TITAGARH RAIL SYSTEMS LIMITED — Others, 30-07-2025: Corrigendum

Titagarh Rail Systems has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, following stock exchange observations. The company proposes to issue up to 21.12 lakh fully convertible warrants to its Promoter Group at Rs. 947 per warrant, aiming to raise up to Rs. 199.99 Cr. Each warrant converts into one equity share within 18 months. A significant portion of these funds, Rs. 50 Cr, is planned for reimbursing capital expenditure for land acquisition in West Bengal. This preferential issue, if approved by shareholders at the upcoming EGM, will increase the Promoter Group's shareholding from 40.46% to 41.38%.