Description

BSE notifies listing of 60 lakh new equity shares of Titan Intech Limited effective March 2, 2026, issued on preferential basis to non-promoters pursuant to conversion of warrants at Rs. 5.50 per share.

Summary

BSE has notified trading members that 60,00,000 new equity shares of Titan Intech Limited (Scrip Code: 521005) are listed and permitted to trade on the Exchange with effect from Monday, March 2, 2026. The shares were issued to non-promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 5.50 per share (face value Re. 1/- each, premium Rs. 4.50).

Key Points

  • 60,00,000 equity shares of face value Re. 1/- each issued at a premium of Rs. 4.50 per share (issue price Rs. 5.50/-)
  • Issued to non-promoters on a preferential basis via conversion of warrants
  • Shares rank pari-passu with existing equity shares of the company
  • Distribution numbers: 828576883 to 834576882
  • Date of allotment: January 24, 2026
  • ISIN: INE807M01031
  • All 60,00,000 shares are subject to lock-in until October 20, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notification under BSE’s framework for new securities admitted to trading.

Compliance Requirements

  • Trading members are informed to update their systems to permit trading in these new securities from March 2, 2026
  • Lock-in restrictions on all 60,00,000 shares must be observed until October 20, 2026; these shares cannot be traded until the lock-in period expires

Important Dates

  • Date of Allotment: January 24, 2026
  • Listing / Trading Commencement Date: March 2, 2026 (Monday)
  • Lock-in Expiry Date: October 20, 2026

Impact Assessment

The listing of 60 lakh new equity shares will result in dilution of existing shareholders’ stake in Titan Intech Limited. However, since all newly listed shares are under lock-in until October 20, 2026, there will be no immediate additional supply in the open market. The preferential allotment to non-promoters via warrant conversion signals capital raising activity by the company. Market impact is expected to be limited and company-specific.

Impact Justification

Routine preferential allotment listing with lock-in; affects existing shareholders via dilution but is company-specific with no broader market impact.