Titan Intech Ltd — Important, 15-05-2026: Company Update

Titan Intech has submitted its Monitoring Agency Report for the Rights Issue proceeds utilization for the quarter ended March 31, 2026. The report, from Acuité Ratings and Research, confirms the funds are being used as per the stated objectives with no deviations. Out of INR 48.78 Crs raised, INR 25.01 Crs have been utilized. However, the agency noted delays in fully deploying funds for Working Capital and General Corporate Purposes, originally targeted by March 31, 2026. The company states these funds will be utilized shortly, with the remaining INR 23.77 Crs currently held in fixed deposits.