Announcement under Regulation 30 (LODR) for appointment of M/s. Pravin Chandak & Associates as statutory auditor of the company
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Tilak Ventures Ltd's board, at a meeting held on 29th August 2025, approved four key items. M/s. HRU & Associates was re-appointed as Secretarial Auditor for 5 years (till FY 2030-31). M/s. Pravin Chandak & Associates, a Mumbai-based CA firm, was appointed as the new Statutory Auditor for a 5-year term. Mr. Mayank Borana, a Chartered Accountant with over 8 years of experience (currently Assistant Manager at Cupid Limited), was appointed as Additional Non-Executive Independent Director for 5 years. Additionally, the board approved increasing the authorised share capital from Rs. 73.25 crore to Rs. 173.25 crore (a jump of Rs. 100 crore, roughly 136% increase), subject to shareholder approval.
The sharp increase in authorised share capital suggests the company may be planning a fundraising round, preferential allotment, or stock split/bonus issue in the near future. For shareholders, the change in statutory auditor and the addition of a new independent director are routine governance matters that may have a neutral to mildly positive effect on compliance perception.