Monitoring Agency Report for the Quarter ended March 31, 2026 for utilization of funds raised in the rights issue of the company
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Tilak Ventures Ltd has submitted its quarterly monitoring agency report for the rights issue completed in Q4 FY2026. The company raised Rs. 89.14 crore through a rights issue (89,13,93,612 equity shares at Rs. 1 per share in 2:1 ratio). After deducting Rs. 0.60 crore in issue expenses, net proceeds of Rs. 88.54 crore have been fully deployed towards working capital requirements. The deployment includes Rs. 60.62 crore in shares and government bonds, and Rs. 27.92 crore in bullion and commodities. The monitoring agency Infomerics Valuation and Rating Limited has confirmed no deviations from the offer document, no delays in implementation, and no material changes to the means of finance. The funds are being used for the company's commodity trading and financing activities including F&O trading.
The filing shows proper and compliant utilization of rights issue proceeds with no red flags. Full deployment as stated in the offer document is a positive indicator for shareholders, confirming the company is executing its stated business plans without deviations.