Tandhan Industries Approves ₹51.20 Crore Preferential Warrant Issue To Promoters

Board approved preferential issue of up to 63,99,720 fully convertible warrants at Rs 80 each, raising up to Rs 51.2 Cr from promoters and promoter group, subject to approvals. Warrants require 25% upfront and conversion within 18 months; authorised capital will rise from Rs 60 Cr to Rs 65 Cr. Full conversion would increase promoter holdings and dilute other shareholders; fund utilisation was modified, but detailed deployment was not disclosed.