Description

TITAN INTECH LIMITED has fixed the record date for rights issue offering 3 equity shares for every 2 shares held at Re.1/- per share, with ex-rights trading effective October 31, 2025.

Summary

TITAN INTECH LIMITED (BSE Code: 521005) has announced a rights issue of equity shares with the record date set for October 31, 2025. The company is offering 3 new equity shares of Re.1/- each for every 2 equity shares held by existing shareholders. Trading in the company’s equity shares will be conducted on an ex-rights basis effective October 31, 2025 in the dematerialised securities rolling settlement segment.

Key Points

  • Company: TITAN INTECH LIMITED (BSE Code: 521005)
  • Rights ratio: 3 equity shares for every 2 shares held
  • Face value: Re.1/- per share
  • Issue price: Re.1/- per share (at par)
  • Record date: October 31, 2025
  • Ex-rights date: October 31, 2025
  • Settlement number: DR-747/2025-2026
  • Payment terms: Full issue price of Re.1/- per share payable on application
  • Segment: Dematerialised securities - rolling settlement

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action circular notifying trading members of the ex-rights date for TITAN INTECH LIMITED’s rights issue.

Compliance Requirements

  • Trading members must ensure all transactions in TITAN INTECH LIMITED equity shares are executed on ex-rights basis from October 31, 2025
  • Trading members are required to take note of the record date and ex-rights date for proper settlement
  • Applicable to dematerialised securities in the rolling settlement segment

Important Dates

  • October 28, 2025: Circular issue date (Notice No. 20251028-15)
  • October 31, 2025: Record date for determining rights issue eligibility
  • October 31, 2025: Ex-rights trading commences (Settlement No. DR-747/2025-2026)

Impact Assessment

Market Impact: Medium - Existing shareholders of TITAN INTECH LIMITED will see their holdings potentially diluted unless they participate in the rights issue. The 3:2 rights ratio represents a significant dilution factor if not subscribed.

Shareholder Impact: Existing shareholders must decide whether to subscribe to the rights issue by the application deadline. Full payment of Re.1/- per share is required at the time of application.

Trading Impact: From October 31, 2025, the stock will trade ex-rights, meaning new buyers after this date will not be entitled to participate in the rights issue. This may affect short-term price movements and trading volumes.

Impact Justification

Standard corporate action affecting existing shareholders of TITAN INTECH LIMITED through rights issue with 3:2 ratio