Titagarh Rail Systems: Monitoring Agency Report for Q2 2026
Titagarh Rail Systems Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings Limited. The report pertains to the utilization of proceeds from a Preferential Issue of 21,111,932 Convertible Warrants, which raised Rs. 199.99 crores. The report confirms no deviation from the stated objects of the issue. The funds were raised for working capital and general corporate purposes. The monitoring agency's report is based on information provided by the issuer and does not constitute an audit.
Key Highlights
- Monitoring Agency Report for Q2 2026 submitted by CARE Ratings.
- Report covers utilization of Rs. 199.99 crore from Preferential Issue.
- No deviation observed in the utilization of funds from stated objects.
- Funds allocated for working capital and general corporate purposes.
- Report confirms compliance with SEBI (Listing Obligations) Regulations, 2015.
Price Impact
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