Tilaknagar Industries Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on August 20, 2025
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Tilaknagar Industries has called an EGM on August 20, 2025, to seek shareholder approval for three key proposals. First, an increase in authorised share capital from Rs. 226.05 crore to Rs. 310 crore, creating room for 8.395 crore additional equity shares. Second, a preferential allotment of 1.438 crore equity shares at Rs. 382 per share (including a Rs. 372 premium), raising Rs. 549.32 crore from nine non-promoter investors such as SMALLCAP World Fund, Bandhan Focused Fund, Abakkus funds, and Ramesh S Damani Finance. Third, an issue of up to 4.5715 crore convertible warrants at Rs. 382 per warrant, potentially raising up to Rs. 1,746.31 crore if fully exercised, with promoter Amit Arun Dahanukar subscribing to Rs. 305.6 crore worth of warrants. Total potential capital raise is around Rs. 2,295 crore, with warrants convertible into equity within 18 months. The e-voting window runs from August 17 to August 19, 2025, with the cut-off date set as August 13, 2025.
If approved, the preferential allotments could raise up to Rs. 2,295 crore, strengthening the company's balance sheet and funding growth, but will result in meaningful equity dilution for existing shareholders once warrants are exercised.