Initimation regarding non materialisation of Proposed preferential issue of 3,00,000 convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Taylormade Renewables had received BSE in-principle approval and shareholder approval at an EGM on November 15, 2025 to issue 3,00,000 convertible warrants to non-promoter allottees at ₹222.5 per share. However, the proposed allottees failed to deposit the subscription money within the stipulated time. As a result, no warrants have been allotted and no equity shares will be issued under this approval. The company has informed the stock exchange that the preferential issue has fallen through.
Negative for the stock — the company will not receive the planned funds from this preferential issue, which may delay or derail its growth or funding plans. It also signals weak investor interest at the proposed price of ₹222.5 per share.