We hereby submit the outcome of board meeting for approved the allotment of 89,13,93,612 Fully paid-up Equity Shares of face value of ?1.00/- per Equity Share at price of Rs.. ?1.00/- per ....
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Tilak Ventures Limited's board has approved the allotment of 89,13,93,612 fully paid-up equity shares of face value ₹1.00 each at an issue price of ₹1.00 per share under its Rights Issue. Following this allotment, the company's paid-up equity capital rises from ₹44.57 crore (44.57 crore shares) to ₹133.71 crore (133.71 crore shares), meaning the share count has tripled. The Rights Issue ratio works out to approximately 2 new shares for every 1 share held by eligible shareholders. The Letter of Offer was dated December 15, 2025, and the allotment was finalized after consulting BSE as the designated stock exchange and the Registrar to the Issue.
This is a large dilution event — the equity base has grown roughly 3x, which can weigh on the stock price post-allotment due to expanded share supply. Shareholders who did not subscribe to their rights will see their effective stake reduced significantly. New shares will start trading shortly, adding float to the market.