T T Limited Gets NSE Nod for ₹40 Crore Rights Issue

Mumbai, 28 May 2025, T T Limited (BSE: 514142) has received in-principle approval from the National Stock Exchange of India (NSE) to move forward with its proposed rights issue of equity shares worth up to ₹40 crore.

Rights Issue Overview

The proposed issue involves equity shares with a face value of ₹1 each. While the company has not yet disclosed the specific number of shares or the premium per share, the total fundraising will not exceed ₹40 crore. This offer will be made on a rights basis to existing eligible shareholders. Details such as the record date and entitlement ratio will be announced later.

T T Limited officially informed the Bombay Stock Exchange (BSE) about the proposal via a formal letter dated May 28, 2025, seeking approval for the rights issue.

NSE In-Principle Approval

The NSE granted its approval on May 27, 2025, subject to certain standard conditions. These include:

• Submission of the post-allotment listing application in a timely manner
• Full compliance with regulatory requirements from SEBI, RBI, MCA, and others
• Conformity with the SEBI (LODR) Regulations, 2015
• Adherence to the Companies Act, 2013 provisions
• No dematerialisation of securities, except rights entitlements, until further notice
• The issue must be opened within 12 months from the approval date

Regulatory Note

The NSE has permitted its name to be used in the company’s Letter of Offer, provided that a disclaimer is included stating that the approval should not be viewed as certification of the document’s contents or the financial viability of the issuer.

Key Entities Involved

• Lead Manager: Sumedha Fiscal Services Limited
• Registrar: Beetal Financial & Computer Services Pvt. Ltd.
• Depositories: NSDL and CDSL

This rights issue is expected to support T T Limited’s efforts to improve its capital structure and operational capacity. Additional details regarding pricing, entitlement, and timelines are awaited in subsequent filings.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e168a69-4307-4762-934f-132261892ce7.pdf