Board approves up to Rs 100 Cr equity raise, expands into renewable energy

Times Green Energy board approved raising up to Rs 100 Crore via equity shares or other eligible securities through permissible modes such as QIP, rights issue, or preferential allotment, subject to shareholder approval. The company also expanded its object clause to include wind, solar and hybrid renewable energy projects. New auditor TRAK and Associates appointed for 5 years. Two new directors appointed, two existing directors to cease from Aug 25, 2026.