Tusaldah to acquire 100% of Tusaldah Ventures via share swap and preferential allotments
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On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 5.5 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tusaldah Ltd board on Sept 25, 2026 approved acquiring 100% of Tusaldah Ventures Pvt Ltd for Rs. 581.86 Lacs via share swap of 29.09 lakh shares at Rs. 20 each. Also approved preferential issue of 29.47 lakh shares to non-promoters (Rs. 5.89 Cr cash) and 63.50 lakh convertible warrants (Rs. 12.70 Cr). Authorised capital raised to Rs. 18.5 Cr. TVPL is yet to commence business; deal is a related-party transaction at arm's length, pending shareholder and exchange approvals.
Promoter stake grows via warrants; existing shareholders face dilution from new share issuance. Target has nil revenue so far.