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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Awaiting price reaction for this filing.
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.
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.