Tandhan Industries announced a corrigendum to its AGM notice dated September 24, 2026, modifying Explanatory Statement Item 6 to detail a [amount not verified] preferential issue to fund Tandhan Polyplast's capital expenditure. The issue involves up to 6.4 million convertible warrants at ₹81 per warrant, raising [amount not verified] total, with proceeds allocated to TPL's capex, debt repayment, and working capital within 12 months. The move supports subsidiary expansion, centralised governance, and complies with SEBI regulations. Shareholding will rise from 65.06% to 69.04% for promoters post-issue, with no deviation from approved fund utilisation. Dividend of ₹0.01 per share was proposed. The filing includes valuation reports, compliance certificates, and details on warrant terms, lock-in periods, and shareholding changes.
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