Outcome of Board Meeting held on November 24, 2025
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The board of TeleCanor Global Ltd, at its meeting on November 24, 2025, approved the allotment of 38,00,000 fully convertible equity share warrants to promoter Ms. Vijay Lakshmi Praturi via a preferential issue. The issue price is Rs.10 per warrant, with the company having received Rs. 95 lakh as the 25% upfront payment, taking the total potential consideration to Rs. 3.8 crore. Each warrant is convertible into one equity share of Rs.10 face value, exercisable in one or more tranches within 18 months from allotment. The meeting lasted only 30 minutes (12:00 noon to 12:30 pm).
This is a promoter-group capital infusion that signals insider confidence, but if all warrants are eventually converted, existing shareholders will face equity dilution. The Rs. 95 lakh already received strengthens the company's cash position in the near term.