Tunwal E-Motors Limited — Board Meeting, 24-02-2025: Outcome of Board Meeting

The Board has approved a preferential issue of up to 24,44,444 equity shares at an issue price of ₹45 each, totaling approximately ₹11 crore, to the promoter group as part of converting outstanding unsecured loans. Additionally, Mr. Priyant Mane has been appointed as the CEO, effective March 1, 2025, enhancing the leadership team's capabilities. Shareholder approval for the preferential allotment will be sought via a postal ballot. The Board also appointed Pushpak B Mundada & Associates as the Tax Auditors for the fiscal year 2024-2025.