TIL Limited — Others, 01-04-2025: Shareholders meeting

TIL Limited is set to increase its authorized share capital from ₹80 crore to ₹100 crore by creating an additional 2 crore equity shares of ₹10 each. This move aims to facilitate future growth and funding for the company's expansions. Concurrently, the company plans to raise up to ₹60 crore through a preferential issue of 37,50,000 warrants, convertible into equity shares at ₹160 each. Indocrest Defense Solutions, the promoter, will be the recipient of this allotment, increasing its stake from 68.43% to 70.11%. This strategic capital raise is likely to enhance investor sentiment, reflecting strong growth prospects.