In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), we wish to inform your good office that the Board of Directors of our ....
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Tiaan Consumer Ltd's board, meeting on July 24, 2025, approved a huge jump in authorised share capital from Rs 13.2 crore (1.32 crore shares) to Rs 10,000 crore (1,000 crore shares), pending shareholder approval. The board also cleared a preferential issue of up to 149 crore equity shares at Rs 10 each (totalling Rs 1,490 crore) to five non-promoter entities — Alstone Textiles, Blue Bell Finance, Shanta Agencies, Shri Niwas Leasing, and Twinkle Mercantiles — by converting their existing unsecured loans into equity. Post-issue, four of these entities will each hold around 23.33% of the company, raising takeover-like control concerns. The 33rd AGM is fixed for August 20, 2025, with August 13 as the e-voting cut-off. Mr. Bharat Bhushan resigned as Managing Director for personal reasons, and Mr. Parmanand Chaubey was redesignated from Non-Executive Director to Managing Director for a 5-year term. Ms. Iroda Alloyorovna Ochilova was appointed as Additional Non-Executive Director, and new Secretarial and Internal Auditors were also appointed.
This is a heavily dilutive event — the share count could swell from 1.32 crore to over 150 crore, drastically reducing existing shareholders' stake, even though the new shares are issued at par for loan conversion rather than fresh cash. Five new non-promoter entities collectively taking near-total control is a major red flag for retail investors. Combined with a change in Managing Director, this signals a possible shift in control or restructuring of the company.