Corporate News

28-Sep-2026, 09:14

Telge Projects Limited announced that its board approved a proposal to increase the authorized share capital from Rs 10 crore divided into 10 million equity shares of Rs 10 each to Rs 15 crore divided into 1.5 million equity shares of Rs 10 each, subject to shareholder approval. The company also approved the issuance of up to 567,686 convertible warrants on a preferential basis for Rs 13.00 crore, with an upfront payment of Rs 57.25 per warrant and a conversion price of Rs 171.75 per warrant, to three members of the promoter group: Vishal Uttam Telge, Shobha Uttam Telge, and Shailesh Uttam Telge. An extraordinary general meeting is scheduled for October 23, 2026, to seek shareholder approval for the preferential warrant issue.