Titan Intech Limited announced significant corporate developments following its Board meeting held on April 10, 2026. The company completed a major equity allotment and made key appointments to strengthen its governance structure.

Equity Share Allotment Through Warrant Conversion

The Board approved the allotment of 95,00,000 equity shares through conversion of convertible equity share warrants. The allotment was completed after receiving the full amount for all 95,00,000 convertible equity share warrants.

Distribution Among Allottees

The equity shares were distributed among three entities, all classified under the public category:

The preferential allotment represents a conversion of previously issued convertible equity share warrants. The company noted that due to a face value reduction to Rs 1.00, the full 95,00,000 equity shares were allotted to the investors.

Secretarial Auditor Appointment

The Board also approved the appointment of M/s. Vinay Babu Gade as the company's Secretarial Auditor for the financial years 2025-26 and 2026-27.

Mr. Vinay Babu Gade brings relevant qualifications and experience in secretarial audit, corporate law, and listing regulations to his new role. His appointment strengthens the company's compliance framework and governance structure.

Board Meeting Details

The Board meeting was conducted on Friday, April 10, 2026, commencing at 4:30 PM and concluding at 6:15 PM. All decisions were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The company has committed to uploading detailed annexures on its website at www.titanintech.in for stakeholder reference.

Titan Intech Limited's Board of Directors has approved a significant equity allotment through the conversion of convertible warrants, marking an important corporate development for the technology company. The board meeting held on March 12, 2026, concluded the conversion process that had been initiated through earlier warrant issuances.

Board Meeting Outcomes

The Board of Directors meeting commenced at 2:30 P.M. and concluded at 3:45 P.M. on March 12, 2026. The primary agenda item involved the approval of equity share allotment through conversion of convertible equity share warrants. The company received full payment for the warrants, enabling the completion of the conversion process.

Equity Share Allotment Details

The conversion resulted in the allotment of 1,30,00,000 equity shares to Pinnamaneni Estates Private Limited. This substantial allotment represents the conversion of convertible equity share warrants into regular equity shares following receipt of the complete warrant amount.

Warrant Conversion Mechanics

The original preferential allotment involved 13,00,000 convertible equity share warrants issued at Rs. 55 per share, comprising a face value of Rs. 10 and premium of Rs. 45. However, due to a subsequent face value reduction to Rs. 1.00, the company allotted 1,30,00,000 equity shares to maintain the same investment value for the warrant holder.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements under the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Detailed annexures containing comprehensive information about the allotment have been made available on the company's website.

Corporate Structure Impact

The conversion represents a significant addition to Titan Intech Limited's equity base, with Pinnamaneni Estates Private Limited, classified as a promoter entity, receiving the entire allotment. This conversion strengthens the promoter's equity stake in the company while providing the necessary capital infusion through the warrant conversion process.