Tusaldah Ltd Approves Preferential Issue of 29.47 Lakh Shares

Tusaldah Ltd's Board of Directors has approved a preferential issue of up to 29,47,271 equity shares at ₹20 per share to the Non-Promoter Public category. This move is part of a larger corporate restructuring that includes increasing the authorized share capital and acquiring 100% of Tusaldah Ventures Private Limited. The company also approved a preferential issue for cash consideration to the Non-Promoter Public category and convertible warrants to both promoters and non-promoters. These approvals are subject to shareholder and stock exchange consent. The meeting also addressed the acquisition of Tusaldah Ventures Private Limited, involving a Share Purchase and Share Subscription Agreement.