Times Green Energy (India) Limited (TGEIL) has successfully concluded its rights issue, raising ₹8.99 crore through the allotment of 11,23,200 fully paid-up equity shares. The company's board of directors approved the allotment in a meeting held on November 19, 2025, marking a significant step in its capital raising efforts.

Key Details of the Rights Issue

Impact on Share Capital

The rights issue has led to a substantial increase in the company's paid-up share capital:

This allotment represents a significant expansion of TGEIL's equity base, with the total number of shares increasing by approximately 67.5%.

Background and Context

The rights issue is part of a larger fund-raising initiative approved by TGEIL's board on August 17, 2024. The company had then announced plans to raise up to ₹25.00 crore through various means, including a Follow-on Public Offer (FPO), Qualified Institutional Placement (QIP), or Preferential Issue.

Regulatory Compliance

The rights issue and subsequent allotment were conducted in accordance with the Securities and Exchange Board of India (SEBI) regulations, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The allotment process was finalized in consultation with BSE Limited, the designated stock exchange, and the Registrar to the Issue, ensuring compliance with all regulatory requirements.

This capital raising exercise demonstrates Times Green Energy's commitment to strengthening its financial position and potentially funding future growth initiatives. Investors and market watchers will likely be keen to see how the company utilizes these funds to drive its business forward in the coming months.

Times Green Energy (India) Limited has announced key details regarding its upcoming rights issue, setting the stage for eligible shareholders to participate in the company's capital raising initiative.

Rights Issue Details

The company's board has approved a rights issue of 11,23,200 equity shares at Rs 80 per share, which includes a premium of Rs 70. This move aims to raise up to Rs 89.86 crore. The rights ratio has been set at 27 shares for every 40 existing shares held.

Key Dates

Process for Rights Entitlements

Times Green Energy has made arrangements with both the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for the electronic credit of rights entitlements. These entitlements will be credited to the demat accounts of eligible shareholders before the issue opening date.

Financial Performance

The company has also approved unaudited financial results for the half year ended September 30, 2025. Key highlights include:

• Revenue from operations: Rs 905.09 lakhs (compared to Rs 1,006.00 lakhs in the previous year)
• Earnings per share: Rs 2.40 for the period

Importance for Shareholders

Eligible shareholders should ensure their demat accounts are active and updated to receive the rights entitlements. The rights issue provides an opportunity for existing shareholders to maintain their proportional ownership in the company by subscribing to additional shares at the offered price.

Company Background

Times Green Energy (India) Limited, headquartered in Hyderabad, operates in the green energy sector. The rights issue suggests an effort to raise capital, potentially for expansion or strengthening its financial position in the renewable energy market.

Investors and shareholders are advised to keep a close watch on further announcements from the company regarding the rights issue and to consider the financial performance when making investment decisions.