Proceedings of AGM held on 29th September, 2025
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Tilak Ventures held its 44th AGM on September 29, 2025 via video conferencing, lasting just 9 minutes (4:00 PM to 4:09 PM) with 74 members present. Eight ordinary resolutions were transacted, including adoption of FY25 audited financial statements, re-appointment of Mrs. Tanu Agrawal as director (retiring by rotation), and appointment of M/s. Pravin Chandak & Associates as statutory auditors for a 5-year term. Under special business, the company sought shareholder approval to increase its authorised share capital, alter the capital clause in its Memorandum of Association, and approve material related party transactions of up to Rs. 200 crore. Mr. Mayank Borana was regularised as a non-executive independent director, and HRU & Associates was appointed as secretarial auditor. The Managing Director briefed shareholders on business activities and FY25 revenue and profit/loss. E-voting was conducted via NSDL portal (September 26-28), and voting results were to be announced within 48 hours.
The Rs. 200 crore material related party transaction limit and the proposed increase in authorised share capital are the most significant items for shareholders, as they could pave the way for future fundraising or dilution. A new statutory auditor was appointed for a full 5-year term, and a new independent director was added to the board. Investors should watch for the voting results announcement for confirmation of approvals.