The Board of Directors Meeting held today have approved the Fund raising by way of an amount not exceeding Rs.8,913 Lakhs by way of Rights Issue
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Tilak Ventures Ltd's Board of Directors, at a meeting held on October 9, 2025, approved a fund-raising plan through a Rights Issue of fully paid-up equity shares (face value ₹1 each) for an amount not exceeding ₹8,913.94 Lakhs (approximately ₹89.14 crore). The rights issue will be offered to eligible equity shareholders as on a record date, which is yet to be determined and notified. The company has constituted a Rights Issue Committee comprising Executive Director Girraj Kishor Agrawal and Director Tanu Agrawal to oversee the process. The issue will be carried out in compliance with SEBI's ICDR Regulations, the Companies Act, 2013, and other applicable laws.
This Rights Issue will lead to dilution of existing shareholders' holdings unless they fully subscribe to their entitlement. The stock may face short-term pressure once the issue price and record date are announced, as the attractiveness of the offer will depend on the discount (if any) to the prevailing market price — details of which are yet to be disclosed.