Titagarh Rail board nod preferential issue of warrant to promoter

Titagarh Rail Systems has announced that the Board of Directors of the Company at its meeting held on July 09, 2025, have approved raising of funds through issuance of up to 21,16,402 warrants convertible into 21,16,402 Equity Shares of Face Value of Rs. 2/- each at a price of Rs. 945/- per Warrant aggregating to Rs. 199.99 Crores to the Promoter Category on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the ensuing Extra-Ordinary General Meeting and such other
permissions, sanctions and statutory approvals, as may be required.

The Extra-Ordinary General Meeting (EGM) of the shareholders of the Company will be held on August 08, 2025.

At 10.56 am, Titagarh Rail Systems was trading at Rs. 951.65, up by 1.13%, with a volume of 0.45 lakh shares on the BSE.