Tilak Ventures Limited shareholders approved all resolutions at the 45th Annual General Meeting held on September 24, 2026. The company disclosed the consolidated voting results and scrutinizer's report on September 28, 2026.

The proceedings were conducted in compliance with Ministry of Corporate Affairs and SEBI circulars permitting virtual meetings. A total of 186 members participated in the voting process through the digital platform, casting votes for 375,882,564 equity shares. The e-voting facility was provided by National Securities Depository Limited, with the remote voting window open from September 21 to September 23, 2026.

Key resolutions passed

The Chairman, Girraj Kishor Agrawal, presented the standalone audited financial statements for the financial year ended March 31, 2026. Shareholders adopted these statements along with the Board of Directors' report and the Independent Auditors' Report. This resolution received support from 99.9986% of valid votes cast.

The meeting also addressed the re-appointment of directors and auditors. Mrs. Tanu Agrawal, Non-Executive Non-Independent Director, was re-appointed following her retirement by rotation under Section 152(6) of the Companies Act, 2013. The resolution for her re-appointment was approved by 99.9980% of the votes.

Director and auditor appointments

Shareholders approved the re-appointment of Vikash Kulhriya (DIN: 09014921) as an Independent Director for a second term via a special resolution. His tenure will extend from the conclusion of this AGM till the conclusion of the Annual General Meeting to be held in FY32. Kulhriya brings extensive experience in Finance & Audit, including statutory audits of banks. The resolution was supported by 99.9981% of valid votes.

Additionally, shareholders approved the appointment of Jay Bhatt & Associates as the secretarial auditor of the company. The firm, registered with The Institute of Company Secretaries of India (COP No: 28320), will serve for a term of 5 years, holding office from the conclusion of this AGM till the conclusion of the AGM in FY32. The firm has prior experience handling compliances for listed and unlisted companies under the Companies Act and SEBI regulations. This appointment received 99.9984% approval.

Voting results summary

The following table summarizes the voting outcomes for the key resolutions passed during the AGM:

Note: For Item No 5 (Related Party Transactions), only 184 members voted, representing 200,244,528 shares, as opposed to the full 186 members voting on other items.

Attendance and governance details

The board of directors present at the meeting included five independent directors alongside the Managing Director and a Non-Executive Director. Key managerial personnel, including the Chief Financial Officer and Company Secretary, were also present virtually.

Jay Bhatt & Associates served as the scrutinizer for both remote e-voting and e-voting during the AGM. The company secretary confirmed that voting results would be announced within 48 hours at the registered office and displayed on the company website.

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.