Announcement under Regulation30 (LODR) for appointment of secretarial auditor and additional non executive independent director
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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 has been appointed as Secretarial Auditor for a 5-year term ending in FY 2030-31. M/s. Pravin Chandak & Associates has been appointed as Statutory Auditor, also for a 5-year term. Mr. Mayank Borana, a Chartered Accountant with over 8 years of experience currently working as Assistant Manager at Cupid Limited, has been appointed as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The board also approved increasing the company's authorised share capital from Rs. 73.25 crore to Rs. 173.25 crore (more than doubling it), also subject to shareholder approval.
The more than doubling of authorised share capital suggests the company is preparing for a potential fundraising, rights issue, preferential allotment, or stock split in the near future, which could lead to equity dilution for existing shareholders. The new auditor and independent director additions are routine governance matters, though shareholders should watch for the actual capital-raising proposal that may follow.