Intimation under Regulation 30 of SEBI LODR regarding investment in Black Tiger Distilleries Private Limited

September 02, 2026 To To BSE Limited, National Stock Exchange of India The Corporate Relationship Dept, Ltd., 1st Floor, Phiroze Jeejeebhoy Exchange Plaza, Towers, Dalal Street, Bandra - Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 507205 Mumbai - 400 051 Symbol: TI Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in Black Tiger Distilleries Private Limited Dear Sir/Madam, We would like to inform you that the Finance Committee of the Board of Directors of the Company at its meeting held today i.e. September 02, 2025, has inter alia considered and approved execution of : (a) a share subscription agreement dated September 02, 2026 with Black Tiger Distilleries Private Limited ("BTD") and Mr. Mohnish Mehul Mehta (“SSA”); and (b) amended and restated shareholders' agreement dated September 02, 2026 with BTD, Mr. Mohnish Mehul Mehta, Productos Finos de Agave, S.A. de C.V., Mansha Global Private Limited and Neospace Realty LLP (“SHA”). The SSA and SHA shall be collectively referred to as the ("Transaction Documents"). Under the SSA, TIL will subscribe to compulsory convertible preference shares ("CCPS") and equity shares (“Equity Shares”) of BTD, representing 30.0% (thirty per cent) of the share capital of BTD on a fully diluted basis, for an aggregate consideration of INR 22,00,00,000/- (Indian Rupees Twenty-Two Crores only) in two tranches. BTD is a private limited company incorporated under the laws of India, engaged in the business of tequila and agave spirits. The disclosures required under SEBI (LODR) Regulations in line with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in "Annexure - A" and "Annexure - B" to this letter. The Finance Committee commenced its meeting at 10:45 A.M. and concluded at 11:25 A.M. We request you to kindly take the above on your record. The above disclosure is available on the website of the Company www.tilind.com. Thanking you, Yours faithfully, For Tilaknagar Industries Ltd. Minuzeer Bamboat Company Secretary, Compliance Officer & Head – Legal Encl.: as above Annexure A Disclosure as per SEBI (LODR) Regulations in line with SEBI CIRCULAR NO. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated 30 January 2026 Sr. Particulars Details 1. Name of the target entity, details Black Tiger Distilleries Private Limited in brief such as size, turnover (“BTD”), bearing CIN: etc.; U46308MH2025PTC438903, net worth for the year ended 31st March 2026 was INR 20,82,563.66 (Indian Rupees Twenty Lakhs Eighty-Two Thousand Five Hundred and Sixty Three point Six Six). Also refer to Sl. No. 10 below. 2. Whether the acquisition would No, the proposed investment would fall within related party not fall within the meaning of related transaction(s) and whether the party transaction. promoter/ promoter group/ Further, the promoter/ promoter group companies have any group/ group companies of TIL have interest in the entity being no equity interest in BTD. acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which the entity BTD operates within the alcoholic being acquired belongs beverages industry, specifically in the tequila and agave spirits segment. 4. Objects and impact of acquisition With this investment, TIL aims to (including but not limited to, strengthen its presence in the tequila disclosure of reasons for and agave spirits segment, which has acquisition of target entity, if its been witnessing good traction among business is outside the main line consumers in India and is one of the of business of the listed entity) fastest growing categories. 5. Brief details of any governmental No governmental or regulatory or regulatory approvals required approvals are required for the said for the acquisition acquisition. 6. Indicative time period for The proposed transaction completion of the acquisition contemplates a tranche-wise investment structure in BTD. The first tranche (“Tranche 1”) investment shall be consummated on or before October 31, 2026; and The second tranche (“Tranche 2”) investment shall be consummated on Sr. Particulars Details or before October 31, 2027. 7. Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the In Tranche 1, TIL will be subscribing price at which the shares are to 14,628 (fourteen thousand six acquired hundred and twenty eight) CCPS of BTD and 100 (one hundred) equity shares of BTD for an aggregate investment amount of INR 5,99,99,957.36 (Indian Rupees Five Crores Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred and Fifty Seven and Thirty Six Paise only), equivalent to 12.5% (twelve point five per cent) of the share capital of BTD on a fully diluted basis. In Tranche 2, TIL will be subscribing to 44,183 (forty four thousand one hundred and eighty three) CCPS for an aggregate investment amount of INR 15,99,99,854.55 (Indian Rupees Fifteen Crores Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred and Fifty Four and Fifty Five Paise only), taking the overall shareholding of TIL to 30.0% (thirty per cent) of the share capital of BTD on a fully diluted basis. 9. Percentage of shareholding / In aggregate, post consummation of control acquired and / or the proposed transactions in Tranche number of shares acquired 1 and Tranche 2, TIL will own 30.0% (thirty per cent) of the share capital of BTD on a fully diluted basis. 10. Brief background about the BTD was founded by Mohnish Mehta entity acquired in terms of and is engaged in the business of products/ line of business tequila and agave spirits. BTD has a acquired, date of incorporation, presence through Bodega Suprema history of last 3 years turnover, No. 5 which is present in 3 variants – country in which the acquired Blanco, Reposado and Anejo. The entity has presence and any product has been developed in other significant information (in partnership with Productos Finos de brief) Agave in Jalisco, Mexico, which is also a minority shareholder. Sr. Particulars Details Date of incorporation: 25th January, 2025 Authorized Share Capital: INR 40,00,000/- Paid-up Share Capital: INR 10,00,000/- Turnover for BTD of last 2 Financial Years (“FY”) are as follows: FY 25-26: Nil FY 24-25: Not Applicable Annexure – B Disclosure as per SEBI (LODR) Regulations in line with SEBI CIRCULAR NO. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated 30 January 2026 Sr. Particulars Details 1. Name(s) of parties with whom the The Parties to the SSA are as follows: agreement is entered; (i) BTD; (ii) Mr. Mohnish Mehul Mehta; and (iii) TIL The parties to the SHA are as follows: (i) BTD; (ii) Mr. Mohnish Mehul Mehta; (iii) TIL; (iv) Productos Finos de Agave, S.A. de C.V.; (v) Mansha Global Private Limited; and (vi) Neospace Realty LLP. 2. Purpose of entering into the With this investment, TIL aims to agreement strengthen its presence in the tequila and agave spirits segment, which has been witnessing good traction among consumers in India and is one of the fastest growing categories. 3. Shareholding, if any, in the Post consummation of Tranche 1, TIL entity with whom the agreement will hold 12.5% (twelve-point five is executed percent) of the share capital of BTD on a fully diluted basis. Post consummation of Tranche 2, TIL will hold 30.0% (thirty percent) of the share capital of BTD on a fully diluted basis. 4. Significant terms of the Significant terms of the Transaction agreement (in brief) special rights Documents include: (i) TIL has the like right to appoint directors, right to nominate up to 2 (two) non- first right to share subscription executive Directors and 1 (one) non- in case of issuance of shares, voting Observer on the board of BTD; right to restrict any change in (ii) TIL has a first right to subscribe to capital structure etc the entire quantum of additional securities; and (iii) ce [Showing first 8,000 characters — download PDF for full document]