Tilak Ventures Approves Scheme of Arrangement for Demerger

Tilak Ventures Limited's Board of Directors has approved a Scheme of Arrangement to demerge its Commodities (Trading) Activities into a new entity, Tilak Jewels Limited. The demerger is intended to unlock shareholder value through a more focused business approach and enhanced operational efficiency, aligning with global industry practices for size, scalability, and financial strength. The transaction will occur on a going concern basis, with no cash consideration involved. The Resulting Company, Tilak Jewels Limited, will issue shares to Tilak Ventures' shareholders in a mirror image of the existing shareholding structure. The demerged division reported Nil turnover for the financial year ended July 31, 2026. The scheme aims to maximize shareholder value and achieve higher long-term financial returns.