Taylormade Renewables Limited has allotted 10,00,000 convertible warrants on a preferential basis at a price of ₹123.51 each to strengthen its capital base. The warrants, issued to non-promoter shareholders, include a face value of ₹10 each and a premium of ₹113.51 each. The company has received 25% of the warrant issue price from the allottees, amounting to a total upfront payment of ₹3,08,77,500.

The Board of Directors approved the allotment during a meeting held on June 26, 2026, following an in-principle approval from BSE Limited. The preferential issue was executed under the non-promoter category, with the specific allottees being Sukhdev Santramdas Punjabi and Sangitaben Sukhdev Punjabi. Both individuals received 5,00,000 warrants each, paying an upfront amount of ₹1,54,38,750.

Allotment Details

The following table outlines the specific allocation of convertible warrants and the corresponding payments received:

The Board meeting, which commenced at 11:30 AM and concluded at 12:00 PM on June 26, 2026, was chaired to finalize the issuance. The regulatory approval for this preferential allotment was granted by BSE Limited via letter reference LOD/PREF/GB/FIP/375/2026-27 dated June 12, 2026.

Taylormade Renewables Limited reported a consolidated net profit of ₹18.22 crore for the financial year ended March 31, 2026, a significant decline from ₹123.08 crore in the previous year. Revenue from operations for the year stood at ₹484.18 crore, down from ₹711.45 crore in FY25. The board approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026.

The reported financial performance for the year was impacted by the Andhra Pradesh sales reversal adjustment undertaken during FY26. The company stated that this adjustment was important from a long-term financial discipline and reporting perspective and that it now presents a cleaner operational and accounting base going forward. Management believes a substantial portion of the operational work completed during FY26 is expected to progressively reflect in revenues and financial performance over the coming quarters.

The statutory auditors, MAAK & Associates, issued a qualified opinion on the financial results. The auditors cited three key areas of concern: the absence of balance confirmations for certain trade receivables, trade payables, and loans; inventory valuation based on management estimates without sufficient corroborative evidence; and capital work-in-progress of ₹2.00 crore lacking supporting vendor documentation. Consequently, the auditors were unable to determine the need for adjustments or impairment regarding these amounts.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹33.77 crore. Total income for the quarter was ₹214.21 crore. On a standalone basis, the net profit for the full year was ₹16.86 crore, with total income of ₹335.78 crore. The company’s earnings per share (EPS) on a consolidated basis for FY26 was ₹1.42, compared to ₹10.79 in the previous year.

Key Financial Metrics (Consolidated)

In an emphasis of matter paragraph, the auditors highlighted a balance of ₹1.55 crore refundable to applicants for share warrants, disclosed under "Other Current Liabilities." The company stated that this amount is pending refund.