Tusaldah Ltd Board Approves Share Capital Hike & Acquisition

Tusaldah Ltd's Board of Directors has approved a significant increase in the company's authorized share capital, from Rs. 8.50 crore to Rs. 18.50 crore, subject to shareholder approval. This move is accompanied by the approval to acquire 100% of Tusaldah Ventures Private Limited (formerly Swals Global Marketing Private Limited). Additionally, the board has sanctioned preferential issuances of equity shares and convertible warrants to promoters and non-promoter public categories, both for cash and share swap considerations, pending shareholder and stock exchange approvals. The meeting also covered the execution of a Share Purchase and Share Subscription Agreement for the acquisition.