Tilaknagar Industries has informed that the Board of Directors at its meeting scheduled on May 30, 2022, may consider the following - proposal for issue of equity shares and/ or convertible securities including warrants by way of preferential issue, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, as amended, subject to such statutory/ regulatory approvals as may be required. The Board may also consider convening an extra ordinary general meeting / postal ballot process to seek approval of shareholders in respect of the aforesaid proposal of fund raising, as required by the law; to recommend dividend, if any, for the financial year 2021-22 subject to the approval of members at their ensuing Annual General Meeting.
The above information is a part of company’s filings submitted to BSE.
