With reference to the above-mentioned subject, please find enclosed herewith the Annual Report (including AGM Notice) as per Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) ....
Awaiting price reaction for this filing.
Tiaan Consumer Ltd filed a corrigendum to its 33rd Annual Report submission along with the AGM notice for FY 2024-25. The 33rd AGM is scheduled for August 20, 2025 via video conferencing. Key business items include adoption of audited FY25 financials, appointment of M/s V R S K & Associates as statutory auditor for 5 years, regularisation of four directors, and appointment of a secretarial auditor for FY26. The most significant proposals are a massive hike in authorised share capital from ₹13.20 crore to ₹10,000 crore (creating room for ~998 crore additional shares), and a preferential allotment of up to 149 crore equity shares at ₹10 each (totalling ₹14,900 crore) to five non-promoter entities on conversion of their unsecured loans into equity. Floor price per share was determined at ₹6.22. Post-issue, Bodies Corporate will hold 99.33% of the company while existing retail and public shareholders will be diluted to roughly 0.65% combined.
This is a heavily dilutive restructuring: the company is converting ₹14,900 crore of unsecured debt into equity, which sharply reduces liabilities but gives five non-promoter entities near-total ownership of the company. Existing public shareholders will see their stake shrink dramatically — from virtually 100% to under 1% collectively — and should expect significant negative pressure on the stock price from this massive equity dilution.