TIL Limited filed a regulatory disclosure confirming no deviation in utilization of ₹60 crore funds raised through warrant conversion.
The company raised funds through allotment of 37.5 lakh equity shares from warrant conversion on January 28, 2026.
Funds were utilized exactly as per original objects: ₹36 crore for capex, ₹12 crore for working capital, and ₹12 crore for corporate purposes.
This compliance statement was filed pursuant to SEBI Listing Regulations and Circular CIR/CFD/CMD1/162/2019.