Tunwal E-Motors Limited — Others, 13-03-2025: Copy of Newspaper Publication

Tunwal E-Motors Limited has announced a board meeting to address a corrigendum related to its Postal Ballot notice, initially issued on 27 February 2025. The corrigendum outlines a proposal to offer and allot up to 23,91,304 equity shares at an issue price of Rs. 46 per share, aggregating to Rs. 10.99 crore. This move will facilitate the conversion of approximately Rs. 11 crore of outstanding unsecured loans as of 31 January 2025 into equity. This issuance may strengthen the company’s capital structure, providing added financial flexibility, which could foster a positive outlook among investors keen on potential share value appreciation.