T T Limited — Important, 26-06-2025: Updates

TT Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company is launching a rights issue, offering up to 3.33 Cr equity shares at ₹12 each, aggregating to ₹40 Cr, in the ratio of 4 shares for every 27 held. Proceeds will fund replacement and addition of machinery at its Tirupur facility (₹3 Cr), brand-building (₹4 Cr), working capital (₹25 Cr), and general corporate purposes (₹4.57 Cr). The issue is on a rights basis to existing shareholders on record date. Promoters may renounce rights to third parties; minimum subscription of 90% is required or refunds will be made. Shares will only be allotted in dematerialized form.