Taylormade Renewables Ltd

Quarter results and strategic focus

• Unaudited Q1 FY2026-27 results announced for quarter ended June 30, 2026.
• Performance reflects emphasis on building operating assets and long-term recurring revenue.

BOO progression

• BOO model remains core; revenue recognition tied to project progression.
• Closing inventory increased due to pre-procurement for ongoing projects and plants.

TEPL update

• TEPL faced management and operational issues; actions taken to strengthen management.

Outlook

• Expect increased project execution and new customer orders; greater BOO contribution.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Audit Committee reviewed results; Limited Review Reports enclosed.
• Integrated Filing (Regulation 10(1A)) for quarter ended 30 June 2026.

Fund raising & use of proceeds

• No deviation in fund utilization from preferential warrants; Rs 3.08 crore raised.
• Proceeds to be used for implementation and commercialization of patented sugar technology.
• 25% warrants subscription amount received during quarter ended June 30, 2026.

Regulatory filing

• Integrated filing of financial results for Q1 2026 under Reg 10(1A).

Governance

• No appointments, resignations, or changes in directors, auditors, or key management disclosed.

Meeting Details

• Board meeting scheduled for Friday, August 14, 2026.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window remains closed for all designated persons until 48 hours after results declaration.

Price movement clarification

• No undisclosed or price-sensitive information; no impending corporate developments at this time.
• Movements are market-driven and outside the company's control.
• Company remains SEBI LODR compliant and will disclose material events promptly.
• Date of clarification: August 11, 2026.

Financial results approved

• Approved audited standalone and consolidated results for quarter and year ended 31 March 2026.
• Standalone revenue from operations was ₹3,344.13 lakh for FY2026; profit after tax was ₹168.55 lakh.
• Consolidated revenue from operations was ₹4,841.82 lakh for FY2026; profit after tax was ₹182.19 lakh.
• Approved audited standalone and consolidated balance sheets and cash flow statements.

Audit qualifications

• Auditors issued qualified opinions on standalone and consolidated results.
• Qualifications related to unconfirmed receivables, payables, loans and advances, inventory valuation, and ₹2 crore CWIP.
• Management said impacts could not be reliably quantified and no adjustments were made.

Other disclosures

• Company reported no debt default.
• Related party transactions included director and KMP remuneration and ₹6.30 crore business transaction with subsidiary Taylormade Enviro Private Limited.
• Company has one subsidiary, Taylormade Enviro Private Limited.

Purpose of EGM

• Issue fully convertible warrants on preferential basis to non-promoter category

Resolution Details

• One special resolution for preferential issue of fully convertible warrants
• Warrants to be issued to persons belonging to non-promoter category

Voting Outcome

• Voting conducted via remote e-voting and e-voting during EGM
• Results to be declared after scrutinizer's report and uploaded on company website

Board and Management Present

• Managing Director, Executive Directors, Independent and Non-Executive Directors present
• Key managerial personnel including CEO, CFO, Company Secretary attended

Meeting Details

• EGM held on March 30, 2026 via video conferencing
• Meeting started at 1:00 PM and concluded at 1:41 PM

Purpose of EGM

• To approve issuance of up to 10 lakh fully convertible warrants on preferential basis
• Warrants to be issued to non-promoter investors Sukhdev and Sangitaben Punjabi
• Raise up to ₹12.35 crore for commercialization of patented sugar manufacturing technology

Summary of Resolutions

• Special resolution to issue 10 lakh warrants convertible into equity shares within 18 months
• Issue price fixed at ₹123.51 per warrant, payable 25% upfront and balance on conversion
• Warrants and resulting shares subject to lock-in as per SEBI ICDR Regulations
• Warrants allotted in dematerialized form to public category investors only
• No promoters, directors or KMPs to subscribe to the issue
• Board authorized to finalize terms, allot shares on conversion, and comply with regulations

Voting Outcome

• Voting outcome not disclosed in this document

Impact on Shareholding

• Post-issue promoter holding reduces from 57.84% to 53.52%
• Public shareholding increases from 42.16% to 46.48% post full conversion
• No change in management control or ownership transfer

Use of Proceeds

• Funds to support pilot-scale manufacturing and commercialization of sugar technology
• Includes R&D, marketing, business development, and general corporate purposes
• Represents Phase I of a staged capital deployment plan

Board and Management Changes

• No changes to board or management reported in relation to this EGM

Other Governance and Financial Impacts

• Warrants do not confer voting rights until converted to equity shares
• Warrants lapse if not converted within 18 months, upfront payment forfeited
• Equity shares on conversion to be listed on BSE subject to approvals
• Company complies with all applicable SEBI and regulatory requirements