TVTilak Ventures503663Demerger announcement

Board approves demerger of Commodities (Trading) Activities; 7:3 share entitlement for shareholders

Board of Tilak Ventures met on 27 October 2026 and approved a Scheme of Arrangement to demerge its Commodities (Trading) Activities into Tilak Jewels Limited on a going concern basis.

By ScoutQuest · Tue 27 Oct 2026, 9:21 PM IST · 2 min read

Demerger Share Entitlement Ratio

for every 7 equity shares of Re. 1/- in Tilak Ventures, 3 equity shares of Re. 1/- of Tilak Jewels (ratio 7:3)

Demerged Division Turnover (FY ended 31 July 2026)

Rs. Nil, i.e. Nil % of the company's total revenue

Board Approval Date / Listing

Board met on 27 October 2026; listing of Tilak Jewels shares will be sought on BSE

Board approval

The board of Tilak Ventures Limited met on 27 October 2026 and approved a Scheme of Arrangement between Tilak Ventures Limited (Demerged Company) and Tilak Jewels Limited (Resulting Company) and their respective shareholders and creditors. The scheme is framed under sections 230 to 232 read with section 66 of the Companies Act, 2013.

The business being demerged

• The Commodities (Trading) Activities of Tilak Ventures move into Tilak Jewels on a going concern basis.
• Turnover of that division for the financial year ended 31 July 2026 was Rs. Nil, which is Nil % (approx.) of the total revenue of the Demerged Company for that period.
• The stated rationale is a strategic reorganisation that separates the commodities trading division, to pursue size, scalability, integration, financial strength and flexibility, and to unlock shareholder value through a more focused business approach and better operational efficiency.

Share entitlement

• For every 7 (seven) equity shares of face value of Re. 1/- each fully paid-up held in Tilak Ventures, shareholders get 3 (Three) equity shares of face value of Re. 1/- each, credited as fully paid-up, of Tilak Jewels.
• That works out to a ratio of 7 : 3.
• There is no cash consideration involved in the scheme.

Ownership and listing

• There will be no change in the shareholding pattern of Tilak Ventures.
• In Tilak Jewels, the entire pre-scheme issued, subscribed and paid-up equity capital held by Tilak Ventures along with its nominees will stand cancelled and annulled by operation of law, without further act or payment of consideration.
• New shares of Tilak Jewels will be issued to the shareholders of Tilak Ventures so that a mirror image of the shareholding structure is created in both companies, subject to consolidation of fractions.
• Tilak Jewels will apply for listing of its equity shares on BSE Limited.

What this means for a retail shareholder

• Your holding in Tilak Ventures stays as it is; once the scheme takes effect you also hold shares in Tilak Jewels in the 7:3 proportion.
• The division being separated reported turnover of Rs. Nil for the year ended 31 July 2026, so the demerger carves out a business that recorded no revenue for that period and shifts it into a separate company.
• The value of the two holdings together, and how the market treats them, will depend on the scheme becoming effective and the listing of Tilak Jewels shares.

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