Tunwal E-Motors Approves ₹10.2 Crore Preferential Warrant Issue

Board approved up to 34 lakh convertible warrants at Rs 30 each, raising up to Rs 10.2 Cr from the promoter group, subject to shareholder and regulatory approvals. This revives equity-linked funding after the earlier preferential plan remained unallotted; promoters' holding would rise from 63.90% to 65.91% on conversion. H L Saini & Co appointed auditor after the resignation of Mittal Agarwal & Co; shareholder approval remains pending for the warrants, auditor term and MD remuneration revision.