Titagarh Rail Systems' board approved issuing 2,116,402 warrants to promoters, Mrs. Rashmi Chowdhary and Mr. Prithish Chowdhary, at ₹945 each, aiming to raise ₹199.99 crore. These warrants convert into equity shares within 18 months, with 25% payable upfront. An Extraordinary General Meeting (EGM) is scheduled for August 8, 2025, for shareholder approval of this fundraising.