Board Meeting11 Aug 2026, 08:10 pm
Tacent Projects Approves Preferential Issue & Director Change
AI Summary
Tacent Projects Ltd's Board of Directors has approved a preferential issue of equity shares and fully convertible warrants. The board also approved the change in designation of Mr. Neeraj Chaudhary from Additional Director (Executive) to Additional (Whole-time) Director, with his appointment as Whole-time Director recommended for a five-year term commencing August 11, 2026, subject to shareholder approval. A valuation report determined the fair value of equity shares at ₹9.14, with August 11, 2026, set as the relevant date for pricing the preferential issue.
Key Highlights
- Board approves preferential issue of shares and warrants.
- Mr. Neeraj Chaudhary's designation changed to Whole-time Director.
- Valuation report sets equity share fair value at ₹9.14.
- Preferential issue pricing based on August 11, 2026 valuation.
- Shareholder approval required for director appointment and issue.
Price Impact
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