In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform Stock Exchange that the ....
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Tilak Ventures' board approved the Director's Report and 44th AGM notice (to be held via video conferencing). It appointed M/s. Pravin Chandak & Associates as Statutory Auditors and M/s. HRU & Associates as Secretarial Auditors, both for a 5-year term. Mr. Mayank Borana, a Chartered Accountant currently working at Cupid Limited, was appointed as an Additional Non-Executive Independent Director for 5 years. The board also approved a major increase in authorised share capital from Rs. 73.25 crore to Rs. 173.25 crore (more than doubling), pending shareholder approval. Related Party Transactions were also cleared.
The sharp jump in authorised share capital signals the company is likely planning a future fundraising or equity dilution, which could affect existing shareholders if new shares are eventually issued. The new auditor and independent director appointments are routine governance steps ahead of the AGM.