TITAGARH RAIL SYSTEMS LIMITED — Updates, 10-07-2025: Press Release

Titagarh Rail Systems has announced a fundraise of ~₹200 crore via preferential allotment of 21.16 lakh convertible warrants to promoter group members. Proceeds will fund capacity expansion, technology upgrades, and working capital to boost new order wins. Post-issue, promoter shareholding will increase modestly. This capital infusion supports Titagarh’s growth in freight and passenger rolling stock amid rising demand, reinforcing promoter confidence and strategic positioning in rail mobility solutions. An EGM will be held to approve the issue.