Investment28 Sept 2026, 07:00 pm
Telge Projects to raise ₹130 Cr via convertible warrants
AI Summary
Telge Projects Ltd's Board of Directors has approved a preferential issue of up to 5,67,686 convertible warrants at ₹229 each, aggregating to ₹13,00,00,094. This issue is subject to shareholder approval at an upcoming EGM scheduled for October 23, 2026. The company also proposed an increase in its authorized share capital from ₹10 crore to ₹15 crore. The preferential issue will not result in any change in control or management of the company. Investors have provided a commitment letter to subscribe to the warrants.
Key Highlights
- Board approves preferential issue of convertible warrants.
- Warrants to be issued at ₹229 each, raising approx. ₹130 crore.
- Authorized share capital to increase from ₹10 crore to ₹15 crore.
- Shareholder approval required at EGM on October 23, 2026.
- Issue does not alter company control or management.
Price Impact
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