Tilak Ventures Ltd — Important, 01-01-1970: Company Update

Prismx Global Ventures Limited has significantly increased its stake in Tilak Ventures Ltd by acquiring 17,00,00,000 equity shares through a Rights Issue. This acquisition boosted Prismx's holding in Tilak Ventures from 1.43% to 14.14%. Before the acquisition, Tilak Ventures' equity capital was approximately Rs. 44.57 Cr, which expanded to about Rs. 133.71 Cr after the issue. This move establishes Prismx Global Ventures as a major shareholder, enhancing its influence and showing increased confidence in Tilak Ventures' business and future direction.