Tilak Ventures Limited has acquired 100% equity shares of Tilak Jewels Limited, converting the entity into a wholly owned subsidiary. The transaction was executed through a Share Purchase Agreement at a price of ₹1 per share, paid as cash consideration.

The acquisition was approved by the company's Board of Directors during a meeting held on September 24, 2026. The move signifies a consolidation of assets under the parent company's corporate structure, specifically targeting expansion into commodity trading.

Board approval details

The Board meeting commenced at 5:30 pm and concluded at 6:30 pm at the registered office in Mumbai. The decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key transaction facts

Strategic rationale and target profile

The acquisition aims to expand the company's business portfolio by leveraging synergies and growth prospects from the target entity's operations. Tilak Jewels Limited is engaged in the business of commodity trading. The target company was incorporated on August 1, 2026, and has its presence in India. No turnover data for the last three financial years was applicable due to the recent incorporation date.

The deal is classified as a related party transaction, as there are common directors between Tilak Ventures Limited and Tilak Jewels Limited. No governmental or regulatory approvals were required for the acquisition, which is expected to be completed within 15 days.

Tilak Ventures has scheduled its 45th Annual General Meeting (AGM) for September 24, 2026. The meeting will be conducted through electronic mode, with remote e-voting available from September 21 to September 23.

The company’s board of directors had earlier approved key governance decisions during its meeting on September 1, 2026. These included the re-appointment of directors and the approval of the Director’s Report and Secretarial Audit Report for FY25-26. The draft notice for the AGM was also finalized during this session.

AGM Schedule and E-Voting Details

The company has outlined the timeline for the AGM and associated e-voting processes. Shareholders must hold records as of the cut-off date to be eligible to vote.

The e-voting facility will be provided by NSDL. M/s. Jay Bhatt & Associates has been appointed as the Scrutinizer for the AGM.

Key Governance Actions

The board took several administrative and governance-related decisions during its September 1 session:

• Re-appointment of Mrs. Tanu Girraj Agrawal as a Non-Executive Non-Independent Director, retiring by rotation.
• Approval of the re-appointment of Mr. Vikash Kulhriya as an Independent Director for his second term.
• Appointment of M/s. Jay Bhatt & Associates as Secretarial Auditors for a five-year term, from April 1, 2026, to March 31, 2031.

Secretarial Auditor Profile

M/s. Jay Bhatt & Associates, holding Certificate of Practice No. 28320 with The Institute of Company Secretaries of India (ICSI), will conduct the secretarial audit. The firm specializes in secretarial and legal compliances under the Companies Act, SEBI regulations, and stock exchange requirements. There are no disclosed relationships between the firm and the company’s directors.