This is with respect to Rights Issue of the Company and in accordance with the Letter of Offer dated October 27, 2025 and pursuant to finalization of the Basis of Allotment of the Rights ....
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Times Green Energy (India) Ltd's board has approved the allotment of 11,23,200 fully paid-up equity shares under its Rights Issue at ₹80 per share (including a ₹70 premium over the ₹10 face value). The issue was offered in the ratio of 27 rights shares for every 40 shares held, with October 31, 2025 as the record date, raising ₹898.56 lakhs in total. Following this allotment, the company's paid-up equity capital rises from ₹1.66 crore (16,64,000 shares) to ₹2.79 crore (27,87,200 shares), an increase of about 67.5% in the equity base. The rights issue price was set at 8 times the face value of the share.
Existing shareholders will see their stake diluted by roughly 40% unless they fully subscribe to their entitlement, as the share count expands significantly. The company raises about ₹9 crore to fund its growth plans, which could be positive if deployed productively, though small-cap investors should assess dilution and use of funds.