Tacent Projects Ltd (531887)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Tacent Projects' revenue was ₹3.4 Cr, and net profit ₹0.0 Cr (against a loss a year earlier); the operating margin was -0.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.4 | — | — |
| Operating profit | ₹-0.0 | loss widened | to loss |
| Net profit | ₹0.0 | from loss | -39.7% |
| EPS (₹) | 0.12 | from loss | -40.0% |
| Operating margin | -0.5% | — | — |
📢 Recent Corporate Announcements
Tacent Projects Limited announced that Mr. Mohit Sharma resigned from his role as Whole Time Director & Chief Financial Officer effective September 22, 2026, but will remain on the board as a Non-Executive Director. The Board has appointed Mr. Sahil Mahawar as the new Chief Financial Officer with effect from the same date. Mr. Mahawar holds a Bachelor of Commerce degree and is an ICSI Executive pass with zero shareholding in the micro-cap company (market cap Rs 19 Cr). The company reported TTM revenues of Rs 4 Cr and a net profit close to zero.
- Resignation of Mohit Sharma as WTD & CFO effective September 22, 2026
- Mohit Sharma to transition to and continue as a Non-Executive Director
- Appointment of Sahil Mahawar as CFO effective September 22, 2026
- Incoming CFO Sahil Mahawar holds nil shares (0.00%) in the company as of his appointment date
- Board meeting commenced at 03:45 P.M. and concluded at 04:51 P.M. on September 22, 2026
Tacent Projects Limited announced that Mr. Mohit Sharma resigned from his role as Whole Time Director & Chief Financial Officer effective September 22, 2026, but will remain on the board as a Non-Executive Director. The Board has appointed Mr. Sahil Mahawar as the new Chief Financial Officer with effect from the same date. Mr. Mahawar holds a Bachelor of Commerce degree and is an ICSI Executive pass with zero shareholding in the micro-cap company (market cap Rs 19 Cr). The company reported TTM revenues of Rs 4 Cr and a net profit close to zero.
- Resignation of Mohit Sharma as WTD & CFO effective September 22, 2026
- Mohit Sharma to transition to and continue as a Non-Executive Director
- Appointment of Sahil Mahawar as CFO effective September 22, 2026
- Incoming CFO Sahil Mahawar holds nil shares (0.00%) in the company as of his appointment date
- Board meeting commenced at 03:45 P.M. and concluded at 04:51 P.M. on September 22, 2026
Tacent Projects Limited announced that Mr. Mohit Sharma resigned from his role as Whole Time Director & Chief Financial Officer effective September 22, 2026, but will remain on the board as a Non-Executive Director. The Board has appointed Mr. Sahil Mahawar as the new Chief Financial Officer with effect from the same date. Mr. Mahawar holds a Bachelor of Commerce degree and is an ICSI Executive pass with zero shareholding in the micro-cap company (market cap Rs 19 Cr). The company reported TTM revenues of Rs 4 Cr and a net profit close to zero.
- Resignation of Mohit Sharma as WTD & CFO effective September 22, 2026
- Mohit Sharma to transition to and continue as a Non-Executive Director
- Appointment of Sahil Mahawar as CFO effective September 22, 2026
- Incoming CFO Sahil Mahawar holds nil shares (0.00%) in the company as of his appointment date
- Board meeting commenced at 03:45 P.M. and concluded at 04:51 P.M. on September 22, 2026
Tacent Projects Limited (formerly Rahul Merchandising Limited) has submitted its 33rd Annual Report for FY 2025-26. The 33rd Annual General Meeting is scheduled for September 10, 2026, via video conferencing. Key resolutions include increasing the Authorised Share Capital from Rs 10.00 crore to Rs 22.00 crore by creating 1.20 crore additional equity shares of Rs 10 each. The company notes it had minimal operations in past years and resumed business operations towards the end of FY26 following a change of name and corporate objects.
- 33rd Annual General Meeting scheduled for Thursday, September 10, 2026, at 01:00 PM.
- Proposed increase in Authorised Share Capital from Rs 10.00 crore to Rs 22.00 crore.
- Creation of 1.20 crore additional equity shares of Rs 10 each to enable future fundraises or security issuances.
- Company disclosed it had no significant business volume for past few years and commenced operations towards end of FY26.
Tacent Projects Ltd has approved a massive fundraise of ₹14.99 Cr, which represents approximately 75% of its current market capitalization of ₹20 Cr. The board approved issuing 34,00,000 equity shares and 1,15,87,750 fully convertible warrants, both priced at ₹10 per unit. This pricing is at a significant discount to the current market price of ₹49.1, although an independent valuer estimated the fair value at ₹9.14. The capital infusion is critical given the company's near-zero revenue and negative net worth.
- Preferential issue of 34,00,000 equity shares at ₹10 each, aggregating to ₹3.40 Cr
- Issuance of 1,15,87,750 fully convertible warrants at ₹10 each, aggregating to ₹11.59 Cr
- Total fundraise of ₹14.99 Cr against a current market cap of ₹20 Cr (~75% magnitude)
- Independent valuation report by Mr. Subodh Kumar pegged fair value at ₹9.14 per share
- Warrants require 25% payment upfront with the remaining 75% due upon conversion within 18 months
Tacent Projects Ltd has approved a massive fundraise of ₹14.98 crore, representing approximately 75% of its current market capitalization of ₹20 crore. The board approved issuing 34,00,000 equity shares and 1,15,87,750 fully convertible warrants, both at an issue price of ₹10 per unit. This pricing is at a significant discount to the current market price of ₹49.10, though it aligns with the registered valuer's fair value estimate of ₹9.14. The company, which currently reports near-zero revenue and negative net worth, is also appointing Mr. Neeraj Chaudhary as a Whole-time Director for five years.
- Total fundraise of ₹14.98 Cr through equity (₹3.40 Cr) and warrants (₹11.58 Cr)
- Issue price fixed at ₹10.00 per share, a steep discount to the current market price of ₹49.10
- Issuance of 1,15,87,750 warrants convertible into equity within 18 months
- Registered valuer determined the fair value of equity shares at ₹9.14
- 33rd AGM scheduled for September 10, 2026, to seek shareholder approval for the issuance
Tacent Projects Ltd has approved a massive capital infusion of up to Rs 14.99 Cr through the preferential issue of 34 lakh equity shares and 1.16 crore convertible warrants. The issue price is set at Rs 10 per unit, which is a significant discount to the current market price of Rs 49.1 but aligns with the valuer's fair value of Rs 9.14. This fundraise is highly material, representing approximately 75% of the company's current market capitalization of Rs 20 Cr. Promoters are heavily participating via warrants, which will increase their total stake from 56.65% to 61.43% upon full conversion.
- Total fundraise of up to Rs 14.99 Cr via 34,00,000 equity shares and 1,15,87,750 convertible warrants
- Issue price fixed at Rs 10.00 per share/warrant, against a current market price of Rs 49.10
- Promoter holding projected to increase from 56.65% to 61.43% post-conversion of all warrants
- Warrants require 25% upfront payment (approx. Rs 2.90 Cr) with the balance 75% payable within 18 months
- Independent valuer estimated the fair value of shares at Rs 9.14 per share
Tacent Projects has approved a massive fundraise of approximately Rs 14.99 crore through a preferential issue of equity shares and convertible warrants. The company plans to issue 34 lakh equity shares and 1.16 crore warrants, both priced at Rs 10 each, which is significantly below the current market price of Rs 49.1 but above the assessed fair value of Rs 9.14. This capital infusion is highly material, representing roughly 75% of the company's current market capitalization. Post-conversion of all warrants, the promoter holding is projected to increase from 56.65% to 61.43%.
- Total fundraise of up to Rs 14.99 Cr through 34,00,000 equity shares and 1,15,87,750 convertible warrants
- Issue price fixed at Rs 10 per unit, based on a registered valuer's fair value estimate of Rs 9.14
- Promoter group to subscribe to 93.75 lakh warrants, increasing their stake from 56.65% to 61.43% post-conversion
- Warrants are convertible into equity shares within 18 months with 25% upfront payment required
- General Meeting scheduled for September 10, 2026, to seek shareholder approval for the issuance
Tacent Projects Ltd has approved a massive fundraise of approximately ₹14.99 crore, which represents roughly 75% of its current market capitalization of ₹20 crore. The board approved the issuance of 34,00,000 equity shares and 1,15,87,750 fully convertible warrants, both priced at ₹10 per unit. This issue price is significantly lower than the current market price of ₹49.1, though it aligns with a registered valuer's fair value estimate of ₹9.14. The capital infusion is critical for a company that reported near-zero revenue (₹0.1 cr) in FY26.
- Proposed issuance of 34,00,000 equity shares at ₹10 each to non-promoter public investors, totaling ₹3.40 crore.
- Proposed issuance of 1,15,87,750 fully convertible warrants at ₹10 each to both promoters and public category, totaling ₹11.59 crore.
- Total fundraise of ₹14.99 crore against a current market cap of ₹20 crore (approx 75% of market cap).
- Registered valuer Subodh Kumar determined the fair value of equity shares to be ₹9.14 per share as of August 11, 2026.
- Warrant holders to pay 25% of the issue price upfront, with the remaining 75% due upon conversion within 18 months.
Tacent Projects has scheduled a board meeting for August 11, 2026, to approve a massive preferential issue of up to 34,00,000 equity shares and 1,15,87,750 fully convertible warrants. Given the company's current market cap of just Rs 20 crore and near-zero TTM revenue, this total issuance of 1.49 crore instruments represents a significant capital infusion and potential equity dilution. The board will finalize the issue price, valuation, and identity of the allottees during the meeting.
- Board meeting scheduled for 11/08/2026 to approve preferential issuance.
- Proposed issuance of up to 34,00,000 equity shares.
- Proposed issuance of up to 1,15,87,750 fully convertible warrants.
- Total potential instruments (1.49 crore) is extremely large relative to the current Rs 20 Cr market cap.
- Company currently reports Rs 0 Cr TTM revenue and a negative net worth.
Tacent Projects Ltd held a board meeting on August 6, 2026, to review and record standard regulatory compliance documents for the quarter ended June 30, 2026. The board took note of reports including investor grievances, shareholding patterns, and share capital reconciliation. No material business updates, financial results, or expansion plans were disclosed. The company remains a micro-cap entity with a market capitalization of Rs 20 Cr and minimal annual revenue of Rs 0.1 Cr in FY26.
- Board meeting conducted on August 6, 2026, from 03:00 PM to 05:20 PM
- Confirmed non-applicability of Corporate Governance report requirements under Regulation 27(2)
- Reviewed investor complaints and shareholding patterns for the quarter ended June 30, 2026
- Noted the Reconciliation of Share Capital Audit Report under Regulation 76
Tacent Projects reported a significant operational turnaround for the quarter ended June 30, 2026, with revenue reaching Rs 3.42 Cr compared to zero revenue in the same quarter last year. The company posted a net profit of Rs 4.22 Lakhs, recovering from a loss of Rs 1.46 Lakhs in June 2025. While the revenue growth is substantial (exceeding the entire FY26 revenue by over 30x), the business remains a low-margin trading operation with a PBT margin of just 1.38%. Investors should note the company's fragile financial position, as other equity stood at negative Rs 3.75 Cr as of March 2026.
- Revenue from operations surged to Rs 3.42 Cr from zero in the year-ago quarter (June 2025).
- Net profit turned positive at Rs 4.22 Lakhs versus a loss of Rs 1.46 Lakhs in the previous year's corresponding quarter.
- Purchases of stock-in-trade accounted for Rs 3.42 Cr, indicating the revenue is primarily driven by trading activities.
- Earnings Per Share (EPS) improved to Rs 0.12 from a negative Rs 0.04 in June 2025.
- Total expenses rose sharply to Rs 3.43 Cr, largely driven by stock purchases, leaving thin margins.
Tacent Projects reported a significant scale-up in operations for Q1 FY27, with revenue reaching Rs 3.42 Cr compared to zero revenue in the same quarter last year. The company achieved a net profit of Rs 4.22 Lakh, turning around from a loss of Rs 1.46 Lakh YoY. This quarterly revenue is approximately 34 times the total revenue reported for the entire FY26 (Rs 0.1 Cr). However, the business model appears to be high-volume, low-margin trading, as stock-in-trade purchases accounted for 99.9% of the revenue.
- Revenue from operations jumped to Rs 341.80 Lakh in Q1 FY27 from Rs 0 in Q1 FY26.
- Net profit stood at Rs 4.22 Lakh, compared to a net loss of Rs 1.46 Lakh in the year-ago period.
- Purchases of stock-in-trade amounted to Rs 341.76 Lakh, indicating a pure trading-led growth.
- Basic and Diluted EPS improved to Rs 0.12 from negative Rs 0.04 YoY.
- Total expenses for the quarter were Rs 343.49 Lakh, resulting in a thin net profit margin of approximately 1.2%.
Tacent Projects has approved a massive capital restructuring, increasing its authorized share capital from ₹10 Cr to ₹22 Cr. The board granted in-principle approval to issue up to 34 lakh equity shares and 1.15 crore fully convertible warrants on a preferential basis. This total potential issuance of ~1.49 crore instruments is highly significant for a company with a current market cap of just ₹20 Cr and near-zero TTM revenue. Additionally, Mr. Neeraj Chaudhary has been appointed as an Executive Director effective July 31, 2026, to lead business growth.
- Authorized share capital increased by 120% from ₹10 Cr to ₹22 Cr
- Proposed preferential issue of up to 34,00,000 equity shares to identified allottees
- Proposed issuance of up to 1,15,87,750 fully convertible warrants
- Board meeting scheduled for August 11, 2026, to finalize issue price and valuation
- Appointment of Mr. Neeraj Chaudhary as Additional (Executive) Director w.e.f. July 31, 2026
Tacent Projects has approved a massive capital restructuring, increasing its authorized share capital by 120% from ₹10 Cr to ₹22 Cr. The board has granted in-principle approval for a preferential issue of up to 34,00,000 equity shares and 1,15,87,750 fully convertible warrants. This move is significant for a company that reported a negligible revenue of just ₹0.1 Cr in FY26 and has a market cap of only ₹20 Cr. A subsequent board meeting on August 11, 2026, will finalize the pricing and identify the allottees.
- Authorized share capital increased from ₹10,00,000 to ₹22,00,00,000 by creating 1.2 crore new equity shares.
- Proposed issuance of up to 1,15,87,750 fully convertible warrants on a preferential basis.
- Proposed issuance of up to 34,00,000 equity shares to identified allottees.
- Appointment of Mr. Neeraj Chaudhary as Additional (Executive) Director effective July 31, 2026.
- Next board meeting scheduled for August 11, 2026, to determine the issue price and valuation.
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