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Awaiting price reaction for this filing.
Tilak Ventures Limited has filed the Draft Letter of Offer (DLOF) dated October 9, 2025 with BSE for a proposed Rights Issue of equity shares to existing eligible shareholders. The total issue size is up to ₹8,913.94 lakhs (approximately ₹89.14 crores), assuming full subscription. The equity shares have a face value of ₹1 each, while the issue price, premium amount, and entitlement ratio are yet to be determined and shown as placeholders in the DLOF. The company has applied to BSE for in-principle listing approval of the rights shares. The promoters are Banas Finance Limited, Handful Investrade Private Limited, and Hunnar Jewels Limited. MUFG Intime India Private Limited is acting as the registrar to the issue. Key dates such as record date, issue opening and closing dates remain to be finalized.
Existing shareholders will get an opportunity to subscribe to additional equity shares in proportion to their current holdings, which could dilute their stake if they choose not to participate. The fund raise of up to ₹89.14 crores could strengthen the company's capital base, though the end-use of proceeds is not specified in this filing.