Tiaan Consumer Ltd — Updates, 30-07-2025: Company Update
30-07-2025 | 06:58 pm
30-07-2025 | 06:58 pm
Tiaan Consumer's board meeting approved a massive increase in authorized share capital from ₹13.20 Cr to ₹10,000 Cr. This paves the way for a preferential issue of 149 Cr equity shares, valued at ₹1490 Cr, to convert existing unsecured loans into equity for non-promoter investors. The company also confirmed the appointment of Mr. Munesh Kumar as Additional Executive Director, correcting an earlier oversight, and appointed Ms. Iroda Alloyorovna Ochilova as an Additional Non-Executive Director. Additionally, the Managing Director and an Additional Director have resigned, and the 33rd Annual General Meeting has been approved.
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