Talwalkars Board Meeting on Share Reduction, Fundraising

Key Details of Board Meeting

• Meeting Date: Wednesday, 28th October 2026
• Purpose: To consider and approve various significant matters.

Agenda Items

1. Reduction of Shares: To consider and approve the reduction of shares as per the order passed by the National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi. The order is dated 03.09.2026 and is referenced as Company Appeal (AT) (Insolvency) No. 710 of 2026. This is also pursuant to a relief order passed by the NCLT Mumbai Bench dated 26.02.2026 vide order I.A. No. 840 of 2025 in C.P. (IB) No. 1056/MB/2020.

2. Fundraising: To consider and approve the proposal of raising funds by way of a preferential issue. This is also as per the same orders from NCLAT (dated 03.09.2026, Company Appeal (AT) (Insolvency) No. 710 of 2026) and NCLT Mumbai (dated 26.02.2026, I.A. No. 840 of 2025 C.P. (IB) No. 1056/MB/2020).

3. Other Business: Any other items with the permission of the chairperson.