Titan Company Limited — Others, 28-05-2025: NOC for refund of REF

Titan Company has announced a board meeting to consider the financial results for the quarter and half-year. The debenture trustee for Titan’s 7.75% unsecured redeemable NCDs under Series 1 has issued a no-objection certificate for partial release of the recovery expense fund, following full repayment of these NCDs. All payments to debenture holders are complete with no defaults on listed debt securities. The recovery expense fund for Series 2 NCDs remains unchanged, highlighting the company’s strong debt servicing and supporting its creditworthiness.