Submission of voting result under regulation 44(3) of SEBI(LODR) Regulations, 2015 and scrutinizer report of 33rd Annual general meeting for the financial year ended on 31st march 2025.
Awaiting price reaction for this filing.
Tiaan Consumer Ltd held its 33rd Annual General Meeting on 20 August 2025 via video conferencing, where all 10 resolutions were passed with overwhelming majority (over 99.99% in favor on every item). Out of 6,401 shareholders on the record date (13 August 2025), only 32 public shareholders attended via VC and no promoter shareholders were present. The resolutions covered adoption of FY25 financial statements, appointment of M/s V R S K & Associates as statutory auditor, appointment of a secretarial auditor for FY26, regularisation of four directors (including an Independent Women Director), amendments to loan agreements, an increase in authorised share capital, and a major preferential issue of up to 14.9 crore equity shares to non-promoters on conversion of unsecured loans. Only about 14.17% of outstanding shares were voted (14,54,638 out of 1,02,69,015 shares), with the Scrutinizer Parul Agrawal validating the results on 21 August 2025.
The preferential allotment of up to 14.9 crore shares on loan conversion is a massive potential equity dilution (roughly 14.5 times the current 1.03 crore share base), which could significantly dilute existing shareholders and weigh on the stock. Shareholders should watch the final issue price and terms, as well as the increase in authorised capital that enables this and future issuances.