The Board of Directors of the Company ('Board'), at its meeting held today i.e. Thursday, October 09, 2025, has, approved fund raising by way of offer and issuance of fully paid-up equity ....
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The Board of Directors of Tilak Ventures Ltd, at its meeting held on October 09, 2025, approved raising funds through a Rights Issue of fully paid-up equity shares having a face value of ₹1.00 each. The total issue size will not exceed ₹8,913.94 Lakhs, offered to eligible equity shareholders as on a record date to be notified later. The Board has constituted a Rights Issue Committee comprising Girraj Kishor Agrawal (Executive Director) and Tanu Agrawal (Director) to oversee the process. The issue will be carried out under the SEBI (ICDR) Regulations, 2018, the Companies Act, 2013, and other applicable laws. The Board meeting commenced at 9:30 a.m. and concluded at 10:25 a.m. IST.
Existing shareholders will get the opportunity to subscribe to the Rights Issue in proportion to their holdings, but non-participation could lead to dilution of their stake. The company has not disclosed the specific purpose or use of funds, so investors should watch for further announcements clarifying the deployment of the raised amount.