Update for Board meeting held for approval of issue of securities on rights basis
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Tilak Ventures Ltd's board approved a rights issue of up to ₹89,13,93,612 (about ₹89.14 crore) by issuing 89,13,93,612 equity shares of face value ₹1 each at a price of ₹1 per share (issued at par, no premium). The entitlement ratio is 2:1, meaning shareholders get 2 rights shares for every 1 share they hold as on the record date of Monday, December 15, 2025. The rights issue window runs from December 24, 2025 to January 9, 2026, with an on-market renunciation period from December 24, 2025 to January 2, 2026 for shareholders who do not wish to subscribe.
Eligible shareholders will need to contribute additional capital to maintain their proportional ownership; otherwise their stake will be diluted by two-thirds. Since the issue is at par (no discount), there is no built-in price incentive to subscribe, but shareholders can sell their rights entitlements on-market between Dec 24 and Jan 2 if they choose not to invest further.