Titagarh Rail: No Deviation in Preferential Issue Funds

Titagarh Rail Systems Ltd reports no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants for the quarter ended March 31, 2026. The funds were raised on November 4, 2025, with ₹199.99 Crores as the total issue size, of which ₹49.99 Crores was received upfront. The funds are allocated for working capital loan repayment (₹100.00 Crores), general corporate purposes (₹49.99 Crores), and reimbursement of capital expenditure (₹50.00 Crores). Care Ratings Limited is the monitoring agency.