Titan Intech Board Approves Allotment of 57,00,000 Equity Shares via Conversion of Convertible Warrants

Titan Intech Limited's Board of Directors convened a meeting on Wednesday, May 06, 2026, commencing at 3:30 P.M. and concluding at 4:30 P.M., wherein it approved the allotment of 57,00,000 (Fifty Seven Lakhs) equity shares to four public category investors through the conversion of convertible equity share warrants. The full amount on all 57,00,000 convertible equity share warrants has been received, enabling the conversion into equity shares.

Allotment Details

The board approved the preferential allotment of equity shares pursuant to the conversion of share warrants. The allotment was distributed among four investors, all classified under the public category, as detailed in the table below:

Allottee: Category Equity Shares Allotted Savitha Sundarrajan Public 3,50,000 Sivaraman Sundarrajan Public 3,50,000 Tricom Impress Private Limited Public 40,00,000 Waxwing Business Ventures Private Limited Public 10,00,000 Total 57,00,000

Tricom Impress Private Limited received the largest allocation of 40,00,000 equity shares, accounting for the majority of the total allotment. Waxwing Business Ventures Private Limited was allotted 10,00,000 equity shares, while Savitha Sundarrajan and Sivaraman Sundarrajan each received 3,50,000 equity shares.

Background and Pricing Context

The current allotment is linked to an original preferential allotment of 5,70,000 convertible equity share warrants made on November 08, 2024, at a price of Rs. 55/- per share, comprising a face value of Rs. 10/- and a premium of Rs. 45/-. The company has since reduced its face value to Rs. 1.00/-, which is the basis for the revised allotment of 57,00,000 equity shares to the investors.

Key parameters of the allotment are summarised below:

Parameter: Details Type of Securities Equity Shares allotted pursuant to conversion of share warrants Type of Issue Preferential Allotment Total Shares Allotted 57,00,000 Original Warrant Allotment Date November 08, 2024 Original Issue Price Rs. 55/- per share Original Face Value Rs. 10/- Original Premium Rs. 45/- Current Face Value Rs. 1.00/-

Regulatory Compliance

The allotment has been carried out pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The requisite details as required under the said regulations have been annexed and will be uploaded on the company's website at www.titanintech.in . The disclosure was submitted to the Listing Compliance Department of BSE Limited.

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.

Parameter: Details Total Shares Allotted: 95,00,000 Allotment Method: Conversion of Convertible Equity Share Warrants Original Issue Price: Rs 55 per share (Face Value Rs 10 + Premium Rs 45) Current Face Value: Rs 1.00

Distribution Among Allottees

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

Allottee Name: Category Shares Allotted EIRAVATHI PROPERTIES PRIVATE LIMITED: Public 50,00,000 WEAVLLITE APPARELS PRIVATE LIMITED: Public 40,00,000 PINISETTI SATYA HEMALATHA: Public 5,00,000 Total: Public 95,00,000

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.

Parameter: Details Auditor Name: M/s. Vinay Babu Gade Designation: Practicing Company Secretary Location: Hyderabad Appointment Date: April 10, 2026 Term: Financial Years 2025-26, 2026-27 Membership No.: A20592 (ICSI Associate Member)

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.

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