Tacent Projects Limited has approved a ₹15.4 crore capital raise through a preferential issue of equity shares and fully convertible warrants, while simultaneously elevating Neeraj Chaudhary to the role of Whole-time Director. The Board of Directors sanctioned these moves during a meeting held on August 11, 2026, aiming to strengthen its management structure and secure funding for corporate purposes. Shareholders will vote on these proposals at the 33rd Annual General Meeting scheduled for September 10, 2026.

The capital raise involves two distinct components: an equity share issuance and a warrant issuance. The company plans to allot up to 34,00,000 Equity Shares with a face value of ₹10 each, aggregating to ₹3.4 crore. These shares are being offered to 16 identified persons belonging to the Public (Non-Promoter) category. Concurrently, Tacent Projects will issue up to 1,15,87,750 Fully Convertible Warrants (FCWs), also priced at ₹10 per warrant, totaling ₹11.58 crore. These warrants are targeted at both Promoter and Public (Non-Promoter) investors. The total potential inflow from these instruments stands at ₹14,98,77,500.

Capital Raise Structure

The pricing for both securities is based on a valuation report dated August 11, 2026, issued by Mr. Subodh Kumar, a Registered Valuer under the Insolvency and Bankruptcy Board of India (IBBI). The fair value of each equity share was determined to be ₹9.14. However, the issue price was set at ₹10 per share/warrant in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The relevant date for price determination was August 11, 2026, which is thirty days prior to the proposed general meeting date.

The Fully Convertible Warrants carry specific conversion terms designed to manage cash flow and investor commitment. Each warrant converts into one fully paid-up equity share at a conversion price of ₹10. Investors must pay 25% of the issue price at the time of allotment, with the remaining 75% due upon exercise of the conversion option. The conversion window opens immediately after allotment and remains open for 18 months. If holders fail to convert within this period, the warrants lapse, and the paid amount is forfeited by the company.

Leadership Appointment

In parallel with the fundraising, the Board approved the change in designation of Mr. Neeraj Chaudhary from Additional Director (Executive) to Additional Whole-time Director. This appointment is effective from August 11, 2026, for a tenure of five years, ending on August 10, 2031. Mr. Chaudhary, a BBA graduate with experience in sales leadership and strategic relationship management, will continue as an Additional Director until his regularization by shareholders at the AGM. His remuneration package, including perquisites and allowances, has been recommended by the Nomination and Remuneration Committee and awaits member approval.

What the Numbers Show

The post-allotment shareholding pattern reveals a significant consolidation of promoter interests. Prior to the issue, promoters held 56.65% of the shares. Following the full conversion of warrants, this stake is projected to rise to 61.43%, while the public holding dilutes from 43.35% to 38.57%. This shift indicates that the capital raise is primarily driven by promoter participation via the FCW tranche, reinforcing insider confidence while bringing in new public equity capital through the direct share issuance. The company stated that the issue will not result in a change of control.

Procedurally, the Board approved the notice for the 33rd AGM to be held via video conferencing on September 10, 2026, at 1:00 PM IST. E-voting will be available from September 7 to September 9, 2026, with M/s. Jain P & Associates appointed as the scrutinizer. The company has filed necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and seeks in-principle approval from BSE Limited for the listing of the new securities.

Tacent Projects Limited’s Board of Directors convened on August 6, 2026, to review statutory compliance matters for the quarter ended June 30, 2026. The session, which began at 3:00 p.m. and concluded at 5:20 p.m., focused on confirming adherence to SEBI listing obligations rather than approving new financial or operational initiatives. This routine oversight ensures the company maintains its regulatory standing with stock exchanges and market regulators.

The Board took note of several critical compliance certificates and reports as mandated by various SEBI regulations. These documents confirm the company’s ongoing adherence to disclosure norms regarding corporate governance, investor relations, and capital structure accuracy. The proceedings were conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Compliance Items Reviewed

The Board specifically acknowledged the following reports and certificates for the quarter ended June 30, 2026:

The review of the Certificate of Non-Applicability under Regulation 27(2) indicates that Tacent Projects is not required to file a full integrated corporate governance report for this period, likely due to specific exemptions applicable to its category or size. Similarly, the confirmation under Regulation 74(5) pertains to the utilization of funds raised through preferential allotment or qualified institutional placements, ensuring no diversion of funds has occurred.

Governance and Market Integrity

The Board also reviewed the Statement of Investor Complaints under Regulation 13(3), which details any grievances received from shareholders during the quarter. Additionally, the Reconciliation of Share Capital Audit Report under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, was examined to ensure that the company’s records match those maintained by depositories.

Insider trading compliance was addressed through the intimation for the closure of the trading window for Designated Persons and their immediate relatives, as required under the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. This measure prevents insiders from trading during sensitive periods when unpublished price-sensitive information may be available.

Somali Trivedi, Chairperson and Director of Tacent Projects Limited, signed the disclosure filed with BSE Limited. The company’s registered office is located in East Delhi, and it operates under CIN L74899DL1993PLC052461. The scrip code for trading on BSE is 531887.