The rights issue of the company closed in April 2006 with over-subscription of 20 percent and allotment of the new shares and debentures was made on May 12, 2006.
In view of the strong performance of the company, the directors have recommended a dividend of 30 percent (up from 20 percent in the previous year).
Titan Industries Manufacturers of India's leading watch brand and India's only national jewellery brand - using design, technology and people for unchallenged market leadership. Joint Venture between India's most respected business organization - the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
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