Tiaan Consumer Limited , a prominent player in the consumer goods sector, has announced a series of significant corporate actions and leadership changes that are set to reshape the company's future.

Massive Equity Expansion

The board of Tiaan Consumer Limited has approved the issuance of up to 1.49 billion equity shares at Rs 10.00 each on a preferential basis to non-promoters. This move is expected to raise a substantial Rs 1,490.00 crore by converting existing unsecured loans into equity. The decision underscores the company's strategy to strengthen its balance sheet and potentially fuel future growth initiatives.

Authorized Share Capital Boost

In a bold move, the company has given the green light to increase its authorized share capital from Rs 13.20 crore to a whopping Rs 10,000.00 crore. This significant expansion in authorized capital provides Tiaan Consumer with ample headroom for future equity issuances and financial flexibility.

Leadership Transition

The company has announced key changes in its leadership structure:

• New Managing Director: Mr. Parmanand Chaubey has been appointed as the Managing Director for a 5-year term, effective July 24, 2025. Mr. Chaubey, previously serving as a Non-Executive & Non-Independent Director, brings his experience to this crucial role.

• Resignation: Mr. Bharat Bhushan has stepped down from his position as Managing Director due to personal reasons.

• Board Addition: Ms. Iroda Alloyorovna Ochilova joins the board as an Additional Non-Executive & Non-Independent Director for a 5-year term.

Corporate Governance Enhancements

Tiaan Consumer Limited has also made appointments to strengthen its corporate governance:

• Parul Agrawal & Associates has been named as the Secretarial Auditor for the financial year 2025-2026.
• Mr. Mukesh Sah has been appointed as the Internal Auditor for five consecutive years.

Upcoming Annual General Meeting

The company has scheduled its 33rd Annual General Meeting for August 20, 2025, to be held via video conferencing. The cut-off date for determining voting eligibility has been set as August 13, 2025.

These developments signal a transformative phase for Tiaan Consumer Limited, with the massive equity issuance and leadership changes potentially setting the stage for a new chapter in the company's growth story. Shareholders and market watchers will be keenly observing how these strategic moves unfold in the coming months.

Note: All major decisions are subject to shareholder and stock exchange approvals.

Tiaan Consumer Limited , a consumer goods company, has announced significant changes in its leadership and capital structure following a board meeting held on July 24, 2025. The company, listed on the Bombay Stock Exchange with the scrip code 540108, has made several key decisions that are set to reshape its future direction.

Leadership Changes

The most notable change is the resignation of Bharat Bhushan from his position as Managing Director, effective immediately. Bhushan cited personal and unavoidable reasons for his departure, assuring that no other material reasons exist beyond those stated. He has also stepped down from all board committees where he served as Chairperson or Member.

In a swift restructuring move, the board has appointed Parmanand Chaubey as the new Managing Director. Chaubey, previously serving as a Non-Executive & Non-Independent Director, will now lead the company for a term of 5 consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Adding to the board's composition, Iroda Alloyorovna Ochilova has been appointed as an Additional Non-Executive & Non-Independent Director, also for a proposed term of 5 years pending shareholder approval.

Capital Restructuring and Preferential Issue

In a bold move to strengthen its financial position, Tiaan Consumer Limited has announced a significant increase in its authorized share capital. The board has approved an increase from the existing Rs 13.20 crore to a substantial Rs 10,000.00 crore, consisting of 1,000 crore equity shares of Rs 10 each. This decision is subject to shareholder approval at the upcoming AGM.

Furthermore, the company plans to issue up to 149 crore equity shares at Rs 10 per share on a preferential basis to non-promoter category investors. This move aims to convert existing unsecured loans into equity, potentially injecting Rs 1,490.00 crore into the company's capital structure. The preferential issue is targeted at five investors:

1. Alstone Textiles (India) Limited
2. Blue Bell Finance Limited
3. Shanta Agencies Private Limited
4. Shri Niwas Leasing and Finance Limited
5. Twinkle Mercantiles & Credits Private Limited

If approved, this preferential issue would significantly alter the company's shareholding pattern, with these new investors collectively holding 99.32% of the expanded equity.

Other Key Decisions

The board has also made several other important decisions:

• Scheduled the 33rd AGM for August 20, 2025, to be held via video conferencing.
• Appointed Parul Agrawal & Associates as the Secretarial Auditor for FY 2025-2026.
• Named Mukesh Sah as the Internal Auditor for a 5-year term starting FY 2025-2026.

These developments mark a significant turning point for Tiaan Consumer Limited, potentially setting the stage for a new phase of growth and strategic direction. Shareholders and market watchers will be keenly observing how these changes impact the company's performance and market position in the coming months.