Board Meeting28 Sept 2026, 07:20 pm
Telge Projects Approves Preferential Issue at ₹229/Warrant
AI Summary
Telge Projects Ltd announced the approval of a preferential issue of equity shares and convertible warrants by its Board of Directors on September 28, 2026. The issue is priced at ₹229 per convertible warrant, with a floor price of ₹228.08 determined as per ICDR Regulations. The warrants are convertible into equity shares of face value ₹10 each and are being issued to members of the promoter group: Mr. Shailesh Uttam Telge, Mr. Vishal Uttam Telge, and Mrs. Shobha Uttam Telge. This move aims to raise capital and strengthen the promoter group's stake.
Key Highlights
- Board approved preferential issue of warrants and equity shares.
- Issue price set at ₹229 per convertible warrant.
- Floor price determined at ₹228.08 per warrant.
- Issue is to promoter group members.
- Warrants convertible to equity shares of ₹10 face value.
Price Impact
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