TILAK : BOARD APPROVES DEMERGER OF COMMODITIES TRADING BUSINESS INTO TILAK JEWELS

• Scheme of arrangement to demerge Commodities (Trading) Activities of Tilak Ventures into Tilak Jewels on a going concern basis • Share entitlement ratio 7:3 — 3 equity shares of Re 1 each of Tilak Jewels for every 7 equity shares of Re 1 each held in Tilak Ventures • No cash consideration involved in the scheme • Turnover of the demerged Commodities (Trading) division for FY ended 31 July 2026 was ₹Nil, Nil% of total revenue • Mirror image shareholding to be created in both companies; pre-scheme capital of Tilak Jewels held by Tilak Ventures to be cancelled • Resulting company Tilak Jewels to apply for listing of its equity shares on BSE Impact: Neutral (Demerger creates a separately listed jewels entity, but the demerged division had nil turnover and no cash consideration is involved)

Tilak Ventures Ltd

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