Titan Company Limited has submitted its quarterly certificate for the period ending June 30, 2026. This certificate, in accordance with SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, confirms the proper utilization of Commercial Paper proceeds and adherence to other listing conditions. The filing ensures ongoing compliance with regulatory requirements for the company’s debt issuances.
Titan Company Limited Files Quarterly Compliance Certificate
Titan Company Limited has submitted a crucial quarterly certificate to the stock exchanges, detailing its adherence to regulatory norms concerning Commercial Paper (CP) issuances. This filing covers the quarter that concluded on June 30, 2026, and is made pursuant to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613, dated August 10, 2021. This circular pertains to the operational guidelines for the issuance and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper.
Confirmation of Proceeds Utilization and Adherence to Listing Conditions
The certificate confirms that the proceeds from the Commercial Paper issuances during the specified period were utilized for the purposes disclosed therein. Furthermore, Titan Company Limited has affirmed its adherence to all other applicable listing conditions as stipulated in the offer documents and relevant directions. This submission is a routine yet important part of maintaining transparency and compliance for listed debt instruments.
Key Financial Details and Assurance
As per the accompanying annexure, Titan Company Limited’s total issuance of Commercial Papers during the calendar year up to the quarter ended June 30, 2026, amounted to Rs. 4,400 crore. The company also certified that the asset classification of its fund-based facilities remains “Standard” and that there have been no material adverse changes in its financial status that could impact the credit rating of its Commercial Papers. The company is committed to upholding the highest standards of financial integrity and regulatory compliance.
Source: BSE
