Tacent Projects Limited will hold a Board meeting on July 31, 2026, to consider a significant capital raise through the preferential issuance of equity shares and fully convertible warrants. The meeting, scheduled for 3:00 P.M. at the company's registered office in New Delhi, also aims to appoint Neeraj Chaudhary as an Additional Director in the category of Executive Director. These moves signal a strategic push to expand the company’s capital base and leadership team, subject to shareholder and regulatory approvals.

The proposal involves increasing the Authorized Share Capital and altering Clause V (Capital Clause) of the Memorandum of Association. This structural change requires approval from the Members at the ensuing 33rd Annual General Meeting. The fund-raising initiative is governed by the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Additionally, the Board will appoint a Registered Valuer under Section 247 of the Companies Act, 2013, to value the equity shares and fully convertible warrants in line with Chapter V of the SEBI ICDR Regulations, 2018.

Key Agenda Items

The Board meeting agenda includes several critical resolutions regarding governance and capital structure:

To facilitate the transaction, the Board will authorize the opening of a separate bank account with a Scheduled Commercial Bank. This account is designated specifically for receiving application money related to the proposed preferential issue of Equity Shares and Fully Convertible Warrants. The Directors and/or the Company Secretary have been empowered to complete all formalities associated with this banking arrangement.

What the Numbers Show

While specific financial figures for the raise are not disclosed in this notice, the dual approach of issuing both equity shares and convertible warrants suggests a flexible capital strategy. Convertible warrants allow investors to defer cash outlay until conversion, potentially attracting a broader investor base while preserving immediate liquidity for the company compared to a pure equity issue. The requirement for a Registered Valuer ensures that the pricing of these instruments complies with regulatory fairness standards, protecting existing shareholders from dilution at undervalued prices. The need for shareholder approval at the 33rd AGM adds a procedural timeline constraint, indicating that the final execution of the fund raise depends on member consent later in the fiscal year.

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Priyanka Ram, Company Secretary and Compliance Officer, signed the disclosure on July 27, 2026.