Taylormade Renewables Reports No Deviation in Rs 2.08 Crore Convertible Warrants Proceeds Usage

Taylormade Renewables Limited (TRL) has confirmed that there has been no deviation in the utilization of funds raised through the preferential issue of convertible warrants for the quarter ended September 30, 2025. The company raised Rs 2.08 crore by allocating 2,50,000 warrants at Rs 332.86 per warrant.

Fund Allocation

The funds raised through the convertible warrants are designated for the following purposes:

Working capital requirements for Tarapur BOO plant operations
Project planning for new BOO plants at Dahej Sayakha

Detailed Fund Utilization

According to the Statement of Deviation or Variation provided by the company, the funds have been utilized as follows:

Purpose	Original Allocation (Rs in Crore)	Funds Utilized (Rs in Crore)
Commencement of Operations – Tarapur BOO Plant	4.50	0.28
Working Capital Requirement	1.02	1.02
Project Planning – New BOO Plants (Dahej & Sayakha)	2.00	-
Expansion of Existing Business Activities	0.86	0.78
Total	8.38	2.08

Compliance and Transparency

The company's Audit Committee has reviewed the Statement of Deviation or Variation, and no comments were made by either the Audit Committee or the auditors. This level of transparency aligns with the regulations set by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR).

Financial Performance Context

While the fund utilization report shows adherence to the stated objectives, it's worth noting that TRL's recent financial results for Q2 FY 2025-26 reflect some challenges:

The company reported a negative Revenue from Operations of Rs (944.38) lakhs for the quarter ended September 30, 2025, primarily due to a sales reversal of Rs 1,377.20 lakhs related to the Andhra Pradesh (Proddatur) project.
Despite this, the company maintains that its underlying business activity remained strong, with healthy execution progress across active projects and steady operational performance.

Management's Perspective

Dharmendra Sharad Gor, Chairman & Managing Director of Taylormade Renewables Limited, stated, "Our underlying business delivered a strong quarter, supported by healthy project execution, firm customer demand and a steadily expanding order pipeline. With the legacy matter now fully resolved, our financials present a clearer picture of TRL's true operational progress."

Looking Ahead

The company expresses confidence in its positioning for the second half of the fiscal year, citing:

Advanced execution stages of newly awarded projects, including a major order from SGL Resources Limited
Expanding adoption of TRL's patented technologies across domestic and international markets
Enhanced visibility and improved alignment of reported results to operational activity

As Taylormade Renewables Limited navigates through these financial adjustments and project developments, stakeholders will likely be watching closely to see how the company leverages its raised funds and executes its growth strategy in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.11%	-2.60%	-8.67%	-42.47%	-55.52%	+2,882.01%

Taylormade Renewables Limited (TRL) has announced a significant order win, showcasing its growing prominence in the sustainable water management sector. The company has secured a contract worth ₹23.89 crore from SGL Resources Limited for the treatment of hazardous industrial wastewater.

Order Details

Aspect	Details
Order Value	₹23.89 crore (inclusive of applicable taxes)
Client	SGL Resources Limited
Project Scope	Treatment of hazardous industrial wastewater
Execution	As per mutually agreed terms and timelines

This order marks a notable achievement for Taylormade Renewables, reflecting the industry's confidence in the company's technological capabilities and execution excellence. The project aligns with TRL's strategic vision of becoming a global benchmark in sustainable water management and Zero Liquid Discharge (ZLD) systems.

Company's Perspective

Dharmendra Sharad Gor, Chairman & Managing Director of Taylormade Renewables Limited, stated that this order is another step in the company's journey towards contributing to cleaner, resource-efficient industrial growth. The company views this project as an opportunity to further establish its expertise in handling complex wastewater treatment challenges.

Recent Developments

In addition to this order, Taylormade Renewables has recently made strides in other areas of sustainable technology:

Sugar Manufacturing Process: The company has successfully completed industrial-scale trials of its patented advanced sugar manufacturing process. These trials, conducted with a leading sugar manufacturer in India, demonstrated superior yield, higher sugar recovery, and significant savings in water and energy consumption.
Growth Prospects: The success in the sugar industry trials is expected to drive strong commercial opportunities for TRL across sugar and allied industries, potentially opening new avenues for growth.

Financial Outlook

Investors and stakeholders may gain further insights into the company's financial performance in the upcoming board meeting. The meeting will consider and approve the un-audited financial results for the quarter and half-year.

As Taylormade Renewables continues to secure significant orders and innovate in sustainable technologies, it positions itself as a key player in the environmental solutions sector. The company's focus on water management and process efficiency improvements in various industries could be indicative of its potential for sustained growth in the evolving landscape of industrial sustainability.