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.