Titan Intech Ltd approves allotment of bonus shares

Titan Intech Ltd, a renowned leader in IT, Data Centre Establishment and digital business transformation, is set to hold a board meeting on May 21, 2024, to consider and approve the allotment of bonus shares. This announcement comes on the heels of the company's remarkable performance and its commitment to rewarding its investors.

The company has declared a bonus share issue to its investors in the ratio of 3:5, translating to an offering of 3 shares for every 5 shares held by eligible investors. The record date for the bonus share issue has been fixed as May 17, 2024.

Mr. Sunil Ghanathe, Director of Titan Intech Ltd, commented, "In FYFY24, for the first nine months of operations, we had reported revenue of Rs. 30.58 crore and a PAT of Rs. 3.72 crore. The company's performance underscores our commitment to excellence and innovation."

Titan Intech Limited, with a legacy dating back to 1984, is dedicated to delivering unparalleled quality and security for its clients' IT infrastructure and business data. With a team of seasoned international solution architects, the company prioritizes performance and scalability, ensuring clients stay at the forefront of technological innovation.

Furthermore, Titan Intech is expanding its horizons by venturing into the establishment of state-of-the-art Data Centers in India, reinforcing its commitment to shaping the future of the technology landscape.

Shares of Titan Intech Limited was last trading in BSE at Rs. 104.90 as compared to the previous close of Rs. 100.62. The total number of shares traded during the day was 267949 in over 2582 trades.

The stock hit an intraday high of Rs. 105.65 and intraday low of 102.00. The net turnover during the day was Rs. 28001140.00.

Source : Equity Bulls

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