Tiaan Consumer Limited , a company engaged in investment, financing, and securities trading, has announced significant changes to its board composition along with plans for a substantial preferential share issue. These developments come as the company aims to strengthen its capital structure and leadership team.

Board Restructuring

The company has made several changes to its board of directors:

• Mr. Munesh Kumar has been appointed as an Additional Executive Director for a term of 5 years, subject to shareholder approval.
• Ms. Iroda Alloyorovna Ochilova has joined as an Additional Non-Executive & Non-Independent Director, also for a 5-year term pending shareholder approval.
• Mr. Bharat Bhushan has stepped down from his position as Managing Director due to personal reasons.
• Mr. Parmanand Chaubey has resigned from his role as Additional Director, citing personal and unavoidable circumstances.

These changes reflect a significant reshaping of the company's leadership structure.

Preferential Share Issue

In a move to bolster its financial position, Tiaan Consumer Limited has announced plans for a major preferential share issue. The company intends to issue up to 1,49,00,00,000 equity shares at a price of ₹10 per share, potentially raising ₹14,90,00,00,000 (Fourteen Hundred Ninety Crore Rupees).

Key details of the proposed share issue include:

• The shares will be issued to five non-promoter entities: Alstone Textiles (India) Limited, Blue Bell Finance Limited, Shanta Agencies Private Limited, Shri Niwas Leasing and Finance Limited, and Twinkle Mercantiles & Credits Private Limited.
• This issuance will be done through the conversion of outstanding unsecured loans into equity.
• Post-issuance, these five entities will collectively hold 99.32% of the company's expanded equity base.

Increase in Authorized Share Capital

To facilitate this large-scale share issuance, Tiaan Consumer Limited's board has approved an increase in the company's authorized share capital. The new authorized capital will be ₹1,00,00,00,00,000 (Ten Thousand Crore Rupees), up from the current ₹13,20,00,000 (Thirteen Crore Twenty Lakh Rupees).

Other Appointments

The company has also made key appointments in compliance and auditing roles:

• Parul Agrawal & Associates has been appointed as the Secretarial Auditor for the financial year 2025-2026.
• Mr. Mukesh Sah has been named as the Internal Auditor for a term of 5 consecutive years starting from FY 2025-2026.

Upcoming Annual General Meeting

These significant changes and proposals will be put before shareholders for approval at the company's 33rd Annual General Meeting, scheduled for August 20, 2025. The meeting will be held virtually through video conferencing.

The extensive board restructuring and the proposed large-scale preferential issue indicate that Tiaan Consumer Limited is undertaking major strategic moves. These changes could significantly alter the company's ownership structure and potentially its future direction. Shareholders and market observers will be keenly watching how these developments unfold and impact the company's performance in the coming months.

Tiaan Consumer Limited , a company engaged in investment, financing, and trading of shares and securities, has announced significant corporate actions and board changes that will reshape its capital structure and leadership.

Massive Increase in Authorized Share Capital

The company's board has approved a substantial increase in its authorized share capital from Rs 13.20 crore to Rs 10,000.00 crore. This move will create 10 billion new equity shares with a face value of Rs 10 each. The dramatic expansion in capital base is aimed at facilitating future growth opportunities.

Preferential Issue to Convert Unsecured Loans

In a major financial restructuring, Tiaan Consumer plans to issue up to 1.49 billion equity shares at Rs 10 per share on a preferential basis to five non-promoter entities. This issuance will convert existing unsecured loans worth Rs 1,490.00 crore into equity. The proposed allottees are:

This conversion will significantly alter the company's shareholding pattern, with these five entities collectively owning 99.32% of the expanded equity base post-issuance.

Board Restructuring

The company has made several changes to its board composition:

• Appointment of Ms. Iroda Alloyorovna Ochilova as Additional Non-Executive Director
• Appointment of Mr. Munesh Kumar as Additional Executive Director
• Resignation of Mr. Bharat Bhushan from his position as Managing Director
• Resignation of Mr. Parmanand Chaubey from his role as Additional Director

Both new appointments and resignations are effective from July 24, 2025. The newly appointed directors will serve for a term of five years, subject to shareholder approval.

Other Key Appointments

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

• Parul Agrawal & Associates appointed as Secretarial Auditor for FY 2025-2026
• Mr. Mukesh Sah appointed as Internal Auditor for a five-year term

Annual General Meeting

The company has scheduled its 33rd Annual General Meeting for August 20, 2025, to be held virtually. Shareholders will vote on these significant changes, including the preferential issue and board appointments.

These corporate actions represent a substantial transformation for Tiaan Consumer Limited, potentially positioning the company for a new phase of growth and development. Shareholders and market watchers will be keenly observing how these changes impact the company's future trajectory.