TT Limited (TTL) Announces ₹40 Crore Rights Issue and New Company Secretary
By Shishta Dutta | Updated at: Jun 18, 2025 01:30 PM IST
June 18, 2025 : TT Limited (NSE: TTL, BSE: 514142), a prominent Indian textile and apparel company, today announced key decisions from its Board of Directors meeting, including a ₹40 crore rights issue and the appointment of a new Company Secretary.
The Board has approved a rights issue of 3,33,30,444 fully paid-up equity shares at a face value of ₹1 each, with a premium of ₹11 per share. The total issue size shall not exceed ₹4,000 lakh and the payment is to be made in full on application, with ₹12 payable per rights equity share.
Rights Issue Details
| Particulars | Details |
|---|---|
| Total Issue Size | ₹4,000 lakh (assuming full subscription) |
| Issue Price | ₹12 per share (₹1 face value + ₹11 premium) |
| Number of Shares Offered | 3,33,30,444 equity shares |
| Record Date | July 4, 2025 |
| Rights Entitlement Ratio | 4 rights shares for every 27 held |
| Pre-Issue Outstanding Equity | 22,49,80,500 shares |
| Post-Issue Outstanding Equity (est.) | 25,83,10,944 shares |
| ISIN for Rights Entitlement | INE592B20016 |
Rights Issue Timeline
| Event | Date |
|---|---|
| Issue Opening | July 17, 2025 |
| Last Date for Market Renunciation | July 25, 2025 |
| Issue Closing | July 31, 2025 |
Regulatory Compliance
The company confirmed compliance with SEBI regulations, including arrangements with NSDL and CDSL for crediting rights entitlements to eligible shareholders in demat form, per SEBI Master Circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.
Leadership Update
In a significant leadership change, Mr. Rahul Maurya (ACS: 73819) has been appointed as the Company Secretary and Compliance Officer, effective June 18, 2025. This appointment aligns with Section 203 of the Companies Act, 2023, and Regulation 6 of SEBI (LODR) Regulations, 2015. The company has already notified the exchanges regarding the corresponding resignation and change in this key role.
How Did Investors React?
At around 12:40 PM, the shares of TTL Limited were trading at ₹15.38, up by ₹0.36 or 2.40%. It remains to be seen at what price the shares close at the end of today’s trading session.
About TTL Limited
TT Limited is a listed textile and apparel company on both NSE and BSE, primarily engaged in the manufacturing and export of cotton yarn, knitted fabrics, and garments. With a vertically integrated model and pan-India presence, TTL has positioned itself as a longstanding player in the Indian textile industry.
REF: https://nsearchives.nseindia.com/corporate/TTL_18062025115225_Outcome_of_Board_Meeting_Rights_Approval.pdf
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