Technojet Consultant

Technojet Consultants' six promoter shareholders agreed on 18 September 2026 to sell 1,46,293 shares representing 73.15% of equity to Nimesh Sahadeo Singh for Rs70,22,064 in cash. The company was not a party to the share purchase agreement. The buyer will make a mandatory open offer to public shareholders under takeover regulations and intends to take control as promoter, while the sellers intend to be reclassified as public shareholders.

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Technojet Consultants approved a preferential issue of up to 5,00,000 equity shares at Rs48 each to seven non-promoter investors. The issue would raise about Rs2.4 crore and expand the equity base from 2,00,000 to 7,00,000 shares, with Nimesh Sahadeo Singh allotted 3,25,000 shares for a 46.43% post-issue stake. The board also approved an increase in authorised share capital to Rs70 lakh and convened an extraordinary general meeting for 30 October 2026 to seek shareholder approval.

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Technojet Consultants scheduled a board meeting for 18 September 2026 to consider a proposal to raise funds through a preferential issue or private placement of securities for cash or other than cash. The issue price and other terms would be determined subject to regulatory and shareholder approvals.

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Sept 15 (Reuters) - Technojet Consultants Ltd TECH.BO:

• TECHNOJET CONSULTANTS - BOARD TO CONSIDER FUND RAISING VIA PREFERENTIAL ISSUE OR PRIVATE PLACEMENT

Source text: ID:nBSE1n2lBk

Further company coverage: TECH.BO

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Technojet Consultants appointed Kavita Chhajer as an additional non-executive, non-independent director from 11 September and noted the resignation of its company secretary and chief financial officer, Bhumika Ojha, effective at the close of business the same day. Bishal Ghosh was appointed company secretary and compliance officer from 15 September; Ojha cited better career prospects, while Chhajer had more than 20 years of corporate experience and Ghosh had over three years in corporate, secretarial and regulatory compliance.

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