Weagro

Tejassvi Aaharam appointed Natarajan Prasanna as managing director and additional executive director for three years from 7 September, subject to shareholder approval. The board also approved the appointment of Shreyas Raghav as an executive director and Ramya, Subramanian Neelakantan, Vijayalakshmi Rajesh and Aruna Subramaniam as additional directors, including three independent directors. It approved the departures of three directors effective 20 September, the retirement of another at the forthcoming annual meeting, and the resignation of chief financial officer Parameshwar Ramesh effective 15 September. The company also proposed changing its name to WEAGRO Limited, subject to shareholder and regulatory approval, and scheduled its 32nd annual general meeting for 30 September.

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Tejassvi Aaharam appointed Natarajan Prasanna as managing director and additional executive director for three years, subject to shareholder approval. It also appointed Shreyas Raghav as an executive director, Ramya as a non-executive director and Subramanian Neelakantan, Vijayalakshmi Rajesh and Aruna Subramaniam as independent directors. Three directors resigned effective 20 September, another declined reappointment at the annual meeting, and chief financial officer Parameshwaran Ramesh is due to leave on 15 September for personal reasons. The board also proposed changing the company’s name to WEAGRO Limited, subject to shareholder and regulatory approvals, and scheduled the 32nd annual meeting for 30 September by video conference.

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Tejassvi Aaharam appointed Natarajan Prasanna as managing director for a three-year term, subject to shareholder approval, and added five other directors. Three directors were due to resign on 20 September, while another said he would not seek reappointment at the 30 September annual meeting; chief financial officer Parameshwar Ramesh was due to leave on 15 September. The board also proposed changing the company’s name to WEAGRO Limited, or another name approved by the Ministry of Corporate Affairs, and scheduled the annual meeting through video conference. It appointed Chitra Lalitha & Associates as secretarial auditor for five years from the 2026-27 financial year.

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Sept 7 (Reuters) - Tejassvi Aaharam Ltd TEJV.BO:

• APPOINTS NATARAJAN PRASANNA AS MANAGING DIRECTOR

Further company coverage: TEJV.BO

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Tejassvi Aaharam Ltd informed exchanges that the Bombay Stock Exchange has granted in‑principle approval for its proposed preferential issue of 5.11 crore equity shares. The shares, carrying a face value of ₹10, will be issued at an equal price of ₹10 apiece to non‑promoter investors through a share swap arrangement. The total consideration of the issue works out to ₹51.16 crore, which is significantly larger than the company’s current market capitalisation of about ₹37 crore. The approval, dated 7 July 2026, enables the company to proceed with the allotment, subject to compliance with other statutory requirements, including the Companies Act and SEBI regulations.

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