Titan Intech Rights Issue Proceeds Utilized as per Offer Document

Acuité Ratings and Research Limited, the Monitoring Agency, reported on May 15, 2026, that Titan Intech Limited's utilization of proceeds from its Rights Issue for the quarter ended March 31, 2026, is in line with the objectives stated in the Offer Document. The report indicates no deviations or variations from the disclosed objectives and confirms the company's disciplined approach to fund deployment and monitoring, adhering to regulatory requirements and business objectives. The Rights Issue, which took place from November 10, 2025, to November 19, 2025, involved the issuance of 48,78,22,972 equity shares at ₹1.00 per share, raising ₹48.78 Crs.