The Board of Directors of Taylormade Renewables Limited, in its meeting held on October 17, 2025, approved a Preferential Issue of up to 3,00,000 Fully Convertible Warrants at a price of ....
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The board, at its October 17, 2025 meeting, approved a preferential issue of up to 3,00,000 fully convertible warrants at Rs. 222.50 each, aggregating roughly Rs. 6.68 crore. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% payable upfront and the balance on conversion. The warrants have been earmarked for three identified investors — Dhara C Shah, Rajesh Jhaveri HUF, and Vicky R Jhaveri — each receiving 1,00,000 warrants. Proceeds are earmarked for the company's patented sugar manufacturing technology, including pilot-scale plants, field demonstrations, and business development. Shareholder approval will be sought at an EGM scheduled for November 15, 2025.
If all warrants are exercised, existing shareholders face a modest dilution of around 2.5%. The fund raise is relatively small but tied to commercializing a new sugar-tech vertical, which could be a positive if execution succeeds, though warrant-based issuance also signals the company prefers deferred capital commitment from investors.