TIL Limited — Others, 11-04-2025: Corrigendum

TIL Limited has announced a board meeting on 24th April 2025 to address two key items: increasing the authorized share capital and approving a capital raising initiative by issuing warrants convertible into equity shares on a preferential basis. The company aims to raise up to ₹60 crore through this issue, specifically targeting Promoter Indocrest Defence Solutions Private Limited. The funds will primarily support growth initiatives, including capital expenditures and working capital requirements. This issuance may enhance liquidity and investor confidence, contingent on achieving the outlined growth strategy, while maintaining the company’s current management structure.