Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Tejassvi Aaharam Limited has issued a Postal Ballot notice seeking shareholder approval for two key items through remote e-voting from February 25, 2026 to March 26, 2026. Item 1 proposes increasing the authorised share capital from ₹25 crore to ₹75 crore (creating 5 crore additional equity shares of ₹10 each) to facilitate future issuances. Item 2 seeks approval for a preferential issue of 5,11,62,204 equity shares at ₹10 per share (aggregating ~₹51.16 crore) to 10 identified allottees as consideration other than cash, by way of a share swap to acquire 100% of Funk Foods Private Limited (FFPL), which operates in the same food processing business. The shares are classified as infrequently traded with a negative net worth valuation of ₹9.35 per share, so the issue price has been fixed at face value ₹10. Promoters and directors are not participating in the preferential issue, and the transaction will result in a change of control, triggering a mandatory open offer under SEBI Takeover Regulations.
Approval will enable a major share-swap acquisition that restructures the company into a larger food processing entity but causes significant equity dilution for existing shareholders and a change in control. The trigger of a mandatory open offer under SEBI Takeover Rules means minority shareholders will get an exit opportunity at a regulated price, but existing stakes could be substantially diluted (5+ crore new shares to be issued).