Tacent Projects Amends AGM Notice for Preferential Issue

• Proposed capital raise: Rs 14.98 crore (Rs 3.40 crore via Equity, Rs 11.58 crore via Warrants).
• Compliance update: New certificate added per BSE observations for Resolution No. 5 and 6.

Reader Takeaway: The company addresses regulatory compliance to proceed with a Rs 14.98 crore fundraising plan via AGM approvals.

What just happened

Tacent Projects Limited has issued a formal corrigendum to its 33rd Annual General Meeting (AGM) notice originally dated August 18, 2026. This amendment adds a Compliance Certificate from a Practicing Company Secretary to the explanatory statement for its proposed preferential issue. The update was triggered by specific observations from the BSE regarding the company's plans to issue equity shares and warrants.

Why this matters

The preferential issue is a key mechanism for the company to raise fresh capital. By incorporating the Compliance Certificate, Tacent Projects aims to meet regulatory requirements under Regulation 163(2) of the SEBI (ICDR) Regulations, 2018. This step ensures the proposal aligns with exchange transparency standards before members vote at the AGM.

Preferential Issue Breakdown

The company is seeking shareholder approval for:

• Resolution No. 5: Issuance of 34,00,000 equity shares at Rs 10 per share.
• Resolution No. 6: Issuance of 1,15,87,750 fully convertible warrants at Rs 10 per warrant, each convertible into one equity share.

What changes now

The AGM remains scheduled for September 10, 2026, at 01:00 P.M. via video conferencing. Shareholders are instructed to read the original AGM notice alongside this corrigendum, which now forms an integral part of the meeting's explanatory statement. Approval remains contingent on passing these as special resolutions and securing final in-principle approval from the BSE.