StockWatch
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Other Textile Products
Board Meeting25 Sept 2026, 08:20 pm

Tusaldah Ltd Board Approves Capital Increase & Acquisition

AI Summary

Tusaldah Ltd's Board of Directors, in a meeting held on September 25, 2026, approved a significant increase in the company's authorized share capital from ₹8.50 Crores to ₹18.50 Crores. This move is subject to shareholder approval. Additionally, the board greenlit the acquisition of 100% of the equity share capital of Tusaldah Ventures Private Limited (formerly Swals Global marketing Private Limited). The company also approved preferential issuances of equity shares and convertible warrants for cash and share swaps, subject to shareholder and stock exchange approvals. These decisions are in line with SEBI regulations.

Key Highlights

  • Authorized share capital to increase from ₹8.50 Cr to ₹18.50 Cr.
  • Approved acquisition of 100% equity in Tusaldah Ventures Private Limited.
  • Proposed preferential issuance of equity shares and warrants.
  • Transactions are subject to shareholder and stock exchange approvals.
  • Board meeting held on September 25, 2026.