Titan Intech Ltd — Important, 11-02-2026: Company Update
11-02-2026 | 05:56 pm
11-02-2026 | 05:56 pm
Titan Intech Limited has submitted its Monitoring Agency Report regarding the utilization of Rights Issue proceeds. The report confirms that the net proceeds of INR 44.59 crore are being used as per the stated objectives, with no deviations observed. The company has utilized INR 14.09 crore for working capital and general corporate purposes. The remaining INR 30.50 crore of unutilized funds are currently deployed in fixed deposits. This report provides assurance to shareholders that the funds raised are being managed diligently and in line with business objectives.
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