Description

Tilak Ventures Limited has fixed December 15, 2025 as the record date for rights issue of 2 equity shares for every 1 share held at Re.1/- per share payable on application.

Summary

Tilak Ventures Limited (Scrip Code: 503663) has announced a rights issue of equity shares with a record date of December 15, 2025. Existing shareholders will be entitled to subscribe to 2 new equity shares of Re.1/- each at par for every 1 equity share held. The shares will trade on ex-rights basis from December 15, 2025 (Settlement No. DR-777/2025-2026).

Key Points

  • Company: Tilak Ventures Limited (Scrip Code: 503663)
  • Rights ratio: 2:1 (Two new shares for every one existing share)
  • Face value: Re.1/- per equity share
  • Issue price: Re.1/- per share (at par)
  • Payment terms: Full amount payable on application
  • Segment: Dematerialised Securities - Rolling Settlement
  • Ex-rights trading begins from December 15, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for a rights issue in compliance with existing SEBI and BSE regulations.

Compliance Requirements

  • Trading members must execute all transactions in Tilak Ventures Limited shares on ex-rights basis from December 15, 2025
  • Settlement number DR-777/2025-2026 applies for the ex-rights trading
  • Members must adjust their systems to reflect the ex-rights status for accurate price discovery and settlement

Important Dates

  • Record Date: December 15, 2025 - Shareholders registered as of this date will be eligible for the rights issue
  • Ex-Rights Date: December 15, 2025 (Settlement No. DR-777/2025-2026) - Trading begins on ex-rights basis from this date
  • Notice Date: December 10, 2025

Impact Assessment

Market Impact: The rights issue will result in significant dilution as the company is offering 2 shares for every 1 existing share, potentially tripling the outstanding share capital if fully subscribed. Trading on ex-rights basis from December 15, 2025 will likely result in price adjustment to reflect the value transfer from existing shares to rights entitlement.

Shareholder Impact: Existing shareholders have the opportunity to maintain their proportionate ownership by subscribing to the rights issue at par value (Re.1/-). Non-participation will result in ownership dilution.

Operational Impact: Trading members must ensure their systems are updated to handle ex-rights trading from the specified date to ensure proper price discovery and settlement processes.

Impact Justification

Rights issue allows existing shareholders to subscribe to additional shares at par value in 2:1 ratio, impacting share capital structure and providing capital raising opportunity for the company.