TRTaylormade Renewables541228Preferential allotment

Board approves allotment of 2.5 lakh equity shares on conversion of preferential warrants

Board meeting on October 19, 2026 approved allotment of 2.5 lakh equity shares of face value ₹10/- each.

By ScoutQuest · Mon 19 Oct 2026, 9:02 PM IST · 2 min read

Shares allotted

2.5 lakh equity shares of face value ₹10/- each

Exercise price per warrant

₹249.645 per warrant

Promoter stake after allotment

6.26% before, 8.11% after

Board meeting outcome

Taylormade Renewables' board met on October 19, 2026 and approved the allotment of equity shares on conversion of warrants that had been issued earlier on a preferential basis.

• 2.5 lakh fully paid-up equity shares of face value ₹10/- each were allotted.
• They were issued against 2.5 lakh warrants, one share per warrant.
• The allottee is promoter Mrs. Neera D Gor.
• The new shares rank pari-passu with the existing equity shares of the company in all respects.

Conversion terms

• The warrants were originally allotted at a warrant issue price of ₹332.86 per warrant.
• The warrant exercise price was ₹249.645 per warrant, described as 75% of the issue price per warrant.
• Exercise price received: ~₹6.24 crore.
• Each warrant could be exercised in one or more tranches during its tenure; warrants not exercised within that period lapse, and the amount paid on them stands forfeited by the company.

Stake before and after

• Before the allotment, the allottee held 6.26% of the company.
• After the allotment, the allottee holds 8.11%.
• The shares were allotted to one investor.

Share capital

After the conversion, the issued, subscribed and paid-up share capital of the company is ~₹12.65 crore.

What this means for a retail investor

A preferential allotment means fresh shares are created and given to a chosen investor rather than sold to the public. When warrants convert, the company receives the exercise money and the total number of shares in issue goes up, so each existing share represents a slightly smaller slice of the company.

Here, the conversion raises the promoter's stake from 6.26% to 8.11%, so this particular allotment increases the promoter group's holding rather than diluting it. The shares allotted carry the same rights as existing shares, including voting and any dividend declared.

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