Titan Company has confirmed a total issuance of commercial papers (CPs) amounting to ₹12,225 crore during the first quarter of 2026. This disclosure was made in a quarterly certificate confirming the utilisation of CP proceeds and adherence to listing conditions, as per SEBI guidelines.
The company issued multiple CPs with varying maturity dates and purposes, primarily for working capital. The issuance details include a CP issued on 9th April 2025, with a face value of ₹1,275 crore set to mature on 9th June 2025, and another issued on 16th April 2025, valued at ₹225 crore, maturing on 16th June 2025.
Titan Company has ensured that the proceeds from these CPs have been utilised for the purposes disclosed in the offer documents, maintaining adherence to all listing conditions. The asset classification of fund-based facilities from banks and financial institutions remains “Standard,” indicating no material change in the company’s financial status that could impact the credit rating of the CPs.
The company has reiterated its commitment to transparency and compliance with regulatory requirements, as evidenced by the quarterly certificate submitted to the National Stock Exchange of India (NSE).
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).