Taylormade Renewables Limited announced a private placement of 265,385 fully convertible warrants at a price of INR 129.75 per warrant for gross proceeds of INR 34,433,703.75 on November 10, 2023. The warrants will be convertible into one common share of the company at INR 389.25 per share and will mature in 18 months from the date of the allotment. The transaction will include participation from new investors Tano lnvestments Opportunity fund for 100,000 warrants; Hypotenuse lnvestment for 15,000 warrants; WOW lnvestment for 15,000 warrants; Sharad Goel for 15,000 warrants; Dipak Raheja for 10,000 warrants; Anmol Singh Jaggi for 10,000 warrants; Himanshu Aggarwal for 9,615 warrants; Padam Kumar Agarwala for 19,231 warrants; Sushrut Shashank Desai for 12,500 warrants; Vinayak Raghunath Chaukar for 4,809 warrants; Sonal Rajesh Rawani for 9,615 warrants; Geeta Bharat Sampat for 10,577 warrants; Falguni ManojSampat for 4,808 warrants; Vimura's Family private Trust for 19,231 warrants; Vivek Dave for 5,000 warrants; Uday Ventures for 5,000 warrants.

The transaction has been approved by the board of directors of the company.