TIL Limited — Others, 25-04-2025: Shareholders meeting

TIL Limited has announced the outcomes from the Extraordinary General Meeting, where two key resolutions were approved by shareholders. Firstly, the authorized share capital will be increased from ₹80 Crore to ₹100 Crore, enabling the issuance of 2 Crore additional equity shares. Secondly, the company secured shareholder approval for a preferential allotment of warrants convertible into equity shares, raising up to ₹60 Crore through these warrants priced at ₹160 each. This strategic move may enhance liquidity and bolster the company’s growth initiatives, with a generally favorable outlook for investor sentiment.