We hereby submitting the Annual Report of the Company for FY 2024-25
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Tilak Ventures Ltd, an NBFC, has submitted its 44th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 44th AGM is scheduled for 29th September 2025 via video conferencing. For FY 2024-25, the company reported standalone total revenue of Rs. 2,606.47 lakhs, up about 63% from Rs. 1,598.66 lakhs in the previous year. Standalone profit before tax rose to Rs. 851.93 lakhs from Rs. 730.37 lakhs. Key items at the AGM include adopting accounts, re-appointment of a director, appointment of a new statutory auditor (M/s Pravin Chandak & Associates) to fill the casual vacancy caused by the resignation of M/s Bansal Gourav & Associates, approval to increase authorised share capital from Rs. 73.25 crore to Rs. 173.25 crore, and approval of related party transaction limits of up to Rs. 200 crore with each related party for 15 months.
Strong revenue growth and rising profits are positive for shareholders. However, investors should note the change in statutory auditor during the year, the large proposed increase in authorised share capital (potential dilution risk), and the steep related party transaction limit being sought, which may raise governance concerns.