Tiaan Consumer Limited Announces Major Board Reshuffle and Capital Restructuring
By ScanX News Team
Tiaan Consumer Limited has announced significant changes following a board meeting on July 24, 2025. Bharat Bhushan resigned as Managing Director, replaced by Parmanand Chaubey. Iroda Alloyorovna Ochilova appointed as Additional Non-Executive Director. The company plans to increase authorized share capital from Rs 13.20 crore to Rs 10,000.00 crore and issue 149 crore equity shares at Rs 10 each to non-promoter investors, potentially injecting Rs 1,490.00 crore. The 33rd AGM is scheduled for August 20, 2025. New appointments include Parul Agrawal & Associates as Secretarial Auditor and Mukesh Sah as Internal Auditor.
*this image is generated using AI for illustrative purposes only.
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:
- Alstone Textiles (India) Limited
- Blue Bell Finance Limited
- Shanta Agencies Private Limited
- Shri Niwas Leasing and Finance Limited
- 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.
Historical Stock Returns for Tiaan Consumer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.91% | +0.95% | +11.25% | -17.72% | +88.03% | -71.98% |
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