The Notice convening EGM of the Company scheduled to be held on Saturday, November 15, 2025 at 01:00 PM through VC/OAVM.
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Taylormade Renewables Ltd has called an Extraordinary General Meeting on Saturday, November 15, 2025 at 1:00 PM (via video conferencing) to seek shareholder approval for issuing up to 3,00,000 fully convertible warrants at ₹222.50 each, aggregating to ₹6,67,50,000 (about ₹6.675 crore). The warrants will be allotted on a preferential basis to three non-promoter allottees — Dhara C Shah, Rajesh Jhaveri HUF, and Vicky R Jhaveri — each getting 1,00,000 warrants. Each warrant is convertible into one equity share of face value ₹10 with a premium of ₹212.50, within 18 months of allotment, with 25% upfront payment and 75% on conversion. The floor price of ₹222.50 is based on the 90-day VWAP on BSE. The proceeds will be used to implement and commercialize the company's patented sugar manufacturing technology, including building pilot-scale plants, field demonstrations, marketing, and general corporate purposes. The cut-off date for e-voting eligibility is November 7, 2025, with remote e-voting open from November 12 to November 14, 2025.
If approved, the company will raise up to ₹6.675 crore from three non-promoter investors, leading to a modest equity dilution (3 lakh shares on full conversion) but providing fresh capital to fund its new sugar technology business vertical. The issue price is at a significant premium to face value and is based on the prevailing market price, so existing shareholders are not being disadvantaged on pricing.