TITAGARH RAIL SYSTEMS LIMITED — Board Meeting, 09-07-2025: Outcome of Board Meeting

Titagarh Rail Systems has announced a board meeting approving a fundraise via issuance of up to 21.16 lakh warrants convertible into equity shares at Rs. 945 each, totaling nearly Rs. 200 Cr. These warrants will be allotted to promoter group investors, Rashmi Chowdhary and Prithish Chowdhary. The conversion can happen within 18 months, with 25% payment upfront. The company will hold an EGM to seek shareholder approval for this preferential issue. This capital raise aims to strengthen the balance sheet and support growth initiatives.