Tacent Projects' Board approved a leadership change and capital raising.

Mr. Neeraj Chaudhary moved to Additional (Whole-time) Director, with his five-year term proposed for shareholder approval.

The Board also cleared a preferential issue of up to 34 lakh equity shares at ₹10 each, targeting ₹3.40 Cr from public investors.

Further, up to 1.158 Cr fully convertible warrants, priced at ₹10 each, were approved to raise ₹11.59 Cr from promoter and public groups.

These warrants convert into shares within 18 months.

All proposals require shareholder approval at the 33rd Annual General Meeting.