Times Green Energy Approves Rs 89.86 Crore Rights Issue at Rs 80 Per Share

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

Aspect	Date
Record Date	October 31, 2025
Issue Opening	November 7, 2025
Issue Closing	November 17, 2025

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.38%	+3.50%	+28.31%	+49.47%	+24.56%	+74.45%

Times Green Energy (India) Limited has announced a significant change in its board composition, redesignating Mr. Bhambal Ram Meena from Non-Executive Independent Director to Non-Executive Non-Independent Director. This move, approved by the company's Board of Directors, aims to ensure compliance with the provisions of the Companies Act, 2013.

Key Details of the Redesignation

Aspect	Details
Director Name	Mr. Bhambal Ram Meena
Previous Role	Non-Executive Independent Director
New Role	Non-Executive Non-Independent Director
Effective Date	October 17, 2025
Term Duration	One year (until October 16, 2026)
Reason for Change	Compliance with Sections 149 and 152 of Companies Act, 2013

Director's Background

Mr. Bhambal Ram Meena brings a wealth of experience to his new role. His professional background includes:

Serving as Special Chief Secretary to the Government of Telangana in the Revenue Department
Working as Secretary of the Telangana State SC/ST Commission in Hyderabad

Corporate Governance Implications

This redesignation underscores Times Green Energy's commitment to maintaining robust corporate governance practices. By aligning its board structure with the requirements of the Companies Act, 2013, the company demonstrates its dedication to regulatory compliance and transparency.

Disclosure and Approval Process

The company has followed due process in this redesignation:

The decision was made during a Board meeting held on October 17, 2025
The meeting commenced at 3:30 PM and concluded at 4:30 PM
The company has duly informed the BSE Limited, adhering to the disclosure requirements under SEBI regulations

This move by Times Green Energy reflects the ongoing adjustments companies make to ensure alignment with regulatory frameworks, particularly in areas of corporate governance and board composition.