Tusaldah Ltd (531301)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Tusaldah's revenue was ₹1.6 Cr, and net profit ₹-0.1 Cr (a bigger loss than a year earlier); the operating margin was -8.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.6 | — | -46.2% |
| Operating profit | ₹-0.1 | loss widened | loss widened |
| Net profit | ₹-0.1 | loss widened | loss narrowed |
| EPS (₹) | -0.63 | loss widened | loss narrowed |
| Operating margin | -8.4% | — | — |
📢 Recent Corporate Announcements
Sandeep Agrawal and Anupriya Sandeep Agrawal have announced an open offer to acquire up to 37,83,000 equity shares of Tusaldah Ltd, representing 26.00% of the expanded voting share capital. The offer is priced at Rs 20.00 per share, which is significantly below the current market price of Rs 123.7. The tendering window is scheduled to open on November 20, 2026, and close on December 04, 2026, with draft offer documents submitted to SEBI.
- Open offer to acquire up to 37,83,000 equity shares representing 26.00% of expanded share capital
- Offer price set at Rs 20.00 per share against current market price of Rs 123.7
- Tendering period scheduled from November 20, 2026 to December 04, 2026
- EGM of Tusaldah Limited scheduled for October 27, 2026 in relation to the transaction
Acquirers Sandeep Jagdishprasad Agrawal and Anupriya Sandeep Agrawal have announced an open offer to acquire up to 37,83,000 equity shares (26.00% of expanded share capital) of Tusaldah Ltd at Rs 20 per share. The offer is triggered by a proposed preferential issue of 58,56,570 equity shares and 63,50,000 convertible warrants at Rs 20 each. Notably, the offer price of Rs 20 represents an 83.8% discount to the recent market trading price of Rs 123.70. The existing paid-up capital of 23,43,430 shares will expand significantly to 1,45,50,000 shares post all issuances and warrant conversions.
- Open offer for up to 37,83,000 equity shares representing 26.00% of expanded equity share capital
- Offer price fixed at Rs 20 per share, compared to the prevailing market price of Rs 123.70
- Share capital expands from 23,43,430 existing shares to 1,45,50,000 fully diluted expanded shares
- Proposed preferential issue of 58,56,570 shares and 63,50,000 convertible warrants at Rs 20 each
- Acquirer-1 (Sandeep Agrawal) has a certified net worth of Rs 2,828.35 lakhs as of June 12, 2026
Tusaldah Ltd has called an EGM on October 27, 2026, to approve multiple capital restructuring and corporate actions. The company plans to acquire 100% of Tusaldah Ventures Private Limited (TVPL) from promoters via a share swap of 29,09,299 shares valued at ₹5.82 crore. Additionally, it plans to raise ₹5.89 crore in cash by allotting 29,47,271 shares at ₹20 each to non-promoters, and issue 63,50,000 convertible warrants at ₹20 each (aggregating ₹12.70 crore). The authorized share capital is also proposed to increase from ₹8.50 crore to ₹18.50 crore.
- Share swap acquisition of 100% stake in TVPL from promoters valued at ₹5.82 crore via 29,09,299 shares at ₹20 each
- Preferential cash issue of 29,47,271 equity shares to non-promoters at ₹20 per share, raising ₹5.89 crore
- Issuance of 63,50,000 convertible warrants at ₹20 each to promoters and non-promoters, aggregating ₹12.70 crore
- Increase in authorized share capital from ₹8.50 crore to ₹18.50 crore
Tusaldah Ltd issued a clarification regarding typographical errors in its September 25, 2026 board meeting outcome. The company corrected the preferential equity issue to non-promoters to 29,47,271 shares and convertible warrants to 63,50,000 units, both priced at Rs 20 each. Additionally, the company approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil turnover in FY26) via share swap, issuing 29,09,299 shares to promoters at Rs 20 each. Authorized share capital is being expanded from Rs 8.50 crore to Rs 18.50 crore to facilitate the restructuring.
- Preferential equity issuance corrected to 29,47,271 shares and convertible warrants to 63,50,000 at Rs 20 each
- Acquiring 100% of promoter-owned Tusaldah Ventures Private Ltd via swap of 29,09,299 shares at Rs 20 each
- Authorised share capital expanded from Rs 8.50 crore to Rs 18.50 crore
- Target entity Tusaldah Ventures reported nil turnover for FY 2025-26
- Post-issue total fully diluted shares to reach 1,30,76,933 shares across proposed allotments
Acquirers Sandeep and Anupriya Agrawal have announced a mandatory open offer to acquire up to 37,83,000 equity shares (26.00% of expanded share capital) of Tusaldah Ltd at Rs 20 per share, totaling up to Rs 7.57 crore. This offer was triggered by a board approval for a massive preferential issuance of 58,56,570 equity shares and 63,50,000 convertible warrants, partly for acquiring shares of Tusaldah Ventures Pvt Ltd. Post-allotment and conversion, the acquirers' holding will surge from 33.42% to 52.87% on a fully diluted basis. Crucially, the offer price of Rs 20 represents an 83.8% discount to the last traded price of Rs 123.7.
- Open offer for up to 37,83,000 equity shares (26.00% of expanded capital) at Rs 20 per share, totaling Rs 7,56,60,000
- Triggered by preferential issue of 58,56,570 equity shares and 63,50,000 convertible warrants at Rs 20 per security
- Acquirers will expand their holding from 33.42% (7,83,164 shares) to 52.87% (76,92,463 shares) post warrant conversion
- Target Company equity base expands from 23,43,430 shares to 1,45,50,000 shares on a fully diluted basis
- Shareholder approval scheduled via Extraordinary General Meeting (EGM) on October 27, 2026
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Ltd's board approved increasing authorized share capital from ₹8.50 crore to ₹18.50 crore. The board approved acquiring 100% equity in Tusaldah Ventures Private Limited (a related party with nil revenue in FY26) via share swap, issuing 29,09,299 equity shares at ₹20 per share (₹5.82 crore) to promoters. Additionally, it approved issuing 29,47,271 equity shares (₹5.89 crore) and 63,50,000 convertible warrants (₹12.70 crore) at ₹20 per share, significantly diluting equity against the current market price of ₹123.7.
- Authorized share capital increased from ₹8,50,00,000 to ₹18,50,00,000
- Acquiring 100% of TVPL, a related party entity incorporated in Jan 2025 with Nil FY26 turnover
- Issuance of 29,09,299 equity shares at ₹20/share to promoters via share swap for TVPL
- Issuance of 29,47,271 equity shares and 63,50,000 warrants at ₹20/share for cash
- Huge equity issuance at ₹20/share versus the prevailing market price of ₹123.7
Tusaldah Limited has issued notice for its 32nd Annual General Meeting scheduled for September 28, 2026, via video conferencing. Key special resolutions include seeking shareholder approval to raise the borrowing limit to ₹50 crore under Section 180(1)(c) and securing assets up to ₹50 crore under Section 180(1)(a). Additionally, the company seeks approval to expand limits for loans, investments, and guarantees up to ₹50 crore, alongside the appointment of an Independent Director.
- 32nd Annual General Meeting scheduled for Monday, September 28, 2026 at 4:00 PM IST via VC/OAVM.
- Proposed special resolution to increase borrowing limits up to ₹50 Crores.
- Enabling resolution to create mortgage/charge on company assets up to ₹50 Crores.
- Proposed limit for making investments, loans, and giving guarantees increased up to ₹50 Crores.
- Appointment of Mrs. Madhura Alok Singh as Non-Executive Independent Director for a 5-year term from Nov 3, 2025 to Nov 2, 2030.
Tusaldah Ltd (formerly High Street Filatex) approved its unaudited standalone financial results for the quarter ended June 30, 2026. The company remains in a precarious financial state with a reported net worth of Rs 0 Cr and a TTM loss of Rs 1 Cr. While revenue spiked to Rs 2.9 Cr in the previous quarter (March 2026), the company has a history of zero-revenue quarters. With a market cap of only Rs 33 Cr and a debt-to-equity ratio of 1.31, the company faces significant liquidity and solvency risks.
- Board meeting concluded at 7:15 P.M. on August 12, 2026, to approve Q1 results.
- Company reports a net worth of Rs 0 Cr, indicating total capital erosion.
- TTM revenue stands at Rs 3 Cr against a market capitalization of Rs 33 Cr.
- Promoter holding has remained unchanged at 33.42% as of June 2026.
Tusaldah Ltd approved its standalone unaudited financial results for the quarter ended June 30, 2026, during its board meeting on August 12, 2026. The company operates on a micro-scale with a TTM revenue of just Rs 3 Cr and a market capitalization of Rs 33 Cr. Financial stability is a concern as the company reports a net worth of Rs 0 Cr and a TTM net loss of Rs 1 Cr. The board meeting lasted approximately 2 hours and 45 minutes to finalize these results.
- Board approved standalone unaudited financial results for the quarter ended June 30, 2026
- The board meeting commenced at 4:30 P.M. and concluded at 7:15 P.M.
- TTM revenue of Rs 3 Cr is significantly low relative to the Rs 33 Cr market capitalization
- Company reported a net loss of Rs 0.62 Cr for the full year FY26
- Net worth remains at Rs 0 Cr with a debt-to-equity ratio of 1.31
Tusaldah Ltd (formerly High Street Filatex Ltd) has approved its standalone unaudited financial results for the quarter ended June 30, 2026. The company operates on a very small scale with a TTM revenue of just Rs 3 Cr and a market capitalization of Rs 33 Cr. Financially, the company is in a stressed position with a reported net worth of Rs 0 Cr and a TTM PAT of Rs -1 Cr. The board meeting concluded after approximately 2 hours and 45 minutes of deliberation.
- Board approved standalone unaudited financial results for the quarter ended June 30, 2026
- The board meeting was held on August 12, 2026, lasting from 4:30 P.M. to 7:15 P.M.
- Company reports a TTM revenue of Rs 3 Cr against a market cap of Rs 33 Cr
- Financial health remains weak with a TTM EPS of Rs -2.65 and ROCE of -29.1%
- Promoter holding has remained stagnant at 33.42% as of June 2026
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