Notice of 15th Annual General Meeting of the Company
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Taylormade Renewables Limited (TRL) has filed the notice for its 15th Annual General Meeting along with the Annual Report for FY 2024-25. For the year, standalone revenue grew strongly to ₹7,107.28 lakhs from ₹4,690.16 lakhs in FY 2023-24, a jump of about 51%. Profit after tax rose to ₹1,222.99 lakhs from ₹1,060.94 lakhs, showing better operating efficiency. Key milestones include migration to the BSE Main Board in October 2024, acquisition of a 51% stake in Taylormade Enviro Private Limited (TEPL) making it the company's first subsidiary, and commissioning of the first Build-Own-Operate (BOO) Zero Liquid Discharge plant at Tarapur, Gujarat, which was inaugurated on June 19, 2025. The company raised capital by converting warrants into 12.57 lakh equity shares at premiums of ₹170 and ₹233 in January 2025, and has also applied to issue 2.5 lakh more convertible warrants at ₹332 each. No dividend has been recommended, with profits to be retained for growth.
Shareholders should note the sharp revenue growth and improved profitability, along with major structural moves like the Main Board listing, first subsidiary acquisition, and a revenue-generating BOO plant that could improve long-term earnings visibility. However, the decision to skip dividend and continued capital raising via warrants means existing shareholders face dilution risk and no immediate cash returns.