Tunwal E-Motors Limited — Board Meeting, 15-04-2025: Outcome of Board Meeting

The Board of Directors of Tunwal E-Motors Limited has announced a board meeting outcome, during which a special resolution was executed. The company allotted 23,91,304 equity shares at ₹46 per share (including a premium of ₹44) on a preferential basis to promoter Mr. Jhumarmal Pannaram Tunwal, converting an existing unsecured loan. Post-allotment, Mr. Pannaram's equity holding will increase to 35,439,636 shares, representing 61.43% of total equity. This move reflects a strategic shift in capital structure, enhancing promoter's stake.