Titan Intech Allots 51.5L Equity Shares via Warrant Conversion

Titan Intech Limited has completed the allotment of 51,50,000 equity shares to Nadem Township Private Limited through the conversion of convertible equity share warrants. The Board of Directors approved this transaction during their meeting held on December 27, 2025, which commenced at 11:30 A.M. and concluded at 1:00 P.M.

Board Meeting Outcomes

The company's Board of Directors approved the allotment of equity shares by way of conversion of convertible equity share warrants. The decision was made after receiving the full amount for all 51,50,000 convertible equity share warrants from Nadem Township Private Limited.

Allotment Details

The share conversion details highlight the impact of the company's face value reduction on the allotment structure:

Parameter	Details
Total Shares Allotted	51,50,000 equity shares
Allottee	Nadem Township Private Limited
Allottee Category	Public
Type of Issue	Preferential Allotment
Conversion Status	Full amount received

Face Value Impact

The allotment structure reflects a significant change in the company's share denomination. Originally, the preferential allotment involved 5,15,000 convertible equity share warrants at ₹55.00 per share, with a face value of ₹10.00 and premium of ₹45.00. However, due to the face value reduction to ₹1.00, the company is now allotting 51,50,000 equity shares to maintain the same investment value for the investor.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under the listing regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Corporate Structure

Titan Intech Limited, incorporated under CIN L72200AP1984PLC004380, has completed this conversion process as part of its capital structure management. The conversion represents the fulfillment of the warrant holders' rights to convert their instruments into equity shares of the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.12%	+2.15%	+3.04%	+13.22%	+19.04%	+166.86%

Titan Company Limited shares surged over 2.50% intraday on Friday to touch a new 52-week high of ₹4,008.00 following the formal announcement of its first lab-grown diamond retail store launch. The company will open its inaugural beYon store in Mumbai on December 29, marking a strategic entry into the sustainable luxury jewelry segment beyond traditional categories like watches, perfumes, sarees, and handbags.

Stock Performance and Market Reaction

The market responded positively to Titan's beYon brand announcement, with shares trading 2.00% higher at ₹3,987.15 around 2 pm on BSE. The stock's strong performance reflects investor confidence in the company's diversification strategy:

Performance Period:	Return (%)
1-Year Return:	+20.24%
Year-to-Date:	+22.70%
6-Month Return:	+8.08%
3-Month Return:	+20.00%
1-Month Return:	+2.46%

Store Launch and Expansion Strategy

The exclusive retail store launch represents Titan's commitment to the lab-grown diamond market with concrete expansion plans. According to the company's exchange filing, beYon is designed to cater to contemporary lifestyle needs of women by offering a curated portfolio that includes lab-grown diamond jewelry, sarees, perfumes, and handbags:

Launch Details:	Information
Store Opening Date:	December 29
Location:	Mumbai
Brand Name:	beYon - From the House of Titan
Expansion Plans:	Additional stores in Mumbai and Delhi
Target Category:	Women's lifestyle adornment

Strategic Shift in Management Approach

The store opening represents a dramatic evolution in Titan's stance on lab-grown diamonds. During Q2FY25, the management had stated there were no inquiries for lab-grown diamonds, with majority demand coming from the sub-₹1.00 lakh segment. The company had initially planned to introduce lab-grown diamond offerings through its Caratlane brand. However, management commentary evolved significantly, acknowledging growing interest in the space and noting that "the most accomplished diamond buyer is playing with LGDs (lab-grown diamonds)".

Strong Financial Performance Backdrop

The brand launch comes amid robust financial results for Titan. The company's recent quarterly performance demonstrates strong momentum across its business segments:

Financial Metric:	Q2 Current	Q2 Previous	Growth (%)
Net Profit:	₹1,120.00 cr	₹704.00 cr	+59.10%
Jewelry Business Revenue:	₹16,522.00 cr	-	+29.30%
Domestic Business Revenue:	₹12,460.00 cr	-	+18.00%

Market Positioning and Product Strategy

beYon will offer a curated range of jewelry made from lab-grown diamonds, catering to consumers seeking sustainable and ethically sourced alternatives to mined diamonds. Lab-grown diamonds provide similar physical and chemical properties to natural diamonds while offering cost advantages, allowing Titan to serve a broader customer base seeking premium diamond jewelry at accessible price points. The brand specifically targets women's lifestyle categories, expanding beyond the company's traditional product segments and reflecting steady buying interest ahead of the retail debut.