Telge Projects Considers Convertible Warrants Issue

Telge Projects Ltd's Board of Directors has considered and approved the issue of up to 5,67,686 convertible warrants on a preferential basis. Each warrant is convertible into one equity share of face value ₹10 at a price of ₹229. The total issue size is approximately ₹13.00 crore. The company also proposed an increase in authorized share capital from ₹10 crore to ₹15 crore. An extraordinary general meeting is scheduled for October 23, 2026, to seek shareholder approval for these proposals. The issue is not expected to result in any change in control or management.