Proceedings of the 33rd Annual General Meeting held on Wednesday 20th August 2025.
Awaiting price reaction for this filing.
Tiaan Consumer Ltd held its 33rd AGM on 20th August 2025 via video conferencing, lasting just 30 minutes (1:00 PM to 1:30 PM IST), with 32 shareholders attending. Ten resolutions were moved, including adoption of FY25 financial statements, appointment of V R S K & Associates as new statutory auditors, regularization of four directors (including an Executive Director, an Independent Women Director, and two other directors), and appointment of a secretarial auditor for FY26. A significant resolution was the approval to issue up to 14.9 crore equity shares on a preferential basis to non-promoters against conversion of outstanding unsecured loans, along with an increase in authorised share capital. Notably, no shareholders registered as speakers to ask questions during the 17–19 August registration window.
The preferential issue of up to 14.9 crore equity shares to non-promoters on loan conversion is a major dilution event that existing shareholders should watch closely, as it will substantially expand the share count. The change in statutory auditors and the increase in authorised share capital suggest potential further fundraising or restructuring activity ahead.