Tejassvi Aaharam Ltd

Tejassvi Aaharam Ltd announced the outcome of its Board Meeting held on July 20, 2026. The board approved the allotment of 5,11,62,204 equity shares at ₹10 each, aggregating to ₹51,16,22,040, for consideration other than cash. This allotment is part of a share swap transaction for the acquisition of 33,67,042 equity shares of Funk Foods Private Limited. The decision follows shareholder approval via postal ballot on March 26, 2026, and in-principle approval from BSE on July 7, 2026. The newly allotted shares will rank pari passu with existing equity shares.

Tejassvi Aaharam Ltd's Board of Directors has approved the preferential allotment of 5,11,62,204 equity shares at ₹10 each, aggregating ₹51.16 crore. This allotment is for consideration other than cash, specifically for the acquisition of 33,67,042 equity shares of Funk Foods Private Limited through a share swap. The decision follows shareholder approval via postal ballot on March 26, 2026, and in-principle approval from BSE on July 7, 2026. The newly allotted shares will rank pari passu with existing equity shares. This move is part of the company's strategy to acquire Funk Foods Private Limited.

Tejassvi Aaharam Ltd has received an 'in-principle' approval from the Bombay Stock Exchange (BSE) for the issuance of 5,11,62,204 fully paid-up equity shares to non-promoters on a preferential basis. This issuance is part of a share swap arrangement and is priced at Rs. 10 per share, with a face value of Rs. 10. The approval is subject to compliance with all applicable regulations, including the Companies Act, 2013, and SEBI's ICDR and Listing Obligations and Disclosure Requirements (LODR) Regulations. The company has been granted this approval via BSE's Letter No. LOD/PREF/PB/FIP/479/2026-27 dated July 7, 2026. This signifies a step towards the completion of the preferential issue.

Tejassvi Aaharam Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with the company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be shut from Wednesday, July 1, 2026, until 48 hours after the board meeting where unaudited financial results for the quarter ending June 30, 2026, will be considered. The exact date of the board meeting will be communicated separately.

Tejassvi Aaharam Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The statutory auditors, M/s. Sundaram & Srinivasan, issued an unmodified audit report. The company is in a transition phase, with its future business strategy dependent on the new management's plans following a Share Purchase Agreement.

Tejassvi Aaharam Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results of the Company as per Ind AS for the quarter and year ended March 31, 2026. The trading window for designated persons, which commenced on April 1, 2026, will close 48 hours after the declaration of the financial results.

Saffron Capital Advisors, manager to the open offer, announced a reminder advertisement for the public shareholders of Tejassvi Aaharam Ltd. The open offer is for the acquisition of up to 70,00,000 equity shares at ₹10 per share, aggregating to ₹7,00,00,000, representing 12.04% of the emerging voting share capital. The acquirers include Prasanna Natarajan, Rajat Chakra Credit & Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments & Consultancy Private Limited, along with Rajalakshmi Natarajan (PAC). The offer complies with SEBI (SAST) Regulations, 2011.

Tejassvi Aaharam Ltd's Board of Directors, at a meeting held on April 29, 2026, approved the appointment of M/s. Chitra Lalitha & Associates, Practising Company Secretaries, Chennai, as Secretarial Auditors for the financial year 2025-26. Concurrently, the Board also appointed M/s. Darmesh & Associates, Chartered Accountants, Chennai, as Internal Auditors for the same financial year. Both appointments were made based on the recommendations of the Audit Committee and are in compliance with Sections 204 and 138 of the Companies Act, 2013, respectively. Chitra Lalitha & Associates brings over 27 years of experience in corporate law and secretarial services, while Darmesh & Associates specializes in accounting, auditing, and tax consultancy.

Tejassvi Aaharam Ltd's Board of Directors, at its meeting on April 29, 2026, approved the appointment of Secretarial and Internal Auditors for the financial year 2025-26. M/s. Chitra Lalitha & Associates, Practising Company Secretaries, Chennai, were appointed as Secretarial Auditors as per Section 204 of the Companies Act, 2013. M/s. Darmesh & Associates, Chartered Accountants, Chennai, were appointed as Internal Auditors in accordance with Section 138 of the Companies Act, 2013. Both appointments were based on the recommendations of the Audit Committee. The board meeting commenced at 12:00 P.M. and concluded at 12:45 P.M.

The Committee of Independent Directors (IDC) of Tejassvi Aaharam Ltd has recommended the open offer made by Prasanna Natarajan, Rajat Chakra Credit & Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments & Consultancy Private Limited, along with Rajalakshmi Natarajan (PAC). The offer is to acquire up to 70,00,000 equity shares at ₹10 each, totaling ₹7,00,00,000. This represents 12.04% of the target company's voting share capital from eligible public shareholders. The recommendation was published on April 24, 2026, following an IDC meeting on April 22, 2026, in compliance with SEBI (SAST) Regulations, 2011.