Taylormade Renewables Limited has officially notified the stock exchanges about an upcoming board meeting scheduled for February 24, 2026, to consider comprehensive fund raising proposals. The announcement, made on February 21, 2026, outlines the company's strategic initiative to explore various funding mechanisms to support its business operations and growth plans.

Board Meeting Details and Agenda

The Board of Directors meeting will focus on considering and approving proposals for raising funds through multiple financial instruments. The company has outlined a comprehensive approach to fund raising that provides flexibility in execution methods.

Fund Raising Instruments and Methods

The board will evaluate various funding options to determine the most suitable approach for the company's capital requirements. The proposal encompasses multiple instruments and issuance methods to provide strategic flexibility.

The fund raising instruments under consideration include:

• Equity shares through various issuance routes
• Convertible securities offering future equity participation
• Non-convertible securities for debt-based funding
• Warrants providing future conversion options
• Debt securities for fixed-income arrangements

Issuance Methods and Regulatory Framework

The company has identified several potential methods for implementing the fund raising initiative, each subject to applicable regulatory frameworks and approvals.

Trading Window Restrictions

In compliance with insider trading regulations, Taylormade Renewables has implemented mandatory trading restrictions for designated persons. The trading window closure affects all directors, key managerial personnel, designated employees, and their immediate relatives, along with other connected persons. This restriction period extends from February 21, 2026, through February 27, 2026, ensuring regulatory compliance during the decision-making process.

The fund raising proposal represents a significant corporate development that requires comprehensive evaluation and appropriate regulatory approvals before implementation. The board's deliberations on February 24, 2026, will determine the specific structure and timeline for the proposed funding initiative.

Taylormade Renewables Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a remarkable quarterly recovery with strong profitability margins. The Board of Directors approved these results during their meeting held on February 13, 2026, with the company demonstrating significant operational improvements despite nine-month challenges.

Strong Q3FY26 Performance with Robust Margins

The company delivered exceptional standalone quarterly performance for Q3FY26, achieving a profit before tax margin of approximately 24%. The results reflect substantial operational efficiency improvements and disciplined cost management.

The company's profit after tax nearly doubled year-over-year, while profit before tax reached ₹358.46 lakhs, translating into an impressive 24% PBT margin. Management noted a sequential improvement in PBT of over ₹827 lakhs compared to Q2, confirming the normalization of operations after technical adjustments.

Operational Efficiency and Cost Management

The quarter demonstrated strong operational leverage with total expenses controlled at ₹1,147.50 lakhs against revenue of ₹1,505.57 lakhs. Key operational improvements included better inventory management, with changes in inventories contributing positively to earnings through improved synchronization between procurement, execution milestones, and billing cycles.

Employee benefits expense and finance costs remained proportionate to revenue scale, demonstrating disciplined leverage and working capital management. The efficient revenue-to-profit conversion highlights the operating leverage embedded in the company's cost structure.

Consolidated Results Show BOO Facility Contribution

The consolidated financial results, including subsidiary Taylormade Enviro Private Limited, reflected improving operational throughput at the Tarapur BOO facility.

As utilization levels at the BOO facility gradually increase, incremental revenue contributes to consolidated earnings without proportionate fixed cost expansion, enhancing margin stability and diversifying earnings beyond project-based revenue cycles.

Nine-Month Performance Context

The nine-month results provide important context, showing the impact of exceptional circumstances during the period.

Notably, Q3 standalone PBT of ₹358.46 lakhs materially exceeds cumulative nine-month PBT, underscoring the isolated nature of the Q2 accounting impact and the strength of current quarter performance. The technical sales reversal of ₹1,377.20 lakhs recorded in Q2 addressed legacy revenue exposure, resulting in cleaner billing base and improved earnings quality.

Management Outlook and Strategic Direction

Chairman & Managing Director Dharmendra Sharad Gor highlighted the structural strength of the operating framework, emphasizing disciplined execution and margin control. The company has strengthened earnings quality through better inventory management and working capital discipline, providing a clean and stable operating base.

With profitability restored and margins expanding to approximately 24% at standalone level, the company enters Q4 with strengthened earnings base. Execution across ongoing projects has progressed into advanced billing stages, expected to support revenue recognition in the final quarter. The current project pipeline, including higher-capacity wastewater and ZLD installations under technical and commercial finalization, strengthens forward revenue clarity for sustained growth.