28-Sept-2026 19:06:35

TELGE PROJECTS : BOARD APPROVES INCREASE IN AUTHORIZED SHARE CAPITAL AND PREFERENTIAL ISSUE OF WARRANTS

• Board approved increasing authorized share capital from ₹10 Cr to ₹15 Cr, divided into 1.5 crore equity shares of ₹10 each. • Company to issue up to 5,67,686 convertible warrants, convertible into one equity share each at ₹229 per warrant. • Total issue size is approximately ₹13 Cr, with 25% warrant subscription price payable upfront. • Warrants to be issued on a preferential basis to proposed allottees from the promoter group. • An extraordinary general meeting will be convened on October 23, 2026, for shareholder approval. • The preferential issue will not result in any change in control or management of the Company.

Telge Projects Ltd

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