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.

Titan Intech Limited has successfully completed its postal ballot process and announced the detailed voting results for the appointment of three Independent Directors, demonstrating strong shareholder confidence with overwhelming approval rates exceeding 98% for all resolutions.

Postal Ballot Process and Timeline

The remote e-voting period commenced on Wednesday, January 28, 2026 (9:00 A.M. IST) and concluded on Thursday, February 26, 2026 (5:00 P.M. IST). The postal ballot was conducted exclusively through electronic mode pursuant to MCA circulars, with the cut-off date set as Friday, January 23, 2026.

Voting Results Summary

All three resolutions for the appointment of Independent Directors received exceptional shareholder support, with approval rates ranging from 98.12% to 98.18%. The voting results demonstrate strong confidence in the company's board composition strategy.

Director Appointment Details

Each of the three directors will serve as Independent Directors for a term of up to 5 consecutive years, effective from February 26, 2026 to February 25, 2031, and shall not be liable to retire by rotation. All directors were initially appointed as Additional Directors pursuant to Section 161 of the Companies Act and have submitted declarations meeting independence criteria.

Regulatory Compliance

Company Secretary Mangala Sachin Savla communicated the results to BSE Limited's Listing Compliance Department pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed voting results and scrutinizer's report have been hosted on the company's website at www.titanintech.in , ensuring complete transparency and regulatory compliance.

The successful completion of this postal ballot process strengthens Titan Intech Limited's corporate governance framework and demonstrates strong shareholder alignment with the company's strategic direction.