Tusaldah Ltd Approves Share Issuance & Acquisition

Tusaldah Ltd's Board of Directors has approved a significant corporate restructuring. This includes increasing the company's authorized share capital and approving the issuance of up to 29,09,299 equity shares at Rs. 20 each on a preferential basis for cash and non-cash considerations. Additionally, the company will acquire 100% of the equity share capital of Tusaldah Ventures Private Limited (formerly Swals Global marketing Private Limited). The board also approved the issuance of convertible warrants to promoters and non-promoter public categories. These approvals are subject to shareholder and stock exchange consent.