significant dilution event for non-participating shareholders.

Market Impact: The stock will trade ex-rights from October 31, 2025, likely resulting in a price adjustment to reflect the rights offering value. Investors purchasing shares on or after this date will not be entitled to participate in the rights issue.

Trading Impact: The 3:2 ratio indicates substantial capital raising activity, which may impact stock liquidity and price dynamics during the ex-rights period.

Impact Justification

Standard rights issue announcement affecting existing shareholders of TITAN INTECH LIMITED with moderate dilution ratio of 3:2