Submission of Final Letter of Offer for rights issue under Regulation 28 (1) of the Securities and Exchange Board of India (LODR) regulation 2015

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Price reactionminutes from the announcement price · days from the prior close

+17.6%Reaction day

₹1.93

prior close

₹2.29

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+18.2% vs market

Investment Company peers, median of 60sector-0.7%+18.4% vs sector

On the reaction day the stock moved 18.2 pts more than Nifty Microcap 250 and 18.4 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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AI summary

Tilak Ventures Limited has filed the final letter of offer for a rights issue of up to 8,91,39,612 equity shares at ₹1 per share (face value ₹1, issued at par, no premium). The total issue size is up to ₹8,913.94 lakhs (about ₹89.14 crore), offered in the ratio of 2 rights shares for every 1 share held. The record date is Monday, December 15, 2025. The issue opens on December 24, 2025, and closes on January 9, 2026, with allotment expected around January 12, 2026 and listing around January 14, 2026. Promoters are Banas Finance Limited, Handful Investrade Private Limited, and Hunnar Jewels Limited.

Likely market impact

Shareholders get 2 additional shares for every 1 held, but since the issue is at par (no discount or premium), there is no arbitrage benefit — investors must commit fresh cash to maintain their stake, or risk dilution. The company is raising up to ~₹89 crore, and shareholders should review the stated objects of the issue to understand how the funds will be used.