Titan Intech Limited, a leading innovator in Embedded Manufacturing Services (EMS) for OEM/ODM solutions and advanced embedded systems, has announced its intention to raise ?200 crore through Non-Convertible Debentures (NCDs). The funding, to be secured via public and/or private placements, will enable the company to accelerate its strategic initiatives in high-growth sectors, subject to necessary regulatory approvals.
Titan Intech leverages cutting-edge technologies and deep domain expertise to lead in IoT-driven energy efficiency, advanced display systems, and weather monitoring solutions. The company's initiatives span diverse sectors, integrating high-precision engineering with innovative product design.
Titan Intech is advancing the field of high-resolution display systems with proprietary solutions in LCD, SMD LED, and flip-chip Mini-LED displays. These technologies cater to education, railways, defence, virtual production and entertainment and automotive applications.
Titan Intech has partnered with Kakatiya Energy Systems to deploy IoT-enabled Centralized Control and Monitoring Systems (CCMS) for energy-efficient lighting. The company is currently executing a ?20 crore project to revolutionize public and private lighting systems.
Sunil Ghanate, Wholetime Director of Titan Intech Limited, shared: "Titan Intech is redefining how technology empowers industries and communities. From immersive display systems to IoT-enabled energy solutions and weather monitoring innovations, our focus is on delivering transformative outcomes. The planned NCD issuance will solidify our financial base, enabling us to scale projects that shape the future of technology-driven solutions."
Shares of Titan Intech Limited was last trading in BSE at Rs. 44.28 as compared to the previous close of Rs. 43.84. The total number of shares traded during the day was 839860 in over 1696 trades.
The stock hit an intraday high of Rs. 44.46 and intraday low of 43.50. The net turnover during the day was Rs. 37011200.00. |
