TaylorMade Renewables schedules 16th AGM for September 30

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • TaylorMade Renewables schedules 16th AGM for September 30, 2026
  • Meeting will be held via video conferencing at 1:00 pm
  • Notice issued under SEBI LODR Regulation 30
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TaylorMade Renewables Limited has scheduled its 16th Annual General Meeting for Wednesday, September 30, 2026. The event will be held through video conferencing or other audio-visual means at 1:00 pm.

The company issued the notice pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full notice is available on the corporate website.

Dharmendra Sharad Gor, Chairman and Managing Director, signed the communication to the listing department of BSE Limited.

Historical Stock Returns for Taylormade Renewables

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%-2.74%-16.77%-40.95%-71.73%+657.76%

What strategic initiatives or financial resolutions are expected to be proposed at the upcoming AGM?

How might the decision to hold the meeting via video conferencing impact shareholder engagement and voting participation rates?

Are there any anticipated changes to the board composition or executive leadership following this meeting?

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Taylormade Renewables allots 10 lakh warrants at ₹123.51

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Reviewed by
Riya DScanX News Team
Key Highlights

Taylormade Renewables Limited's Board has approved the allotment of 10,00,000 convertible warrants at ₹123.51 each to non-promoters Sukhdev Santramdas Punjabi and Sangitaben Sukhdev Punjabi. The company received 25% of the issue price, totaling ₹3,08,77,500, as an upfront payment. The warrants carry a face value of ₹10 and a premium of ₹113.51 per share.

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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:

Sr. No Name of Allottee (Warrant Holder) Number of Convertible Warrants Category Upfront Amount Paid (In Rs.)
1. SUKHDEV SANTRAMDAS PUNJABI 5,00,000 Non- Promoter 1,54,38,750
2. SANGITABEN SUKHDEV PUNJABI 5,00,000 Non- Promoter 1,54,38,750
Total 10,00,000

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.

Historical Stock Returns for Taylormade Renewables

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%-2.74%-16.77%-40.95%-71.73%+657.76%

How does Taylormade Renewables plan to utilize the capital raised through this warrant issuance?

What is the conversion timeline and potential equity dilution impact for existing shareholders once the warrants are exercised?

Will this capital infusion influence the company's future expansion or acquisition strategies?

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1 Year Returns:-71.73%