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Titagarh Rail Systems confirms no deviation in proceeds from Rs 199.99 crore warrant issuance
12-Aug-2026, 09:07
Titagarh Rail Systems Limited informed the BSE and NSE that there was no deviation or variation in the utilization of proceeds from the issuance of convertible warrants on a preferential basis during the quarter ended June 30, 2026. The company had raised Rs 199.99 crore through the warrants, receiving Rs 49.99 crore as upfront consideration, with the remaining 75% to be received upon conversion of warrants into equity shares.
Titagarh Rail Systems Limited informed the BSE and NSE that there was no deviation or variation in the utilization of proceeds from the issuance of convertible warrants on a preferential basis during the quarter ended June 30, 2026. The company had raised Rs 199.99 crore through the warrants, receiving Rs 49.99 crore as upfront consideration, with the remaining 75% to be received upon conversion of warrants into equity shares.