Tacent Projects Limited expanded its capital structure and initiated fundraising measures during a Board meeting held on July 31, 2026. The Board approved an increase in authorized share capital from ₹10,00,00,000 to ₹22,00,00,000 and granted in-principle approval for a preferential issue of up to 34,00,000 equity shares and 1,15,87,750 fully convertible warrants. Additionally, the company appointed Neeraj Chaudhary as an Additional Director (Executive) to lead strategic initiatives, with final terms for the fundraising to be finalized after valuation reports are received.

The Board meeting, which commenced at 03:00 P.M. and concluded at 04:45 P.M., was convened pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decisions were disclosed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. All proposals require ratification by shareholders at the ensuing 33rd Annual General Meeting.

Capital Restructuring Details

The increase in authorized share capital involves the creation of 1,20,00,000 additional equity shares of ₹10/- each. This brings the total equity shares to 2,00,00,000, alongside 2,00,000 preference shares of ₹100/- each. The new shares will rank pari passu with existing equity shares. Consequently, the Board approved alterations to Clause V (Capital Clause) of the Memorandum of Association.

Fundraising Proposals

The Board accorded in-principle approval for two distinct fundraising instruments under Chapter V of the SEBI ICDR Regulations:

• Preferential Issue of Equity Shares: Up to 34,00,000 equity shares to identified allottees.
• Preferential Issue of Fully Convertible Warrants: Up to 1,15,87,750 warrants, each convertible into one equity share.

Key terms including issue price, relevant date, pricing methodology, identity of allottees, and objects of the issue remain pending. These details will be finalized at a subsequent Board meeting scheduled for August 11, 2026, following the receipt of a valuation report from a Registered Valuer. To facilitate this process, the Board appointed Mr. Subodh Kumar (Registration No. IBBI/RV/05/2019/11705) as the Registered Valuer under Section 247 of the Companies Act, 2013. A separate bank account will be opened with a Scheduled Commercial Bank to receive application money.

Leadership Appointment

Neeraj Chaudhary (DIN: 03510795) was appointed as an Additional Director in the category of Executive, effective July 31, 2026. His appointment is subject to regularization by members at the 33rd Annual General Meeting. Chaudhary is a BBA graduate with experience in sales leadership, business growth, and strategic relationship management. He holds no securities in the company at the time of appointment and is not related to any existing directors or Key Managerial Personnel. His remuneration will be mutually decided between the Board and the Director.

Tacent Projects Limited's Board of Directors convened on Saturday, May 2, 2026, to consider regulatory compliance matters. The meeting, which commenced at 03:00 P.M. and concluded at 03:52 P.M., approved the Certificate of Non-Applicability for disclosure of related party transactions on a consolidated basis for the half year ended March 31, 2026, as required under Regulation 23(9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Criteria

The company's eligibility for exemption stems from Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides exemption from compliance with specified regulations for listed entities meeting certain financial thresholds. The key parameters include paid-up equity share capital not exceeding Rs. 10,00,00,000 and net worth not exceeding Rs. 25,00,00,000 as on the last date of the previous financial year.

Financial Position as on March 31, 2026

The company's paid-up capital of Rs. 351.23 Lakhs and net worth of Rs. (24.36) Lakhs, as per the last audited balance sheet as on March 31, 2026, are both below the prescribed limits. Consequently, Tacent Projects Limited is not obligated to file disclosure on related party transactions on a consolidated basis for the specified period.

The communication was signed by Somali Trivedi, Chairperson & Independent Director, on behalf of Tacent Projects Limited (formerly known as Rahul Merchandising Limited). The company is registered at H NO. 1/61-B Vishwas Nagar, Shahdara, East Delhi-110032, and is listed on BSE with security codes 512517 and 531887.