AGM/EGM27 Oct 2026, 09:50 pm
Taylormade Renewables to issue 14 Lakh Warrants to Promoters
AI Summary
Taylormade Renewables Limited will hold an Extraordinary General Meeting (EGM) on November 18, 2026, to approve the issuance of up to 14,00,000 (Fourteen Lakh) fully convertible warrants on a preferential basis to promoter group individuals. The warrants are convertible into equity shares at a price of ₹71.30 each within 18 months, for a total value of ₹9,98,20,000 (₹9.98 Crore). This move aims to strengthen the promoter group's stake and potentially raise capital.
Key Highlights
- EGM scheduled for November 18, 2026, to approve warrant issuance.
- Up to 14 Lakh warrants to be issued to promoter group.
- Conversion price set at ₹71.30 per equity share.
- Total issue size amounts to ₹9.98 Crore.
- Warrants convertible within 18 months of allotment.
Price Impact
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