Tacent Projects Limited appointed Sahil Mahawar as its new Chief Financial Officer effective September 22, 2026. This appointment follows the resignation of Mohit Sharma from the positions of Whole Time Director and CFO on the same date.

The Board of Directors approved the changes during a meeting held on Tuesday, September 22, 2026. The session commenced at 3:45 pm and concluded at 4:51 pm. The decisions were disclosed to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership transition details

Mohit Sharma tendered his resignation citing personal exigencies. He clarified that he has no material reasons for leaving the executive roles other than those stated in his letter. However, Sharma will continue to hold office as a Director of the company in the category of Non-Executive, subject to applicable provisions of the Companies Act, 2013, and SEBI regulations.

Sahil Mahawar brings experience in finance, secretarial law, SEBI law, and corporate governance. He holds a Bachelor Degree in Commerce from Maharashtra Institute of Higher Education (MIHE) and qualified as a Company Secretary (Executive) from ICSI. Disclosures indicate that Mahawar is not related to any Directors or Key Managerial Personnel on the Board.

Regulatory disclosures and shareholding

As part of the appointment process, Tacent Projects submitted Form B under Regulation 7(1)(b) read with Regulation 6(2) of the SEBI (Prevention of Insider Trading) Regulations, 2015. The filing confirms that Sahil Mahawar held no securities in the company at the time of his appointment.

The company also updated the list of Key Managerial Personnel authorized to determine materiality of events. This group now includes Mrs. Priyanka Ram (Company Secretary & Compliance Officer), Mrs. Somali Trivedi (Chairperson & Independent Director), Mr. Neeraj Chaudhary (Wholetime Director), and Mr. Sahil Mahawar (Chief Financial Officer).

Tacent Projects Limited secured shareholder approval for a significant capital raise at its 33rd Annual General Meeting held on September 10, 2026. The meeting, conducted via video conferencing, saw members approve the issuance of up to 34,00,000 equity shares and 1,15,87,750 fully convertible warrants on a preferential basis.

The company also adopted its standalone audited financial statements for FY26 and regularized key board appointments. Ms. Somali Trivedi, Chairperson and Independent Director, presided over the proceedings.

Voting Participation and Results

The scrutinizer’s report reveals distinct participation patterns across resolutions. For ordinary business and non-interested special resolutions, promoter group participation was high, with 99.74% of their held shares polled. Public non-institutional shareholders polled 14.64% of their holdings.

However, for resolutions where promoters had an interest—specifically the re-appointment of Mr. Ankit Tayal and the issue of fully convertible warrants—promoter votes were either invalid or not cast. Consequently, the total vote polled for these items dropped significantly, relying almost entirely on public shareholder support.

Note: For the warrant issue, votes from Mr. Ankit Tayal (10,71,462 shares) and Mr. Mohit Sharma (9,13,300 shares) were considered invalid due to interest.

Capital Raising Measures

The special business items focused on expanding the company's capital structure through preferential allotments to identified persons in both promoter and public categories. The company increased its authorized share capital and altered Clause V of its Memorandum of Association to facilitate these issuances.

A practicing company secretary certified that the preferential issue complies with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Board Appointments

Shareholders regularized the appointment of Mr. Neeraj Chaudhary as an executive director and redesignated him as Whole Time Director for five years, from August 11, 2026, to August 10, 2031. Mr. Ankit Tayal was re-appointed as Non-Executive Director after retiring by rotation.

What the Numbers Show

The voting data highlights a concentration of decision-making power among public non-institutional shareholders for interested-party resolutions. While promoters controlled nearly half the paid-up capital (19,89,762 shares), their exclusion from voting on the warrant issue meant that just 2,23,013 shares from public investors determined the outcome. This underscores the reliance on retail and non-promoter institutional support for related-party transactions.