NSEGeneral Updates15h ago · 15 Sept 2026, 10:09 pm
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Tilaknagar Industries Limited · TI
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Tilaknagar Industries Limited has completed the first tranche of its investment in Black Tiger Distilleries Private Limited, subscribing to compulsorily convertible preference shares and equity shares for an aggregate consideration of INR 5,99,99,957.36.
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Tilaknagar Industries Limited has informed the Exchange about Completion of first tranche of investment in Black Tiger Distilleries Private Limited
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Date: September 15, 2026
To To
BSE Limited, National Stock Exchange of India Ltd.,
The Corporate Relationship Dept, Exchange Plaza,
1st Floor, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex,
Dalal Street, Bandra (East),
Mumbai – 400 001 Mumbai - 400 051
Scrip Code: 507205 Symbol: TI
Dear Sir/Ma'am,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 – Completion of first
tranche of investment in Black Tiger Distilleries Private Limited
This is with reference to our intimations dated September 02, 2026 and
September 04, 2026 (collectively, the “Original Intimation”), submitted pursuant
to Regulation 30 read with Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended (“SEBI LODR Regulations”), whereby we had notified that the Finance
Committee of the Board of Directors of Tilaknagar Industries Limited “TIL”) had,
at its meeting held on September 02, 2026, approved inter alia the execution of a
share subscription agreement with Black Tiger Distilleries Private Limited (“BTD”)
and Mr. Mohnish Mehul Mehta (“SSA”) for subscription to compulsorily
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.
We wish to inform you that the first tranche of the said investment for an
aggregate amount of INR 5,99,99,957.36 (Indian Rupees Five Crores Ninety-Nine
Lakhs Ninety-Nine Thousand Nine Hundred Fifty-Seven and Thirty-Six Paise
only) has been completed today and BTD has approved the allotment of 14,628
(fourteen thousand six hundred and twenty-eight) CCPS and 100 (one hundred)
Equity Shares to TIL, pursuant to which, TIL holds approximately 12.5% of the
paid-up share capital of BTD on a fully diluted basis.
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