annual report

TILAK VENTURES LIMITED Annual Report 2024-25 Date: 02nd September, 2026 The Department of Corporate Services, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Ref.: Scrip Code- 503663 Sub: Submission of Annual Report of the Company for the Financial Year 2025-26 pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Dear Sir(s), In terms of Regulation 34(1) of the Listing Regulations, please find enclosed the Annual Report for the Financial Year 2025-26 along with the Notice of the Annual General Meeting being dispatched to shareholders of the Company through electronic mode whose e-mail addresses are registered with the Company / Depository Participants / Registrar and Transfer Agent. The 45th Annual General Meeting (‘AGM’) of the Company will be held on Thursday, 24th September, 2026 at 04.00.P.M. through Video Conference/ Other Audio Visual Means, in accordance with the General Circular No. 09/2024, dated 19th September 2024, General circular no. 20/2020 dated May 5, 2020 read with General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020, General Circular No. 02/2021 dated January 13, 2021, General Circular No. 02/2022 dated May 5, 2022 and General Circular No. 10/2022 dated 28th December, 2022 the latest being 09/2023 dated September 25, 2023 issued by the Ministry of Corporate Affairs (‘MCA’), and Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, SEBI Circular No. SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021, further SEBI Circular No. SEBI/HO/CFD/CMD2/CIR/P/2022/62 dated May 13, 2022 and SEBI Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2023/4 dated 05th January, 2023 and the latest being SEBI Circular No. SEBI/HO/DDHS/P/CIR/2023/0164 dated 7th October, 2023 issued by the Securities and Exchange Board of India (‘SEBI’). The Annual Report of the Company is also available on the website of the Company at www.tilakfinance.wordpress.com Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. We request you to kindly take the above on your record. Thanking You Yours Faithfully, For TILAK VENTURES LIMITED GIRRAJ KISHOR AGRAWAL Managing Director Din No: 00290959 Date: - 02nd September, 2026 Place: -Mumbai TILAK VENTURES LIMITED 45th Annual Report FY 2025 -2026 Registered Office: E-109, Crystal Plaza, New Link Road, Opp. Infinity Mall, Andheri (West), Mumbai- 400053 Email: tilakfin@gmail.com 45th Annual General Meeting Annual Report 2025-26 TILAK VENTURES LIMITED Content Particulars Page No. Corporate Information & Other Details 3-5 Notice of 45th Annual General Meeting of the Company 6-14 Explanatory Statement to Resolutions 15-16 Additional information of Directors seeking Re- Appointment/Appointment 17 Board of Directors’ Report 18-25 Annexure to Directors’ Report • Form AOC-2 (Related Party Transaction) – Annexure I 26 • Form MR-3 Secretarial Audit Report – Annexure II 27-29 • Certificate of Non-Disqualification of Director Report– Annexure III 30 • Corporate Social Responsibility Spending Details: Annexure IV 31-32 Corporate Governance Report – Annexure V 33-41 Certificate on Corporate Governance- Annexure VI 42 Declaration on Code of Conduct - Annexure VII 43 Management Discussion and Analysis Report - Annexure VIII 44-45 CEO/CFO Certification - Annexure XI 46 Independent Auditors’ Report 47-55 Balance Sheet 56 Profit & Loss A/c 57 Cash Flow Statement 58 Notes forming part of Financial Statement 59-78 45th Annual General Meeting Page 2 Annual Report 2025-26 TILAK VENTURES LIMITED Corporate Information BOARD OF DIRECTORS Mr. Girraj Kishor Agrawal Managing Director Ms. Tanu Agrawal Non-Executive Non- Independent Director Mr. Vikash Kulhriya Non-Executive Independent Director Mr. Pratham Jethliya Non-Executive Independent Director Mr. Ashish Kachhara Non-Executive Independent Director Mr. Mayank Borana Non-Executive Independent Director KEY MANAGERIAL PERSONNEL Ms. Tarannum Bano Chief Financial Officer Mrs. Pratiksha Vaibhav Modi Company Secretary (Appointed w.e.f. 1st August, 2025) Mr. Davendra Kumar Company Secretary (Resigned w.e.f. 7th May 2025) BANKERS Au Small Finance Bank Limited LISTING Yes Bank limited BSE Limited (Script Code: 503663) INTERNAL AUDITOR REGISTERED OFFICE Mr. Ronak Ashok Surani E/109, Crystal Plaza, New Link Road, Opp. STATUTORY AUDITORS Infinity Mall, Andheri (West), Mumbai – 400053 M/s. Pravin Chandak & Associates, Chartered Email Id: tilakfin@gmail.com Accountants Website: https://tilakfinance.files.wordpress.com/ CORPORATE IDENTIFICATION NUMBER (CIN) L65910MH1980PLC023000 Script Code and ISIN Legal Entity Identifier ISIN: INE026L01022 9 8 4 5 0 0 9 D 4 H 0 0CRF4FB45 REGISTRARS & SHARE TRANSFER AGENT MUFG INTIME INDIA PVT. LTD, C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, MH -400083 Website: https://web.in.mpms.mufg.com/ Email Id: mumbai@in.mpms.mufg.com SECRETARIAL AUDITOR M/s. Jay Bhatt & Associates Practicing Company Secretary 45th Annual General Meeting Page 3 Annual Report 2025-26 TILAK VENTURES LIMITED EXEMPTION FROM REQUIREMENT OF DISPATCHING THE PHYSICAL COPIES OF THE ANNUAL REPORT: MCA has vide General Circular no. 09/2024 dated 19th September 2024 read with General Circular No. 20/2020, dated 05.05.2020, General circular No. 02/2022, dated 05.05.2022, General Circular No. 28.12.2022, and General circular No. 09/2023 dated 25th September 2023 has relaxed the requirements of sending notices required in terms of Section 101 read with Rule 19 of the Companies (Management and Administration) Rules, 2014. In similar lines, it is requested to exempt the companies from the requirements of the dispatch of the annual reports in physical form as envisaged under Sections 136 of the Companies Act, 2013 and rules framed thereunder. According to the Circular of MCA the company will sent Notice of AGM and Annual Report to all the members through email registered with the records of the company and company request to the members whose email id is not registered in the records of Company/RTA they should get register their email id with Company/RTA, the members whose Email Id is not registered with company/RTA can download the copy of AGM Notice and Annual Report from Website of the Company www.tilakfinance.wordpress.comThe company will also provide link of the same in the newspaper publication of the notice calling AGM. HOLDING OF THE ANNUAL GENERAL MEETING (AGM’) THROUGH VC/OAVM FACILIT: The Ministry of Corporate Affairs (“MCA”) has, vide its General Circular dated September 22, 2025 read together with circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023 and September 19, 2024 (collectively referred to as “MCA Circulars”), permitted convening the Annual General Meeting (“AGM” / “Meeting”) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”), without physical presence of the members at a common venue. In accordance with the MCA Circulars and applicable provisions of the Companies Act, 2013 (“Act”) read with Rules made thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the AGM of the Company is being held through VC / OAVM. The deemed venue for the AGM shall be the registered office of the Company. The Company has already embarked on this initiative and proposes to send documents including Annual Reports in electronic form to the Members on the email address provided by them to the R&T Agent/the Depositories. The Members whose email Id is not Registered with the Company are requested to intimate/update their email address to the Company/R&T Agent, those members whose email id is not registered with company c [Showing first 8,000 characters — download PDF for full document]