On December 27, 2023, Titan Intech Limited closed the transaction. The company allotted 9,026,000 convertible equity share warrants at an issue price of INR 13 per warrant for gross proceeds of INR 117,338,000. TThe transaction will include participation from returning investor, Pinnamaneni Estates Private Limited for 16,00,000 warrants, new investors, Ashok Dilipkumar Jain for 6,90,000 warrants, Kajal Ashok Jain for 4,23,000 warrants, Ravi Ashok Kothari for 1,95,000 warrants, Dilip Keshrimal Sanklecha for 1,05,000 warrants, Kavita Ramesh Kuwad for 1,05,000 warrants, Garima Suhas Khabiya for 1,05,000 warrants, Shreya Dheeraj Jain for 1,05,000 warrants, Joy Banerjee for 1,05,000 warrants, Subhash Nathamal Jain for 1,05,000 warrants, Rekha Subhash Jain for 1,05,000 warrants, Kalidas Vijay Magar for 1,05,000 warrants,Suraj Babulal Bothra (HUF) for 1,05,000 warrants, Ahika Sutodiya for 24,000 warrants, Mehal Sutodiya for 24,000 warrants,Pradeep Sutodiya for 69,000 warrants, Girish Ganesh Sathe for 90,000 warrants, Anand Mukund Datey for 1,50,000 warrants, Neehal Chand Aluwaliya for 1,00,000 warrants,Anushree Barve for 3,00,000 warrants, Ashish Agrawal for 2,00,000 warrants,Nimit Agrawal for 1,00,000 warrants, Voyage Cars India Private Limited for 2,00,000 warrants, Ricardo Joseph D'souza for 76,000 warrants, Getha Shivkumar Subbayya for 2,00,000 warrants, Jitendra Nathu Shetty for 2,00,000 warrants, B Sheshagiri Rao for 3,45,000 warrants, B Vijayalakshmi for 3,45,000 warrants,Siva Rama Prasad Koganti for 50,000 warrants, Sushmita Pothula for 25,000 warrants, Mira Devi for 25,000 warrants, Kottala Infra LLP for 5,00,000 warrants, CTIL Media Private Limited for 5,00,000 warrants, Dwyesh Capitals LLP for 5,00,000 warrants, Sonawane Software LLP for 4,50,000 warrants, KTR Constructions LLP for 3,50,000 warrants, Sunkesula Infra LLP for 2,50,000 warrants and Emporer Clothings LLP for 1,00,000 warrants.

The warrants will be issued on preferential basis.