Outcome of Board meeting held for approval of issue of shares on rights basis
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Tilak Ventures' board approved a rights issue of up to 8,91,39,612 equity shares (face value and issue price of ₹1 each), aggregating up to ₹89.14 crore. The entitlement ratio is 2:1, meaning shareholders get 2 rights shares for every 1 share held. The record date is fixed as Monday, December 15, 2025 to identify eligible shareholders. The rights issue opens on December 24, 2025 and closes on January 9, 2026, with an on-market renunciation window from December 24, 2025 to January 2, 2026. The shares are being issued at par (no premium), and entitlements will be credited in demat accounts before the issue opening date.
The 2:1 ratio will double the share count of the company, which may dilute existing shareholders unless they fully subscribe. Since the issue is at par (₹1), the attractiveness depends on the prevailing market price — shareholders should evaluate whether the issue price represents a meaningful discount before deciding to subscribe.