Tunwal E-Motors Limited — QIP/Rights/Pref., 15-04-2025: Allotment of Securities

Tunwal E-Motors Limited has announced a board meeting and allocated 23,91,304 equity shares at ₹46 per share (including a premium of ₹44) to promoter Mr. Jhumarmal Pannaram Tunwal. This allocation is against the conversion of an existing unsecured loan. Post-allotment, the promoter's equity holding increases from 59.76% to 61.43%. The issue is intended to strengthen the company's capital structure and support future growth.