Titan Intech Ltd — Important, 14-08-2026: Company Update

Titan Intech Limited has released its Rights Issue utilization report for the quarter ended June 30, 2026. The report confirms that the INR 48.78 Cr. raised has been largely deployed according to the stated objectives, with no major deviations observed. The company utilized 32.89 Cr. for working capital needs, 8.54 Cr. for general corporate purposes (now completed despite prior delay), and 4.19 Cr. for issue expenses. The unutilized 3.16 Cr. earmarked for working capital is currently held in fixed deposits, with the Audit Committee expecting its swift deployment. The monitoring agency noted their review was on a best-effort basis due to delayed information submission.