Submission of intimation in continuation of our earlier intimation dated June 16, 2026 for forfeture of 8,00,000 coinvertible warrents and application money already paid 25% of issue price ....
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 Aug 2026, 07:22 PM IST · BSE ID: 02070ac4-ec8f-4d30-af5c-654c066ccc03
View Original BSE Filing (PDF)
💡
In Simple Terms
The company kept Rs. 2.44 crore from cancelled warrants because the buyers didn't pay the full amount on time.
🤖 AI Summary
- T T Limited forfeits Rs. 2,44,00,000 from 8,00,000 cancelled convertible warrants.
- Warrants lapsed as holders failed to pay the balance 75% issue price by June 15, 2026.
- Board approved un-audited financial results for the quarter ended June 30, 2026.
- Resignation of Company Secretary accepted; Mr. Shivam Sharma appointed new CS.
- No change in the company's paid-up equity share capital is recorded.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Forfeited amount from convertible warrants
Rs. 2,44,00,000
Number of cancelled convertible warrants
8,00,000
Issue price per warrant
Rs. 122/-
Total issue price of warrants
Rs. 9,76,00,000/-
Upfront subscription amount paid (25%)
Rs. 2,44,00,000/-
🏢 How This Affects the Company
The cancellation of warrants means potential future equity dilution will not occur for this tranche.
The company retains Rs. 2,44,00,000, increasing its cash reserves. There is no change to paid-up equity share capital.
The administrative process of warrant cancellation is now completed. A new Company Secretary has been appointed.
The forfeiture confirms the company's adherence to terms for preferential issues and SEBI ICDR Regulations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding the warrant forfeiture or financial results approval.
👤
Who Is Affected
Shareholders are affected by the confirmation of no change in paid-up equity share capital post-warrant lapse.
🔍
Management Signal
The management signals adherence to contractual terms and regulatory compliance by enforcing warrant forfeiture.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results to assess business performance.
Future announcements on equity fundraising or capital allocation strategies.
Confirmation of Company Secretary's ongoing role and compliance activities.
LOW RISK
The event concerns routine financial and corporate governance matters as per SEBI regulations.
💡 Investor Takeaway
T T Limited forfeited Rs. 2,44,00,000 from 8,00,000 convertible warrants due to non-exercise. Un-audited financials for Q1 FY27 were approved, and a new Company Secretary appointed.
⚖️ Strengths & Concerns
✅ Positives
- Company successfully retained Rs. 2,44,00,000, increasing cash by enforcing issue terms.
- Appointment of a new Company Secretary ensures continued compliance and governance standards.
⚠️ Concerns
- Failure of warrant holders to convert indicates potential lack of investor confidence in exercising options.
- The company's un-audited financial results for Q1 FY27 were approved, but specific performance metrics are not detailed here.
❓ Frequently Asked Questions
What is the total amount forfeited by T T Limited from convertible warrants?
T T Limited forfeited Rs. 2,44,00,000/- from 8,00,000 cancelled convertible warrants.
Why were the convertible warrants of T T Limited cancelled?
The warrants were cancelled as holders failed to pay the balance 75% of the issue price by the June 15, 2026 deadline.
What is the impact of warrant forfeiture on T T Limited's share capital?
There shall be no change in the paid-up equity share capital of T T Limited consequent to the cancellation of these warrants.
What financial results did T T Limited's Board approve?
The Board approved the un-audited Financial Results for the Quarter ended on June 30, 2026.
Who has been appointed as the new Company Secretary of T T Limited?
Mr. Shivam Sharma has been appointed as the Company Secretary & Compliance Officer of T T Limited, effective August 06, 2026.
Questions based on this BSE filing only. For information purposes.