Times Green Energy Board Approves Fundraise, Auditor Appointment
Times Green Energy (India) Ltd's Board of Directors met on August 18, 2026, approving a proposal to raise equity capital up to ₹100 Crores, subject to shareholder approval. The board also approved altering the company's object clause to expand its business. M/s. TRAK and Associates were appointed as statutory auditors for a five-year term. Additionally, Ms. Sheeza Abbas was appointed as an Additional Non-Executive Independent Director, and Mr. Ramakrishna Avadhanam as an Additional Whole-Time Director, both pending shareholder consent. The board also noted the cessation of directorships for Mr. Bhambal Ram Meena and Ms. Sripati Susheela effective August 25, 2026. The draft Board Report, Management Discussion and Analysis Report for FY 2025-26, and the draft AGM notice were also approved.
Key Highlights
- Board approved raising equity capital up to ₹100 Crores.
- New statutory auditors appointed for a five-year term.
- Two new directors appointed, subject to shareholder approval.
- Two directors to cease office on August 25, 2026.
- Object clause alteration to facilitate business expansion approved.
Price Impact
More from TIMESGREEN