Titan Intech Ltd Rights Issue for Rs.49.5 Cr
Rights Issue Filed: Titan Intech has filed with BSE
for a ₹49.5 Cr Rights Issue to strengthen working capital, scale up TitanView,
enhance financial flexibility, and tap growth in India’s electronics sector.- TitanView Portfolio Expansion: Scaling up a
diversified display product line including IFPDs, Active LED Displays and
next-gen MicroLED Displays, as part of the Make in India roadmap. - Experience Centers: New TitanView Experience Centers coming up in Noida, Mumbai, and Bengaluru to showcase immersive solutions and support enterprise and partner engagement.
- Stable Credit Outlook: Acuité Ratings has assigned a Stable Outlook to the proposed ₹50 Cr NCDs, backed by strong financials and seasoned leadership.
- EMS Project Application: Submitted for approval of a ₹550 Cr EMS project in Hyderabad and Vijayawada to drive domestic electronics manufacturing.
- Equity Warrants Allotment: Successfully issued and allotted equity share warrants to strengthen financial resources.
- Leadership Expansion: Appointed technical and professional directors, including an independent director with expertise in technology and marketing, to enhance leadership and strategic direction.
- NCD Issue: Initiated the process for issuing ₹50 crore secured, rated, and listed Non-Convertible Debentures (NCDs).
- First Work Order for Nationwide IFPD Installation: The Company has secured its first work order(sub-contract) to install 65” IFPD LCD screens in 181 CBSE schools spread across the country including Army schools, contributing to enhanced educational infrastructure.
- Global Tie-Ups: Engaged with international companies for OEM/ODM partnerships to manufacture and supply LCD and SMD LED display modules for the Indian market.
- Smart Campus Displays: Developing markets for smart campus digital displays using Mini-LED technology in sizes ranging from 110 to 220 inches. These interactive displays aim to replace traditional whiteboards, greenboards, and blackboards, with a strong focus on B2B markets and establishing a dealer-distributor network.
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