
Times Green Energy Board Approves Fundraise, Auditor Appointment
Times Green Energy (India) Ltd announced a revised outcome of its Board Meeting held on August 18, 2026. The board approved raising equity capital up to ₹100 Crores, subject to shareholder approval. They also approved altering the object clause of the Memorandum of Association to expand business operations. M/s. TRAK and Associates were appointed as Statutory Auditors for a term of five years. Additionally, Ms. Sheeza Abbas was appointed as an Additional Director (Non-Executive Independent), and Mr. Ramakrishna Avadhanam as an Additional Director (Whole Time Director), both pending shareholder approval. The board also noted the cessation of Mr. Bhambal Ram Meena and Ms. Sripati Susheela as directors effective August 25, 2026.
Key Highlights
- Board approved raising equity capital up to ₹100 Crores.
- Object clause of Memorandum of Association to be altered for business expansion.
- M/s. TRAK and Associates appointed as Statutory Auditors.
- New directors appointed, pending shareholder approval.
- Two directors to cease office effective August 25, 2026.
Price Impact
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