Outcome for board meeting for the following approval of 1. Proposal for sale of 100% of its Equity investment in its Subsidiary, Yosto Ventures Pvt Ltd. Post the Proposed Transaction ....
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Awaiting price reaction for this filing.
Tilak Ventures' board, at its June 4, 2025 meeting, approved selling its entire 100% equity stake in subsidiary Yosto Ventures Pvt Ltd for Rs 16.65 lakhs. Yosto contributed only Rs 66.66 lakhs in revenue (3.05% of consolidated revenue) and Rs 29.09 lakhs in net worth (0.21% of consolidated net worth), making it a financially minor subsidiary. The buyer is Girraj Kishor Agrawal HUF, the Managing Director's family entity, qualifying the deal as a related party transaction executed at arm's length. Completion is expected within 30 days. Separately, the board appointed HRU & Associates as secretarial auditor for FY 2024-25.
Minimal financial impact on Tilak Ventures given the subsidiary's tiny contribution to consolidated revenue and net worth. Shareholders may want to monitor the related-party nature of the transaction, though the small size and arm's-length pricing limit material risk.