Tusaldah Ltd Approves Preferential Issue of Warrants & Acquisition

Tusaldah Ltd's Board of Directors has approved a significant preferential issue of up to 63,50,000 convertible warrants at Rs. 20 each to promoters and non-promoters. The company also approved the acquisition of 100% equity share capital of Tusaldah Ventures Private Limited (formerly Swals Global marketing Private Limited). Additionally, the board approved the issuance of equity shares on a preferential basis for cash and share swap to shareholders of the acquired entity. These proposals are subject to shareholder and stock exchange approvals. The company also plans to increase its authorized share capital.