Tilak Ventures Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L65910MH1980PLC023000 Incorporated 18 August 1980 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 503663 Public Limited Company financial services
Data last updated
Market Cap
₹175 Cr
TILAK · BSE
Share Price
₹1.30
-0.76% today
Revenue
₹26.64 Cr
FY 2024-25 · +58.3% YoY
EBITDA
₹8.42 Cr
Margin 31.6%
Net Profit
₹6.22 Cr
FY 2024-25 · +17.4% YoY
P/E (TTM)
28.2x
P/B 0.8x
ROE
5.7%
ROCE 7.5%
Debt / Equity
0.05
Interest cover 0.4x

About Tilak Ventures Limited

Data last updated:

Tilak Ventures Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 August 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65910MH1980PLC023000. Its GSTIN is 27AAACT2373C1ZN (Maharashtra). Its shares are listed on BSE: 503663.

The company has an authorised share capital of ₹173.25 Cr and a paid-up capital of ₹133.71 Cr. It was formerly known as Tilak Finance Limited and Out of City Travel Solutions Limited. It is led by directors including Girraj Kishor Agrawal (Managing Director) and Vikash Kulhriya.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at E/109 Crystal Plaza New Link Road Opp. Infinity Mall Andheri (West), Mumbai, Maharashtra, India – 400053.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹30.43 Cr, a growth of 17.2% compared to the previous year. For the same year it recorded a net profit of ₹9.63 Cr (net margin 31.6%) and EBITDA of ₹8.43 Cr (EBITDA margin 27.7%). The net worth stands at ₹231.37 Cr (up 67.2% YoY). Total assets are valued at ₹231.37 Cr (up 58.1% YoY).

Its group structure includes 1 subsidiary.

Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 2 cases are pending. The company has 28 deals on record (24 market trades, 3 rights issues, 1 acquisition); the latest was in January 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tilakfinance.wordpress.com.

Company details

CIN L65910MH1980PLC023000
Registration Number 023000
Incorporation Date 18 August 1980
ROC Mumbai
Listing Status Listed (BSE: 503663)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Tilak Ventures has undergone 2 name changes throughout its history. The company was previously known as Tilak Finance Limited, and Out Of City Travel Solutions Limited. The current legal name is Tilak Ventures Limited.

Company NameStatus
Tilak Ventures LimitedCurrent
Tilak Finance LimitedPrevious
Out Of City Travel Solutions LimitedPrevious

CIN history

Tilak Ventures has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65910MH1980PLC023000, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L65910MH1980PLC023000Current
U65910MH1980PLC023000Previous
L63023MH1980PLC023000Previous

Contact details

Tilak Ventures Limited's registered office is in Mumbai, Maharashtra. Its website is tilakfinance.wordpress.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    E/109 Crystal Plaza New Link Road Opp. Infinity Mall Andheri (West), Mumbai, Maharashtra, India – 400053
  • Industry
    Financial Services, Diversified Financial Services, Brokerage & Trading Services

To see the full contact details of Tilak Ventures Limited, buy the company report.

Comprehensive company report
Tilak Ventures Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activities of Tilak Ventures are financial and insurance service and trade. In detail, this covers other financial activities and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Tilak Ventures Limited, buy the company report.

Financials of Tilak Ventures Limited

FY 2025-26 filings available

Tilak Ventures Limited reported revenue of ₹30.43 Cr (up 17.2% YoY) for FY 2025-26.

Financial Highlights

FY 2024-25 · Consolidated
Revenue
₹26.64 Cr
+58.3% YoY
EBITDA
₹8.42 Cr
+18.9% YoY
Profit After Tax
₹6.22 Cr
+17.4% YoY
Net Worth
₹138 Cr
+77.8% YoY
Total Assets
₹146 Cr
+82.2% YoY
Total Debt
₹8.02 Cr
+234.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue26.6416.839.443.89
Revenue growth+58.3%+78.3%+142.7%-
EBITDA8.427.082.82(0.80)
EBITDA margin+31.6%+42.1%+29.9%-20.6%
Profit before tax8.427.002.83(0.24)
Net profit6.225.302.36(0.40)
Net profit margin+23.4%+31.5%+25.0%-10.3%
EPS (₹)0.140.240.11(0.02)
Balance sheet
Total assets14680.2576.0851.33
Net worth13877.6673.2948.95
Total debt8.022.402.452.38
Cash & bank27.368.9210.3829.13
Net working capital37.0113.2014.6139.34
Cash flow
Cash from operations1.641.346.34(10.44)
Cash from investing(32.20)(2.71)(49.54)(11.59)
Cash from financing49.00(0.08)24.4436.94
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue6.550.709.385.202.831.513.405.13
Revenue growth (YoY)+131.5%-53.6%+175.9%+1.4%+55.5%---
Other income1.261.501.150.981.080.881.070.95
EBITDA1.19(0.40)1.461.332.160.59(0.07)0.51
EBITDA margin+18.2%-57.1%+15.6%+25.6%+76.3%+39.1%-2.1%+9.9%
Depreciation0.050.000.000.000.080.000.000.00
Interest0.010.000.000.000.010.000.070.00
Profit before tax2.391.102.612.313.151.470.931.46
Tax0.900.180.590.580.840.300.320.39
Net profit1.490.922.021.732.311.170.611.07
EPS (₹)0.050.020.090.080.100.050.030.05
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue30.4325.9715.918.963.894.8217.51
Revenue growth+17.2%+63.2%+77.6%+130.3%-19.3%-72.5%-
EBITDA8.438.467.302.92(0.80)1.06(0.04)
EBITDA margin+27.7%+32.6%+45.9%+32.6%-20.6%+22.0%-0.2%
Profit before tax13.698.517.312.99(0.24)1.240.33
Net profit9.636.265.462.44(0.40)1.360.28
Net profit margin+31.7%+24.1%+34.3%+27.2%-10.3%+28.2%+1.6%
EPS (₹)0.150.140.240.11(0.02)0.110.02
Balance sheet
Total assets23114680.2875.7551.3327.8726.23
Net worth23113877.8973.3748.9525.4923.85
Total debt0.008.002.382.382.382.382.38
Cash & bank28.3027.358.8410.0229.130.295.45
Net working capital69.1236.7812.9214.5539.3415.2417.76
Cash flow
Cash from operations(34.40)1.711.616.654.11(1.66)0.46
Cash from investing(53.58)(32.20)(2.72)(49.35)0.64(3.40)3.08
Cash from financing88.9449.00(0.07)23.5924.09(0.11)(0.01)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.4914.022.036.318.066.370.599.19
Revenue growth (YoY)-19.5%+120.1%+244.1%-31.3%+60.2%---
Other income2.45(0.97)2.772.351.321.261.501.15
Total expenses3.297.154.154.496.225.200.977.68
EBITDA3.206.87(2.12)1.821.841.17(0.38)1.51
EBITDA margin+49.3%+49.0%-104.4%+28.8%+22.8%+18.4%-64.4%+16.4%
Depreciation0.000.000.000.000.000.000.000.00
Interest(0.13)0.160.040.010.000.010.000.00
Profit before tax5.785.740.614.163.162.421.122.66
Tax1.451.890.450.780.940.900.180.59

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue6.550.709.385.202.831.513.405.13
Revenue growth (YoY)+131.5%-53.6%+175.9%+1.4%+55.5%---
Other income1.261.501.150.981.080.881.070.95
EBITDA1.19(0.40)1.461.332.160.59(0.07)0.51
EBITDA margin+18.2%-57.1%+15.6%+25.6%+76.3%+39.1%-2.1%+9.9%
Depreciation0.050.000.000.000.080.000.000.00
Interest0.010.000.000.000.010.000.070.00
Profit before tax2.391.102.612.313.151.470.931.46
Tax0.900.180.590.580.840.300.320.39
Net profit1.490.922.021.732.311.170.611.07
EPS (₹)0.050.020.090.080.100.050.030.05
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue26.6416.839.443.89
Revenue growth+58.3%+78.3%+142.7%-
Other income0.090.080.070.56
Total expenses18.229.756.624.69
Employee cost1.811.221.000.16
EBITDA8.427.082.82(0.80)
EBITDA margin+31.6%+42.1%+29.9%-20.6%
Depreciation0.060.080.050.00
Interest0.030.080.010.00
Profit before tax8.427.002.83(0.24)
Tax2.251.850.550.16
Net profit6.225.302.36(0.40)
Net profit margin+23.4%+31.5%+25.0%-10.3%
EPS (₹)0.140.240.11(0.02)
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital44.5722.2822.2817.67
Reserves & surplus93.4855.3851.0131.28
Shareholders' funds (net worth)13877.6673.2948.95
Minority interest0.140.190.340.00
Secured loans8.000.000.000.00
Unsecured loans0.022.402.452.38
Total debt8.022.402.452.38
Total liabilities14680.2576.0851.33
Assets
Gross block1.451.430.620.00
Net block1.311.340.570.00
Capital work in progress0.000.000.000.00
Investments10664.5760.0411.66
Inventories5.691.410.120.00
Sundry debtors1.110.270.180.00
Cash & bank balances27.368.9210.3829.13
Loans & advances3.022.854.5710.21
Total current assets37.1813.4515.2539.34
Total current liabilities0.170.250.640.00
Net working capital37.0113.2014.6139.34
Total assets14680.2576.0851.33
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash8.9210.3829.130.00
Net cash from operating activities1.641.346.34(10.44)
Net cash from investing activities(32.20)(2.71)(49.54)(11.59)
Net cash from financing activities49.00(0.08)24.4436.94
Net change in cash18.44(1.45)(18.76)14.91
Closing cash27.368.9210.3829.13
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+58.3%+78.3%+142.7%-
EBITDA growth+18.9%+151.1%+452.5%-
PBT growth+20.3%+147.4%+9998.0%+9997.0%
Net income growth+17.4%+124.6%+690.0%-
Revenue CAGR (3Y)+89.9%---
Profitability & leverage
Net income margin+23.2%+30.6%+24.2%-10.3%
Return on capital employed+7.5%+8.8%+4.3%0.0%
Return on net worth+5.7%+6.6%+3.6%0.0%
Debt / equity0.050.030.040.05
Long-term debt / equity0.000.000.000.00
Interest cover0.361.140.360.00
Efficiency & per share
Fixed asset turnover18.5616.5030.680.00
Inventory turnover7.5322.10158.500.00
Debtors turnover38.7475.16105.670.00
EPS (₹)0.140.240.11(0.02)
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)3.103.483.292.77
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.4914.022.036.318.066.370.599.19
Revenue growth (YoY)-19.5%+120.1%+244.1%-31.3%+60.2%---
Other income2.45(0.97)2.772.351.321.261.501.15
Total expenses3.297.154.154.496.225.200.977.68
EBITDA3.206.87(2.12)1.821.841.17(0.38)1.51
EBITDA margin+49.3%+49.0%-104.4%+28.8%+22.8%+18.4%-64.4%+16.4%
Depreciation0.000.000.000.000.000.000.000.00
Interest(0.13)0.160.040.010.000.010.000.00
Profit before tax5.785.740.614.163.162.421.122.66
Tax1.451.890.450.780.940.900.180.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue30.4325.9715.918.963.894.8217.51
Revenue growth+17.2%+63.2%+77.6%+130.3%-19.3%-72.5%-
Other income5.470.090.080.070.560.290.51
Total expenses22.0017.518.616.044.693.7617.55
Employee cost0.001.741.030.930.160.110.11
EBITDA8.438.467.302.92(0.80)1.06(0.04)
EBITDA margin+27.7%+32.6%+45.9%+32.6%-20.6%+22.0%-0.2%
Depreciation0.010.010.000.000.000.000.00
Interest0.200.030.070.000.000.110.14
Profit before tax13.698.517.312.99(0.24)1.240.33
Tax4.062.251.850.550.16(0.12)0.05
Net profit9.636.265.462.44(0.40)1.360.28
Net profit margin+31.7%+24.1%+34.3%+27.2%-10.3%+28.2%+1.6%
EPS (₹)0.150.140.240.11(0.02)0.110.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13444.5722.2822.2817.6712.8512.85
Reserves & surplus97.6693.7755.6151.0931.2812.6411.00
Shareholders' funds (net worth)23113877.8973.3748.9525.4923.85
Secured loans0.008.000.000.000.000.000.00
Unsecured loans0.000.002.382.382.382.382.38
Total debt0.008.002.382.382.382.382.38
Total liabilities23114680.2875.7551.3327.8726.23
Assets
Gross block0.940.910.900.000.000.000.06
Net block0.930.910.900.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments16010765.3360.8011.6612.238.16
Inventories38.125.511.250.000.000.000.00
Sundry debtors0.091.060.240.090.000.000.00
Cash & bank balances28.3027.358.8410.0229.130.295.45
Loans & advances3.072.972.794.5210.2114.9712.34
Total current assets69.5836.8913.1214.6339.3415.2617.79
Total current liabilities0.460.110.200.080.000.020.03
Net working capital69.1236.7812.9214.5539.3415.2417.76
Total assets23114680.2875.7551.3327.8726.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash27.358.8410.0229.130.295.451.93
Net cash from operating activities(34.40)1.711.616.654.11(1.66)0.46
Net cash from investing activities(53.58)(32.20)(2.72)(49.35)0.64(3.40)3.08
Net cash from financing activities88.9449.00(0.07)23.5924.09(0.11)(0.01)
Net change in cash0.9518.51(1.18)(19.11)28.84(5.17)3.53
Closing cash28.3027.358.8410.0229.130.295.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+17.2%+63.2%+77.6%+130.3%-19.3%-72.5%-
EBITDA growth-0.4%+15.9%+150.0%+465.0%-175.5%+2750.0%-
PBT growth+60.9%+16.4%+144.5%+9998.0%-+275.8%+9998.0%
Net income growth+53.8%+14.7%+123.8%+710.0%-129.4%+385.7%-
Revenue CAGR (3Y)+50.3%+88.3%+48.9%-20.0%-43.1%-27.3%+40.9%
EBITDA CAGR (3Y)+42.4%-+90.3%--33.5%--72.3%
Profitability & leverage
Net income margin+31.7%+24.1%+34.3%+27.2%-10.3%+28.2%+1.6%
Return on capital employed-+7.6%+9.2%+4.5%0.0%+4.0%+1.5%
Return on net worth-+5.8%+7.0%+3.8%0.0%+4.3%+1.0%
Debt / equity-0.050.030.040.060.100.10
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover2.380.360.960.000.0010.38-350.00
Efficiency & per share
Fixed asset turnover-28.6435.530.000.00170.33300.33
Inventory turnover-7.7125.580.000.000.000.00
Debtors turnover-40.0996.91200.670.000.000.00
EPS (₹)0.150.140.240.11(0.02)0.110.02
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.003.103.503.292.771.981.86

To see the full year-wise statements and ratios of Tilak Ventures Limited, buy the company report.

Board of directors of Tilak Ventures Limited

Tilak Ventures has 7 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vikash KulhriyaDirector31 Dec 20205 Years 9 MonthsCurrent
Chirag GoyalDirector31 Dec 20205 Years 9 MonthsCurrent
Girraj Kishor AgrawalManaging Director23 Dec 200916 Years 9 MonthsCurrent
Pratham JethliyaDirector14 May 20224 Years 5 MonthsCurrent
Ashish KachharaDirector13 Jul 20224 Years 3 MonthsCurrent
Tanu Giriraj AgarwalDirector13 Oct 201610 Years 0 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Tilak Ventures Limited is audited by Bansal Gourav & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Bansal Gourav & AssociatesFY 20240155908W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 38.00%.

Promoters: 62.00%Retail & Others: 38.00%
Sep 2026
QUARTER
62.00% Promoters
38.00% Retail & Others
Promoter holding - history
Now 62.00% · Sep 2026High 62.00% · Dec 2025Low 62.00% · Dec 2025
61%61.5%62%62.5%63%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 62.00%Mar 2026: 62.00%Jun 2026: 62.00%Sep 2026: 62.00%62.00%62.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.00%62.00%62.00%62.00%
Public38.00%38.00%38.00%38.00%

Deals & funding

Tilak Ventures Limited has 28 deals on record (24 market trades, 3 rights issues, 1 acquisition); the latest was in January 2026.

Total deals
28
Market trades
24
Rights issues
3
Acquisition
1

Deals on record (5 of 28)

WhenDealAmountParties
Jan 2026Market trade₹1.7 CrBuyer: Neo Apex Venture LLP , Statsol Research LLP , Share India Securities Limited
Seller: Statsol Research LLP , Share India Securities Limited, Neo Apex Venture LLP
Dec 2025Market trade₹76.3 LakhBuyer: Prismx Global Ventures Limited
Seller: Prismx Global Ventures Limited , an individual
Nov 2024Market trade₹61.6 LakhSeller: Ishaan Tradefin LLP
Oct 2024Market trade₹2.25 CrBuyer: Ishaan Tradefin LLP , Devi Traders LLP
Seller: Prismx Global Ventures Limited
Feb 2024Market trade₹2.28 CrSeller: Banas Finance Ltd

To see the full deal history of Tilak Ventures Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Tilak Ventures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Tilak Ventures has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Yosto Venture (India) Private LimitedU52500MH2021PTC361473

To see the full group structure of Tilak Ventures Limited, buy the company report.

GST

Tilak Ventures has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACT2373C1ZNMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Tilak Ventures Limited, buy the company report.

Recent activity

Tilak Ventures Limited has 26 board changes on record since 2009: 7 appointments and 19 cessations. The latest: Mayank Borana was appointed as Director on 29 Aug 2025.

Filing
Tilak Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Tilak Ventures Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Mayank Borana was appointed as Director.
Appointed
Ashish Kachhara was appointed as Director.
Appointed
Pratham Jethliya was appointed as Director.
Appointed
Chirag Goyal was appointed as Director.
Ceased
Hardikkumar Bharatbhai Kabariya ceased to be Director.
Appointed
Vikash Kulhriya was appointed as Director.
Ceased
Hitendrakumar Kanjibhai Parmar ceased to be Additional Director.
Ceased
Anubhav Srinath Maurya ceased to be Director.
Ceased
Prajna Prakash Naik ceased to be Company Secretary.
Ceased
Seema Sidhu ceased to be Director.

17 earlier events are in the company report.

Frequently asked questions

Tilak Ventures is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 August 1980 (46+ years old) and is registered under CIN L65910MH1980PLC023000. Listed on BSE: 503663.

Tilak Ventures reported revenue of ₹30.43 Cr for FY 2025-26 (up 17.2% YoY) based on standalone financials.

Tilak Ventures has 7 current directors:

The latest financial statements of Tilak Ventures on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Tilak Ventures is 27AAACT2373C1ZN, registered in Maharashtra.

The CIN (Corporate Identification Number) of Tilak Ventures is L65910MH1980PLC023000. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tilak Ventures is listed on BSE with code 503663.

Tilak Ventures has 9 court cases on record: 6 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.

Tilak Ventures was incorporated on 18 August 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.

Tilak Ventures has 28 deals on record (24 market trades, 3 rights issues, 1 acquisition); the latest was in January 2026.