Taylormade Renewables Limited, a company specializing in renewable energy solutions, has announced plans to raise ₹6.68 crore through the issuance of convertible warrants to non-promoter investors. The decision, approved by the company's board on October 17, 2025, is subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for November 15, 2025.

Key Details of the Warrant Issue

• Number of Warrants: 3,00,000 fully convertible warrants
• Issue Price: ₹222.50 per warrant
• Conversion Ratio: Each warrant is convertible into one equity share
• Conversion Period: Within 18 months from the date of allotment
• Allottees: Three non-promoter investors

Proposed Allotment

Utilization of Funds

The company plans to use the proceeds for:

1. Implementing and commercializing its patented sugar manufacturing technology
2. Manufacturing pilot-scale sugar processing plants
3. Conducting demonstrations and field-scale implementations
4. Marketing and business development activities
5. General corporate purposes, including research and development

Pricing and Valuation

The warrant issue price of ₹222.50 was determined based on:

1. The 90-day volume-weighted average price (VWAP) on BSE
2. An independent valuation report by CA Jainam Hitesh Shah, Registered Valuer

Voting and Conversion Details

• Cut-off Date for Voting Eligibility: November 7, 2025
• Remote E-voting Period: November 12-14, 2025
• Conversion Option: Allottees can convert warrants into equity shares within 18 months of allotment

Impact on Shareholding

Post-issue, assuming full conversion of warrants:

• Promoter Holding: Expected to decrease from 58.25% to 56.87%
• Public Shareholding: Expected to increase from 41.75% to 43.13%

Taylormade Renewables Limited has stated that there will be no change in control consequent to the preferential issue.

This strategic move by the company aims to strengthen its position in the renewable energy sector, particularly in sugar manufacturing technology. The successful implementation of this fundraising initiative may potentially enhance the company's technological capabilities and market presence in the coming years.

Taylormade Renewables Limited (TRL) has announced a significant move to bolster its sugar manufacturing technology business. The company's Board of Directors has approved the issuance of fully convertible warrants on a preferential basis, aiming to raise Rs 6.68 crore for implementing and commercializing its patented sugar manufacturing technology.

Warrant Issue Details

The Board has given the green light to issue 3,00,000 fully convertible warrants at a price of Rs 222.50 per warrant. Here's a breakdown of the warrant allocation:

Each warrant can be converted into one equity share within 18 months from the date of allotment. The company has scheduled an Extraordinary General Meeting (EGM) for November 15, 2025, to seek shareholder approval for this preferential issue.

Utilization of Funds

The proceeds from this warrant issue are earmarked for several key initiatives:

1. Manufacturing of pilot-scale sugar processing plants based on TRL's patented technology
2. Undertaking demonstration and field-scale implementation at select sugar manufacturing facilities
3. Marketing and business development activities to promote the technology and engage prospective industry partners
4. General corporate purposes, including research, development, and operational activities related to this new technology-business vertical

Important Dates

• EGM Date: November 15, 2025
• Cut-off Date for E-voting Eligibility: November 7, 2025

Additional Information

• The company has appointed Surana and Kothari Associates LLP as the scrutinizer for the e-voting process.
• The warrant issue price has been determined in accordance with SEBI ICDR Regulations.
• Warrant holders will pay 25% of the issue price at the time of subscription and the remaining 75% upon exercise of the warrants.

This strategic move by Taylormade Renewables Limited underscores its commitment to advancing its sugar manufacturing technology and expanding its footprint in the industry. The successful implementation of this initiative could potentially position the company as a significant player in the sugar technology sector.