TITAGARH RAIL SYSTEMS LIMITED — QIP/Rights/Pref., 09-07-2025: Issue of Securities

Titagarh Rail Systems has announced a board meeting on 9th July 2025 approving a preferential issue of up to 21,16,402 warrants convertible into equity shares at Rs. 945 each, aiming to raise about Rs. 199.99 Cr from promoters Rashmi Chowdhary and Prithish Chowdhary. Each warrant is convertible into one equity share within 18 months. An EGM is scheduled on 8th August 2025 to seek shareholder approval. The proceeds are intended to support the company’s strategic financial needs.