Tejassvi Aaharam Ltd has secured in-principle approval from the Bombay Stock Exchange (BSE) to issue 5,11,62,204 fully paid-up equity shares to non-promoters on a preferential basis. The shares, carrying a face value of ₹10 each, will be issued at an issue price of ₹10 per equity share pursuant to a share swap arrangement. This regulatory nod allows the company to proceed with the proposed allotment, subject to compliance with the Companies Act, 2013, and SEBI regulations.

The approval, conveyed via BSE letter reference LOD/PREF/PB/FIP/479/2026-27 dated July 7, 2026, was intimated to the exchange on July 8, 2026. The company must ensure strict adherence to the provisions of the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) during the issue and allotment process.

Regulatory Conditions and Compliance

The BSE has stipulated specific conditions to prevent non-compliance regarding trading activities by the proposed allottees. Tejassvi Aaharam is advised to strengthen internal controls to monitor trades executed by the allottees in the company's scrip. The company must obtain an undertaking from the allottees confirming that they will not engage in intra-day trading or sell any shares in the company until the allotment date.

The responsibility for verifying this undertaking and ensuring compliance with Regulation 167(6) of the SEBI ICDR Regulations, 2018, lies solely with the issuer. Any non-compliance observed by the exchanges post-allotment may impact the listing of these shares.

Post-Allotment Requirements

Upon allotment of securities, the company is required to submit a listing application without delay, along with applicable fees, in accordance with Regulation 14 of the LODR Regulations. As per Schedule XIX – Para (2) of the ICDR Regulations, the issuer must apply for listing within twenty days from the date of allotment to one or more recognized stock exchanges. Failure to comply with this timeline will attract penalties specified in the SEBI circular dated June 21, 2023.

The BSE reserves the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, misleading, or false, or if it contravenes any rules, bye-laws, and regulations of the exchange or other statutory authorities.

Key Details of the Preferential Allotment

Tejassvi Aaharam Limited reported a net loss of ₹100.04 lakh for the financial year ended March 31, 2026, compared to a loss of ₹72.64 lakh in the previous year. The company's total income from operations for the year stood at ₹8,208.03 lakh, a significant increase from ₹1,792.45 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹40.09 lakh on a total income of ₹1,417.53 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The statutory auditors have expressed an unmodified opinion on the financial statements. The results were reviewed by the audit committee and subsequently published in the Trinity Mirror and Makkal Kural newspapers on June 2, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company undertook trading activities involving the purchase and sale of goods at low profit margins during the financial year as part of strategic business development initiatives. However, following the execution of a Share Purchase Agreement dated February 13, 2026, and the identification of alternate growth opportunities, including a proposed acquisition by new investors, the company has wound down these trading activities. The future course of the company's activity will depend on the business strategy of the new management upon the successful completion of an open offer.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for designated persons remains closed. The restriction, which began on April 1, 2026, will stay in effect until 48 hours after the declaration of the financial results.