Times Green Energy (India) Ltd (543310)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Times Green's revenue was ₹13.0 Cr (-56.6% year on year, +43.8% on the previous half-year), and net profit ₹0.1 Cr (-72.7% year on year); the operating margin was 1.8%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹13.0 | -56.6% | +43.8% |
| Operating profit | ₹0.2 | -52.9% | -52.9% |
| Net profit | ₹0.1 | -72.7% | -62.5% |
| EPS (₹) | 0.11 | -72.5% | -62.1% |
| Operating margin | 1.8% | — | — |
📢 Recent Corporate Announcements
Times Green Energy (India) Limited has announced the closure of its Register of Members and Share Transfer Books from September 07, 2026 to September 13, 2026 (both days inclusive). The book closure is conducted in connection with the company's 16th Annual General Meeting (AGM) for the financial year ended March 31, 2026. This is a standard statutory procedure under Regulation 42 of SEBI LODR Regulations, 2015 and Section 91 of the Companies Act, 2013.
- Book closure period set from September 07, 2026 to September 13, 2026 (both days inclusive)
- Purpose of closure is the 16th Annual General Meeting of the company
- AGM relates to the financial year ended March 31, 2026
- Notice submitted under Regulation 42 of SEBI (LODR) Regulations, 2015
Times Green Energy (India) Ltd has released its Annual Report for FY 2025-26 and scheduled its 16th AGM for September 14, 2026. Key agenda items include the adoption of FY26 financial statements and the appointment of M/s. TRAK & Associates as statutory auditors for a 5-year term (2026-2031). Additionally, the company is seeking shareholder authorization to issue unlisted, redeemable NCDs aggregating up to ₹30 crore (representing ~68% of its ₹44 crore market cap) and to alter its Memorandum of Association.
- 16th Annual General Meeting scheduled for Monday, September 14, 2026, in Hyderabad.
- Proposed appointment of M/s. TRAK & Associates as Statutory Auditors for a 5-year term through 2031.
- Seeking approval for private placement of 600 senior secured, unrated, unlisted NCDs up to ₹30,00,00,000.
- Resolutions to regularize and appoint independent directors Mr. Divaker Nandanam and Ms. Sheeza Abbas.
Times Green Energy (India) Limited has issued the notice for its 16th Annual General Meeting (AGM) scheduled for Monday, September 14, 2026. The key agenda includes adopting financial statements, appointing M/s. TRAK & Associates as Statutory Auditors for a 5-year term (FY26 to FY31), and regularizing/re-appointing executive and independent directors. The proposed leadership appointments include Mr. Chandaka Janardhanrao and Mr. Ramakrishna Avadhanam as Whole-Time Directors for 5-year tenures.
- 16th Annual General Meeting scheduled for September 14, 2026, at 11:00 AM in Hyderabad
- Appointment of M/s. TRAK & Associates, Chartered Accountants, as Statutory Auditors for a 5-year term until the 21st AGM in 2031
- Approval sought for appointment of Mr. Ramakrishna Avadhanam as Whole-Time Director for 5 years effective August 18, 2026
- Re-appointment of Mr. Chandaka Janardhanrao as Whole-Time Director for 5 years effective August 25, 2026
- Regularization of Independent Directors Mr. Divaker Nandanam and Ms. Sheeza Abbas for 5-year terms
Times Green Energy (India) Ltd's Board has approved the re-appointment of Mr. Chandaka Janardhanrao as Whole Time Director for a 5-year term effective August 25, 2026. The re-appointment is subject to approval by shareholders at the upcoming Annual General Meeting. Mr. Janardhanrao brings experience as a management consultant and designated partner in Anubhoothi Jewellers LLP. The company reported FY26 revenue of ₹22.06 crore and net profit of ₹0.22 crore.
- Re-appointment of Mr. Chandaka Janardhanrao as Whole Time Director for a 5-year tenure
- Appointment tenure takes effect from August 25, 2026
- Proposal is subject to approval from members at the upcoming Annual General Meeting
- Revised draft notice of AGM approved to seek member approvals
Times Green Energy (India) Ltd held a Board meeting on August 20, 2026, to approve the re-appointment of Mr. Chandaka Janardhanrao as Whole Time Director for a 5-year tenure effective August 25, 2026. The re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the Board approved a revised Draft Notice of AGM incorporating this resolution and items from the August 18, 2026 meeting. The company operates at a market capitalization of approximately ₹45 Cr with TTM revenue of ₹62 Cr.
- Re-appointment of Mr. Chandaka Janardhanrao (DIN: 07959789) as Whole Time Director approved
- Appointed for a 5-year term effective from August 25, 2026
- Approval subject to shareholder vote at the upcoming Annual General Meeting
- Board meeting commenced at 05:00 P.M. and concluded at 05:30 P.M. on August 20, 2026
The board of Times Green Energy (India) Ltd has approved raising up to Rs 100 crore through equity or other permissible securities, subject to shareholder approval. This proposed capital raise is ~222% of the company's current market cap of Rs 45 crore and exceeds its net worth of Rs 43 crore. The board also approved altering its Memorandum of Association (MOA) to expand into wind, solar, and hybrid renewable energy projects. Additionally, M/s TRAK and Associates was appointed as statutory auditor for a 5-year term, alongside board reconstitution.
- Board approved raising equity capital for a total amount not exceeding Rs 100 Crores.
- Proposed fundraise of Rs 100 Crores represents ~2.2x the company's market cap of Rs 45 Crores.
- Approved alteration of MOA to enter solar, wind, hybrid power generation and storage infrastructure.
- Appointed M/s TRAK and Associates as Statutory Auditors for a 5-year term ending at the 2031 AGM.
- Reconstituted board with two new director appointments and two director cessations effective August 25, 2026.
Times Green Energy (India) Ltd has approved the appointment of M/s. TRAK and Associates (FRN: 017290S) as its Statutory Auditor for a 5-year term. The tenure runs from the conclusion of the upcoming 16th AGM until the 21st AGM in calendar year 2031, subject to shareholder approval. The appointment is made to comply with Section 139 of the Companies Act, 2013, following the Audit Committee's recommendation on August 18, 2026.
- Appointment of M/s. TRAK and Associates (FRN: 017290S) as Statutory Auditor
- Term spans 5 consecutive years from 16th AGM to the 21st AGM in 2031
- Board approval granted at the meeting held on August 18, 2026
- Subject to approval by shareholders at the ensuing Annual General Meeting
Times Green Energy (India) Ltd has approved the appointment of Mrs. Sheeza Abbas as an Independent Director and Mr. Ramakrishna Avadhanam as an Additional Executive Director (Whole Time Director) for a term of 5 years effective August 18, 2026. Both appointments are subject to shareholder approval at the upcoming general meeting. Mr. Avadhanam brings over 20 years of experience across media and entertainment, while Mrs. Abbas brings experience in management advisory and financial services.
- Appointed Mrs. Sheeza Abbas as Independent Director for a 5-year term effective August 18, 2026.
- Appointed Mr. Ramakrishna Avadhanam as Additional Executive Director (Whole Time Director) for a 5-year term effective August 18, 2026.
- Appointments are subject to approval by company shareholders in the upcoming general meeting.
Times Green Energy's board approved an enabling resolution to raise equity capital of up to ₹100 crore via permissible routes including QIP, rights issue, or preferential allotment, subject to shareholder approval. The proposed fundraise represents over 220% of its current market capitalization of ₹45 crore. The company also approved altering its Memorandum of Association (MOA) to venture into solar, wind, and hybrid renewable energy projects. Additionally, the board approved statutory auditor appointment for 5 years and key director appointments.
- Board approved fund raising up to ₹100 Crores via equity/convertibles in one or more tranches
- Proposed fundraise of ₹100 Cr is ~2.2x the company's current market capitalization of ₹45 Cr
- Altered MOA Object Clause to expand into solar, wind, and hybrid renewable energy generation and EPC projects
- Appointed M/s TRAK and Associates as Statutory Auditors for a 5-year term from the 16th to 21st AGM (2031)
- Appointed Sheeza Abbas (Independent Director) and Ramakrishna Avadhanam (Whole Time Director) for 5-year terms
Times Green Energy's Board has approved an enabling resolution to raise up to ₹100 crore via equity shares or other permissible modes, subject to shareholder approval at the ensuing AGM. This proposed fundraise is substantial, representing ~222% of the company's current market capitalization of ₹45 crore. The Board also approved amending its Memorandum of Association (MOA) to expand into wind, solar, and hybrid renewable energy projects. Additionally, M/s. TRAK and Associates was appointed as Statutory Auditor for a 5-year term alongside board reconstitutions.
- Approved raising equity capital of up to ₹100 Crores subject to shareholder approval
- Proposed fundraise represents ~222% of the current market cap of ₹45 Crores
- Amended MOA object clause to enter wind, solar, and hybrid renewable energy generation
- Appointed M/s. TRAK and Associates as Statutory Auditors for a 5-year term up to 2030
- Appointed Ramakrishna Avadhanam as Whole Time Director for 5 years effective August 18, 2026
Times Green Energy (India) Ltd has scheduled a board meeting for August 18, 2026, to consider raising equity capital and altering the object clause of its Memorandum of Association. This follows a period where promoter holding dropped from 47.6% to 39.75% as of March 2026. The company, with a small market cap of ₹45 Cr, is also undergoing significant management changes, including the appointment of a new Whole Time Director and the exit of two existing directors. The proposed alteration of the object clause suggests a potential strategic pivot or expansion into new business lines.
- Board meeting scheduled for August 18, 2026, to approve raising equity capital through permissible modes
- Proposed alteration in the object clause of the Memorandum of Association, indicating a potential change in business focus
- Appointment of Mr. Ramakrishna Avadhanam as Whole Time Director and Ms. Sheeza Abbas as Independent Director
- Decision not to re-appoint two directors, Mr. Bhambal Ram Meena and Ms. Sripati Susheela, upon expiry of their terms
- Trading window closed from August 13, 2026, to August 20, 2026, for all designated persons
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