Tilak Ventures Limited, a listed company on the Bombay Stock Exchange (BSE), has officially announced the outcome of its Board Meeting held on Thursday, October 09, 2025, in which the Board of Directors approved the proposal to raise funds through a rights issue of equity shares aggregating up to ₹8,913.94 lakhs.

The move signifies a key step in strengthening the company’s capital base and providing existing shareholders with an opportunity to enhance their stake in the company through a rights issue mechanism, in line with SEBI’s regulatory framework.

Board Approval and Key Highlights

The Board of Directors of Tilak Ventures Limited, during its meeting held on October 09, 2025, approved the issuance of fully paid-up equity shares of face value ₹1 each, amounting to a total fundraising limit of ₹8,913.94 lakhs.

This rights issue will be offered to eligible equity shareholders of the company whose names will appear on the record date, which will be announced at a later stage.

The issuance will be conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013, and other applicable provisions, ensuring complete compliance with regulatory norms.

Formation of Rights Issue Committee

The company has also constituted a dedicated Rights Issue Committee to oversee and execute all procedural, administrative, and regulatory activities related to the issue.

This committee comprises:

• Mr. Girraj Kishor Agrawal, Executive Director

• Ms. Tanu Agrawal, Director

The committee has been empowered by the Board to take all necessary decisions for the smooth and timely execution of the rights issue process, including filing of documents, coordination with regulatory authorities, appointment of intermediaries, and determination of the record date and issue price.

Regulatory Filings and Compliance

Tilak Ventures Limited has made the announcement in line with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and as per the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The meeting of the Board of Directors commenced at 9:30 a.m. (IST) and concluded at 10:25 a.m. (IST), during which the proposal was discussed and formally approved.

The Company Secretary has communicated the decision to both BSE Limited and other concerned stakeholders, ensuring full transparency as per corporate governance standards.

Key Details of the Rights Issue (Annexure A)

Purpose and Strategic Importance of the Rights Issue

The rights issue aims to provide existing shareholders with a fair and proportionate opportunity to participate in the company’s future growth by subscribing to additional equity shares at a determined price.

Funds raised through this issue are expected to be utilised for:

• Strengthening the company’s capital structure and balance sheet.

• Supporting business expansion and operational growth initiatives.

• Enhancing liquidity and ensuring financial flexibility.

• Meeting general corporate purposes and future investment requirements.

The rights issue route allows companies to raise equity capital directly from existing shareholders rather than opting for external or institutional investors. This strategy ensures that shareholder value and control remain proportionally balanced.

Corporate Governance and Transparency

Tilak Ventures Limited continues to uphold strong corporate governance standards, ensuring transparency in all board-level decisions. The company has promptly disclosed all relevant information to stock exchanges in compliance with Regulation 30 of SEBI LODR Regulations.

By forming a specialised Rights Issue Committee, the company has demonstrated a proactive and structured approach toward ensuring compliance, documentation, and stakeholder communication.

The board’s decision reflects a long-term vision to strengthen the company’s financial stability, expand its market presence, and enhance shareholder trust.

Market Implications and Shareholder Impact

This fundraising move is likely to have a positive impact on the company’s financial health, allowing it to undertake new business opportunities and investments.

Existing shareholders will receive the right to subscribe to additional shares in proportion to their existing holdings, offering them a preferential opportunity to invest before new investors can participate.

Such issues often serve as a confidence-building measure among shareholders, showcasing the management’s commitment to long-term growth and value creation.

Compliance with SEBI and Companies Act Provisions

Tilak Ventures has aligned the rights issue process with all applicable laws, including:

• SEBI (ICDR) Regulations, 2018 – Governing capital raising and disclosure standards.

• Companies Act, 2013 – Defining shareholder rights, issue procedure, and board approval norms.

• Listing Regulations, 2015 – Ensuring transparency and disclosure obligations.

This structured approach demonstrates the company’s focus on regulatory adherence, investor protection, and financial discipline.

Conclusion

The approval of the ₹8,913.94 lakh rights issue by Tilak Ventures Limited represents a strategic financial move aimed at boosting equity capital, enhancing liquidity, and providing shareholders an opportunity to participate in the company’s growth.

With a well-defined regulatory and operational roadmap, and a dedicated committee overseeing execution, Tilak Ventures is set to complete this capital-raising initiative efficiently and transparently.

The decision aligns with the company’s long-term strategy of maintaining financial prudence, expanding its business portfolio, and creating sustainable value for all its stakeholders.

As the company moves ahead with implementation, shareholders and investors can expect stronger financial fundamentals, improved governance practices, and continued growth momentum from Tilak Ventures Limited in the upcoming quarters.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.