Times Green Energy (India) Limited has announced a significant change in its key managerial personnel with the resignation of CS Abhishek Reddy Rachur from his dual role as Company Secretary and Compliance Officer. The resignation marks an important corporate development for the Hyderabad-based company as it seeks to fill this critical compliance position.

Resignation Details and Timeline

CS Abhishek Reddy Rachur (Membership No.: A45303) formally submitted his resignation letter on December 11, 2025, requesting relief from his duties effective January 01, 2026. The resignation was subsequently accepted by the Board of Directors on January 03, 2026, with the company promptly notifying BSE Limited of this change.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing BSE Limited under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency regarding this key personnel change.

In his resignation letter, Rachur expressed gratitude to the Board of Directors and management for their support and guidance during his tenure. He described his time with the company as professionally rewarding and extended wishes for continued success to Times Green Energy.

Next Steps and Succession Planning

Times Green Energy has indicated that the noting of the resignation will be formally recorded at the next Board Meeting. The company has committed to appointing a new Company Secretary and Compliance Officer and will inform the stock exchange about the successor appointment in due course.

The resignation requires the company to file eForm DIR-12 with the Registrar of Companies (RoC) and submit necessary documentation to BSE to formalize the personnel change. CEO Srinivas Prasad Kanuparthi signed the official communication to BSE regarding this corporate development.

Company Background

Times Green Energy (India) Limited, headquartered in Hyderabad with offices at Dhruvathara Apartments, Medinova Complex, operates under CIN L40300TG2010PLC071153. The company trades on BSE with scrip code 543310 and maintains its corporate communications through official channels as required by listing regulations.

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.