Approval of allotment of equity shares on rights basis
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Tilak Ventures Limited has approved the allotment of approximately 89.14 crore fully paid-up equity shares under its rights issue at ₹1.00 per share (equal to face value). Post-allotment, the company's total equity share count rises from about 44.57 crore shares to roughly 133.71 crore shares, effectively tripling its paid-up capital from about ₹44.57 crore to ₹133.71 crore. The allotment follows the Letter of Offer dated December 15, 2025, and was finalized after consultation with BSE Limited and the Registrar to the Issue. The Board meeting concluded at 6:25 p.m. on January 12, 2026.
The rights shares have been allotted at face value, meaning eligible shareholders get them at no premium. The threefold increase in share count will dilute existing shareholders' holdings significantly unless they fully subscribed to their rights entitlement.