Times Green Energy Share Price in Focus; Announces 1:1 Bonus Issue

Times Green Energy (India) Limited disclosed key corporate actions following its Board meeting on February 5, 2026, including a bonus share issuance and change in statutory auditors. The proposals are pending shareholder approval via postal ballot. 

Bonus Share Issue in 1:1 Ratio 

The Board approved a bonus issue in the ratio of 1:1, issuing 27,87,200 new equity shares of ₹10 each. This will increase paid-up capital from ₹2,78,72,000 to ₹5,57,44,000.  

The shares will be capitalised from free reserves, securities, premium account, or profit and loss account. The record date and exact dispatch date by April 5, 2026, will be announced separately. 

Resignation and Appointment of Statutory Auditor 

M/s VASG & Associates resigned as statutory auditor effective February 5, 2026, citing non-availability of staff. The Board appointed M/s TRAK & Associates, Hyderabad (FRN 017290S), to fill the vacancy until the next AGM. This appointment requires shareholder approval at the upcoming general meeting. 

Scrutiniser Appointment and Next Steps 

Mr Jigar Kumar Gandhi, Practicing Company Secretary (FCS 7569), has been appointed to scrutinise the postal ballot and e-voting process.  

A draft notice for the postal ballot has been prepared to seek member consent for the bonus issue and auditor appointment. 

Read More: Cupid Limited Announced 4:1 Bonus Issue to Ease Access for Retail Investors! 

Times Green Energy Share Price Performance  

As of February 06, 2026, at 9:16 AM, Times Green Energy share price on BSE is trading at ₹87.96. 

Conclusion 

Times Green Energy has proposed a 1:1 bonus issue and a change in statutory auditor, both pending shareholder approval. The company has taken steps to ensure transparency in the voting process by appointing a designated scrutiniser. 

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