Board Meeting Details
The Board of Directors of Tilak Ventures Limited approved the Scheme of Arrangement in their meeting held on October 27, 2026. The meeting commenced at 5:00 PM and concluded at 7:10 PM.
Scheme Details
The Scheme proposes to demerge the Commodities (Trading) Activities of Tilak Ventures Limited (Demerged Company) with and into Tilak Jewels Limited (Resulting Company) on a going concern basis.
Financial Metrics
- Turnover of the demerged Commodities (Trading) division for FY ended July 31, 2026: ₹ Nil
- This represents approximately Nil% of the total revenue of Tilak Ventures Limited for the same period
Rationale for Demerger
The demerger is proposed:
- To achieve size, scalability, and integration
- To attain greater financial strength and flexibility
- To maximize shareholder value and achieve higher long-term financial returns
- To ensure unlocking shareholder value through more focused business approach
- To enhance operational efficiency
Shareholding Pattern Changes
Demerged Company (Tilak Ventures Limited): No change in shareholding pattern
Resulting Company (Tilak Jewels Limited):
- The entire pre-scheme issued, subscribed and paid-up equity share capital of Tilak Jewels Limited held by Tilak Ventures Limited along with its nominees will stand cancelled, extinguished and annulled by operation of law
- No consideration will be paid for this cancellation
- A mirror image of the shareholding structure will be created in both companies
Consideration Structure
- No cash consideration involved in the Scheme
- Share exchange ratio: For every 7 (seven) equity shares of face value of ₹1 each fully paid-up held in Tilak Ventures Limited, 3 (three) equity shares of face value of ₹1 each credited as fully paid-up of Tilak Jewels Limited
- Ratio: 7:3
Listing Plans
Upon the Scheme becoming effective, Tilak Jewels Limited will apply for listing of its equity shares on BSE Limited in accordance with applicable laws.
Additional Information
The detailed disclosure is available on the company's website (www.tilakfinance.wordpress.com) and the stock exchange website (www.bseindia.com).