Prismx Global Ventures Acquires 12.71% Stake in Tilak Ventures Through Rights Issue

Prismx Global Ventures Limited has announced a substantial acquisition of shares in Tilak Ventures Limited, filing the mandatory disclosure under SEBI's takeover regulations. The acquisition, completed through a rights issue, represents a significant increase in the company's shareholding position.

Acquisition Details

The transaction involved the acquisition of 17,00,00,000 shares of Tilak Ventures Limited through a rights issue completed on January 13, 2026. This acquisition represents 12.71% of the company's voting capital and was disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Parameter	Details
Shares Acquired	17,00,00,000
Acquisition Method	Rights Issue
Percentage Acquired	12.71%
Transaction Date	January 13, 2026
Target Company Scrip Code	503663 (BSE)

Shareholding Pattern Changes

The acquisition has resulted in a substantial change in Prismx Global Ventures' shareholding pattern in Tilak Ventures. The company's stake has increased significantly following the rights issue participation.

Shareholding Position	Before Acquisition	After Acquisition	Change
Number of Shares	1,90,93,068	18,90,93,068	+17,00,00,000
Voting Rights Percentage	1.43%	14.14%	+12.71%

Capital Structure Impact

The rights issue has significantly expanded Tilak Ventures' equity base, with the total share capital increasing substantially post-transaction.

Capital Structure	Pre-Issue	Post-Issue
Total Equity Shares	44,56,96,806	1,33,70,90,418
Share Capital Value	₹44,56,96,806.00	₹1,33,70,90,418.00
Face Value per Share	₹1.00	₹1.00

Regulatory Compliance

The disclosure was filed with the Bombay Stock Exchange on January 16, 2026, by Ravindra Bhaskar Deshmukh, CEO & Director of Prismx Global Ventures Limited (DIN: 00290973). The company confirmed that it does not belong to the promoter or promoter group of Tilak Ventures Limited. Tilak Ventures Limited shares are listed on the Bombay Stock Exchange Limited under scrip code 503663.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.01%	-49.75%	-37.27%	-43.89%	-43.26%	+38.36%

Tilak Ventures Limited has successfully completed a major rights issue, allotting 89,13,93,612 fully paid-up equity shares at ₹1.00 per share on January 12, 2026. The board of directors approved this significant capital raising exercise during a meeting held from 5:25 PM to 6:25 PM.

Rights Issue Details and Execution

The allotment was conducted in accordance with the Letter of Offer dated December 15, 2025, and followed the finalization of the basis of allotment in consultation with the designated stock exchange, BSE Limited, and the registrar to the issue. Each equity share carries a face value of ₹1.00 and was offered to eligible applicants at the same price of ₹1.00 per right share.

Capital Structure Transformation

The rights issue has resulted in a dramatic expansion of the company's equity base. The following table illustrates the significant change in the company's capital structure:

Parameter:	Prior to Rights Issue	Post Rights Issue	Growth
Number of Equity Shares:	44,56,96,806	1,33,70,90,418	200.00%
Paid-up Capital:	₹44,56,96,806.00	₹1,33,70,90,418.00	200.00%
Face Value per Share:	₹1.00	₹1.00	No change

Corporate Governance and Compliance

The allotment process was conducted under Regulation 30 of the securities regulations, ensuring full compliance with regulatory requirements. The company has maintained transparency throughout the process, with proper consultation with BSE Limited as the designated stock exchange and coordination with the registrar to the issue.

Strategic Capital Enhancement

This rights issue represents a substantial capital infusion for Tilak Ventures Limited, with the paid-up capital increasing from ₹44.57 crores to ₹133.71 crores. The successful completion of this rights issue demonstrates strong investor confidence and provides the company with enhanced financial resources for its business operations and growth initiatives.