Bengaluru, July 11, 2025: Titagarh Rail Systems Limited has announced plans to raise ~₹200 crore through a preferential allotment of 21,16,402 convertible warrants to members of its Promoter Group. The Board of Directors approved the proposal at its meeting held on 9 July 2025, subject to requisite approvals.

Fund raising details:

Titagarh will issue 21,16,402 warrants, each convertible into one equity share of face value ₹2, at a floor price of ₹945 per warrant. The entire issue, aggregating ~₹200 crore, is being made to members of Promoter Group – Mrs. Rashmi Chowdhary and Mr. Prithish Chowdhary on a preferential basis in accordance with Chapter V of the SEBI ICDR Regulations.

Key terms:

·         Issue size: 21,16,402 warrants amounting to ₹199,99,99,890.

·         Warrant exercise price: ₹945 per warrant

·         Deposit amount: 25% on application; balance 75% on conversion

·         Conversion period: Within 18 months from allotment

Post‐Issue Shareholding Impact

*Post‐conversion shareholding percentage

Purpose of Funds

Proceeds from the issue will be deployed for various purposes including the following:

·         Planned investment in state-of-the art plant and machinery

·         Support working capital to enhance chances of new order wins

·         Invest in technology and automation for future‐ready rail solutions

·         Other permissible general corporate and administrative purposes

Extraordinary General Meeting

The post Titagarh Rail Systems Limited to raise Funds through Preferential Issue of Warrants Company to Raise ~₹200 crore through Members of Promoter Group appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The fund will be managed by the National Health Mission (NHM), National Center for Disease Control (NCDC) and Indian Council of Medical Research (ICMR) under the Ministry of Health and Family Welfare and will cover all states and union territories (UTs).

It will address the needs of infected people, at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health agencies.

The fund will be utilised for procurement of testing kits, setting up of new isolation wards–including turning hospital beds into intensive care unit beds–infection prevention and control, and purchase of personal protective equipment, ventilators, and medicines, particularly for district hospitals and designated infectious disease hospitals.

The project will immediately enable the government of India to scale-up efforts to limit human-to-human transmission, including reducing local transmission of cases and containing the epidemic from progressing further,” the World Bank said in a statement.

“In parallel, interventions to strengthen the health system will be rolled out to improve the country’s capacity to respond to the covid-19 epidemic and be better prepared to respond to emerging disease outbreaks, including transmission between humans and animals,” the international body added.

India has imposed a 21-day nationwide lockdown till 14 April to limit the spread of coronavirus.
World Bank Country Director for India Junaid Ahmad said the Bank is working closely with the Indian government to provide urgent and flexible support to the country as it fights the spread of covid-19.

“This operation is expected to enhance surveillance capacities, strengthen diagnostic systems, and expand the capacity of laboratories. But, covid-19 is not only a health challenge. It has deep social and economic implications. In parallel, we are working with equal urgency with government on social protection programs and economic measures that protect the livelihoods of people,” Ahmad said.

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Government will infuse ₹10000 crore in the fund while the remaining ₹15000 crore will be contributed by State Bank of India, LIC and other financial institutions. The fund will help incomplete housing projects of less than ₹Two crores per unit in Mumbai, ₹One and half crores per unit in other metros including national capital region (NCR) and ₹One crore per unit in other parts of the country get ready for move-in.

“We welcome the announcement by the Finance Minister to set up a `Special Window` in the form of AIF and dedicate a fund of 25,000 crore for the completion of stalled housing projects. The move is expected to create an avenue of relief to homebuyers and the developers in the sector. The specific fund is expected to revive 80% of the real estate projects. This action by the government will induce cash flow in the system and kick start the revival process. This decision will not only help in completing the stuck projects in this sector, but will also regain the confidence of buyers to invest in real estate. The benefit will surely be felt in NCR and Mumbai region.” – Ashish Sarin, CEO, AlphaCorp 

Falling prices, shrinking sales and piling inventory have collectively created hurdles before the developers. Situation was worsening as the fear of default made financial bodies reluctant to lend for these projects. The consequent slump in the construction affected current jobs and future job prospects. The move would help generate considerable employment opportunities.

In an another relief, the industry players facing insolvency proceedings are allowed to avail funds, who were earlier debarred from the September package. The fund will also be available for projects declared defaulters. All these inclusion will collectively improve market sentiments for the real estate sector.

But, to avail the benefits of the fund the projects need to be registered in RERA (Real Estate Regulation and Development Act). Besides, they should have a positive net worth. Projects declared an NPA or are before the NCLT but not asked for liquidation will also get benefits. Financially viable projects lacking funds will be at the core and will get benefits from the allocation.

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