Voting Results alongwith Scrutinizer''s Report for EGM of the Company held on March 30, 2026
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Taylormade Renewables Limited held an Extraordinary General Meeting on March 30, 2026 through video conferencing. The sole resolution passed was a Special Resolution to issue Fully Convertible Warrants on a preferential basis to persons in the non-promoter category. Out of 12,397,728 total shares, 6,497,647 votes (52.41%) were polled, with 6,497,646 votes in favour (99.9999%) and just 1 vote against. Promoter shareholders voted unanimously in favour with 6,355,011 votes representing 88.62% of promoter shares. The resolution has been declared passed with the requisite majority under the Companies Act, 2013.
This preferential issuance of convertible warrants to non-promoters will lead to dilution of existing shareholder stakes. The company is raising capital by offering equity instruments at preferential pricing to selected non-promoter investors, which may signal new strategic investors coming on board.