Corporate Action19 Oct 2026, 09:10 pm
Taylormade Renewables Approves Preferential Issue of Warrants
AI Summary
Taylormade Renewables Ltd's Board of Directors has approved a preferential issue of up to 14,00,000 fully convertible warrants to promoter group investors. Each warrant is convertible into one equity share at ₹71.30, with an aggregate issue size of up to ₹9,98,20,000 (₹99.82 Crore). The funds raised will be used for business expansion, technology development, and project execution in renewable energy and water treatment sectors. An Extraordinary General Meeting (EGM) will be convened on November 18, 2026, to seek shareholder approval.
Key Highlights
- Board approves preferential issue of 14 Lakh warrants to promoter group.
- Aggregate issue size of up to ₹9,98,20,000 (₹99.82 Crore).
- Warrants convertible into equity shares at ₹71.30 each.
- Funds to support business expansion and project execution.
- EGM scheduled for November 18, 2026, for shareholder approval.
Price Impact
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