Board approved raising authorised capital to Rs15Cr from Rs10Cr and issue of 5,67,686 warrants at Rs229 (Rs13Cr) to 3 promoter-group members, convertible in 18 months; EGM 23 Oct 2026. First sizable promoter-funded raise since listing; prior equity trail was small ESOP noise. Promoter subscription signals confidence and funds scaling of AEC platform. Full conversion adds dilution; only 25% upfront, rest on conversion. Use of proceeds and pricing basis not disclosed; needs shareholder approval, no change in control per filing.
Telge Projects Board Approves Rs 13 Crore Promoter Warrant Issue At Rs 229
Telge Projects Promoter Relative Buys 9,600 Shares Worth ₹18.49 Lakh
Telge Projects Signs SPA To Acquire Wheaton Detailing Services