Tacent Projects Board Approves Capital Hike, Preferential Issues

1. Appointment of Additional Director

The Board approved the appointment of Mr. Neeraj Chaudhary (DIN: 03510795) as an Additional Director in the category of Executive Director.
Effective from July 31, 2026.
Appointment is subject to regularization by members at the ensuing 33rd Annual General Meeting.
Appointment was made pursuant to Section 161(1) of the Companies Act, 2013.
Remuneration will be mutually decided between the Board and the director.
Mr. Chaudhary is a BBA graduate with professional experience in private sector, specializing in sales leadership, business growth, and strategic relationship management.
He holds no securities in the company at the time of appointment and is not related to any existing directors or KMPs.

2. Increase in Authorised Share Capital

Approved increase in Authorised Share Capital from ₹10,00,00,000 (Rupees Ten Crore) to ₹22,00,00,000 (Rupees Twenty-Two Crore).
Current structure: 80,00,000 Equity Shares of ₹10 each and 2,00,000 Preference Shares of ₹100 each.
New structure: 2,00,00,000 Equity Shares of ₹10 each and 2,00,000 Preference Shares of ₹100 each.
Creation of 1,20,00,000 additional Equity Shares of ₹10 each, ranking pari passu with existing Equity Shares.
Subject to approval of members at the ensuing 33rd Annual General Meeting.
Board also approved alteration of Clause V (Capital Clause) of the Memorandum of Association, subject to member approval.

3. Proposed Preferential Issue of Equity Shares

Board accorded in-principle approval for raising funds by issuance of up to 34,00,000 (Thirty Four Lakh) Equity Shares on preferential basis.
Subject to approval of members, BSE Limited, and other statutory/regulatory authorities.
Final terms including issue price, relevant date, pricing methodology, valuation report, identity of proposed allottees, objects of issue, and utilization of proceeds will be approved at subsequent Board meeting on August 11, 2026.

4. Proposed Preferential Issue of Fully Convertible Warrants

Board accorded in-principle approval for issuance of up to 1,15,87,750 (One Crore Fifteen Lakh Eighty Seven Thousand Seven Hundred Fifty) Fully Convertible Warrants.
Each warrant convertible into one Equity Share of the Company.
Subject to approval of members, BSE Limited, and other statutory/regulatory approvals.
Final terms including issue price, relevant date, conversion price, conversion ratio, conversion period, valuation report, and identity of proposed allottees will be approved at subsequent Board meeting on August 11, 2026.

5. Appointment of Registered Valuer

Board approved appointment of Mr. Subodh Kumar, Registered Valuer (Securities or Financial Assets) with Registration No. IBBI/RV/05/2019/11705.
Appointment made pursuant to Section 247 of Companies Act, 2013 and Companies (Registered Valuers and Valuation) Rules, 2017.
To carry out valuation of proposed Equity Shares and Fully Convertible Warrants for the preferential issue.

6. Opening of Separate Bank Account

Board approved opening of separate bank account with Scheduled Commercial Bank for receiving application money for the proposed preferential issue.
Authorized Directors and/or Company Secretary to complete all necessary actions related to bank account opening.

Board meeting scheduled for August 11, 2026 to finalize terms of preferential issues
Matters requiring shareholder approval to be placed before the 33rd Annual General Meeting