SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

T T informs about lapse & forfeiture of convertible warrants

16 Jun 2026 Evaluate
T T has informed that in furtherance of the earlier intimations given by the Company on October 24, 2024 (Preferential Issue), December 16, 2024 (Outcome of Board Meeting), the Company had approved 8,00,000 convertible warrants to non-promoter category, on preferential basis, for an issue price of ?122 per warrant (including face value of ?10 each), for an amount aggregating to ? 97600000 (?9.76 Crore). In accordance with the terms of issue and Regulation 162 of the SEBI ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, on or before 15th June, 2026.Since, the Company has not received the balance 75% consideration from the warrant holders within the stipulated timeline, accordingly, the outstanding warrants have lapsed upon expiry of the exercise period, on 15th June, 2026. Consequently, with effect from 16th June, 2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to ?2,44,00,000 (?2.44 Crore) stands forfeited, in line with Regulation 169(3) of Chapter V of the SEBI ICDR Regulations. Consequent to the lapse of the aforesaid warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the Company. There will be no change in the paid-up share capital of the Company, and the amount forfeited pursuant to such lapse shall be retained by the Company and accounted for in accordance with the applicable accounting standards.

The above information is a part of company’s filings submitted to BSE.

T.T. Share Price

6.76 -0.07 (-1.02%)
16-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 145.75
Vardhman Textiles 630.50
Arvind 496.65
K.P.R. Mill 1054.50
Page Industries 39072.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: