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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Tilak Ventures' Board has approved raising funds up to ₹8,913.94 Lakhs through a Rights Issue of fully paid-up equity shares (face value ₹1 each). The issue will be offered to eligible existing shareholders as on a record date, which is yet to be announced. The Board has also set up a Rights Issue Committee headed by Executive Director Girraj Kishor Agrawal and Director Tanu Agrawal to oversee the process. The specific purpose or use of proceeds for the funds raised has not been disclosed in the filing. The Board meeting was held on October 9, 2025, from 9:30 a.m. to 10:25 a.m. IST.
Existing shareholders will get the opportunity to subscribe to the Rights Issue in proportion to their existing holdings, which helps them maintain their stake. If they do not subscribe, their holding will get diluted. The size of the raise is significant relative to a small-cap company and could lead to dilution unless the funds support clear growth or value-accretive plans.