TIL Limited — Others, 24-04-2025: Shareholders meeting

TIL Limited has held an Extraordinary General Meeting (EGM) via video conference. The company proposed to increase its authorized share capital from ₹80 crores to ₹100 crores, allowing the creation of 2 crore additional equity shares of ₹10 each. Additionally, shareholders approved a capital raising plan through the issuance of 37.5 lakh warrants, convertible into equity shares at ₹160 per warrant, amounting to ₹60 crores. This strategic move aims to bolster financial resources for future growth and operational flexibility. Investor sentiment may remain positive given the capital injection, although potential dilution could be a concern.