Description

BSE lists 60,00,000 new equity shares of Titan Intech Limited issued on a preferential basis via warrant conversion, effective March 2, 2026.

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 on a preferential basis to non-promoters pursuant to conversion of warrants at an issue price of Rs. 5.50 per share (face value Re. 1/- at a premium of Rs. 4.50).

Key Points

  • 60,00,000 equity shares of Re. 1/- each issued at a premium of Rs. 4.50 (issue price Rs. 5.50/-) to non-promoters on a preferential basis
  • Issued pursuant to conversion of warrants
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 828576883 to 834576882
  • ISIN: INE807M01031
  • Date of allotment: January 24, 2026
  • Trading effective from March 2, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly allotted securities.

Compliance Requirements

Trading members are informed that these securities are now listed and eligible for trading. All 60,00,000 shares are subject to a lock-in period and may not be freely traded until the lock-in expires on October 20, 2026.

Important Dates

  • Date of Allotment: January 24, 2026
  • Trading Commencement: March 2, 2026
  • Lock-in Expiry: October 20, 2026 (for all 60,00,000 shares, Dist. Nos. 828576883 to 834576882)

Impact Assessment

The listing represents a modest expansion of Titan Intech Limited’s equity base through preferential allotment to non-promoters. The shares are subject to a lock-in until October 20, 2026, limiting near-term market liquidity impact. The issue price of Rs. 5.50 per share provides a reference point for the allotment valuation. Overall market impact is minimal as this is a company-specific capital event.

Impact Justification

Routine listing of new equity shares from preferential allotment via warrant conversion for a single company; no broad market or regulatory impact.