Description

BSE notifies listing and trading permission for 1,30,00,000 new equity shares of Titan Intech Limited, issued to promoters on a preferential basis via conversion of warrants, effective April 17, 2026.

Summary

BSE has notified trading members that 1,30,00,000 (1.3 crore) new equity shares of Titan Intech Limited (Scrip Code: 521005) have been listed and are permitted to trade on the Exchange effective Friday, April 17, 2026. These shares were issued to promoters on a preferential basis pursuant to the conversion of warrants, at an issue price of Rs. 5.50 per share (face value Re. 1/- plus a premium of Rs. 4.50/-).

Key Points

  • 1,30,00,000 equity shares of Re. 1/- each issued at a premium of Rs. 4.50/- (total issue price Rs. 5.50/-) to Promoters on a preferential basis via conversion of warrants
  • Shares rank pari-passu with existing equity shares of the company
  • Distribution Numbers: 834576883 to 847576882
  • Date of Allotment: 12/03/2026
  • ISIN: INE807M01031
  • Shares are subject to lock-in until 20/12/2027
  • Trading permitted from Friday, April 17, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notice pursuant to an approved preferential allotment and warrant conversion under applicable SEBI regulations.

Compliance Requirements

  • Trading members are informed to update their systems to permit trading of the new securities from April 17, 2026
  • The 1,30,00,000 shares under lock-in (Dist. Nos. 834576883–847576882) are locked in until 20/12/2027 and cannot be traded during this period
  • Company and depositories must ensure ISIN INE807M01031 reflects the updated share capital

Important Dates

  • Date of Allotment: 12 March 2026
  • Trading Commencement: 17 April 2026 (Friday)
  • Lock-in Expiry: 20 December 2027

Impact Assessment

The listing of 1.3 crore new shares represents a dilution of existing shareholders’ equity in Titan Intech Limited. Since the shares are allotted to promoters at Rs. 5.50/- per share, this strengthens promoter holding. The lock-in period extending to December 2027 means these shares will not be available for trading in the near term, limiting immediate selling pressure. The impact is moderate and primarily relevant to existing shareholders and prospective investors monitoring promoter shareholding patterns.

Impact Justification

Routine listing of new equity shares issued via preferential allotment to promoters through warrant conversion. Increases promoter holding with a lock-in until December 2027, diluting existing shareholders. No broad market impact but relevant to existing Titan Intech investors.