Tilaknagar Industries Ltd — Board/Management Information 2022

Oct 3, 2022

October 03, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai 400001 Scrip Code : 507205

To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 Symbol : TI

Sub : Outcome of the Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we wish to inform you the Board of Directors of the Company, at its meeting held today i.e. Monday, October 03, 2022, has interalia considered and approved the following:

• 1. 33,01,887 equity shares of Rs. 10/- each for cash at a premium of Rs. 43/- have been allotted to Arunoday Investments Private Limited (AIPL) consequent upon exercise of option to convert 33,01,887 warrants of Rs. 53/- (including a premium of Rs. 43/- per share) into equity shares.
• 1. 17,61,006 equity shares of Rs. 10/- each for cash at a premium of Rs. 43/- have been allotted to M L Dahanukar And Co. Pvt. Ltd. (MLD) consequent upon exercise of option to convert 17,61,006 warrants of Rs. 53/- (including a premium of Rs. 43/- per share) into equity shares.

The shares allotted consequent upon conversion of warrants (issued on preferential basis) into equity shares shall rank pari-passu in all respects with existing Equity shares of the Company.

Post allotment of the above-mentioned equity shares, the paid-up equity share capital of the Company stands increased as follows:

Sr.No.	Particulars	No. of EquitySharesof Rs.10/-	Amount (in Rs.)
1.	Existing paid-upEquityShareCapital	16,59,12,163	1,65,91,21,630
2.	PostAllotmentpaidupEquityShare capital	17,09,75,056	1,70,97,50,560

• 1. Mr. Abhinav Gupta, BE, MBA (IIT, Delhi) has been appointed as President – Finance with effect from October 03, 2022. He has over 17 years of experience in the Finance domain. He has a vast exposure and strong domain knowledge in his subject. He shall lead the finance operations of the Company. Prior to joining us, he was working as a Chief Financial officer with Trident Limited.
• 1. Mr. Ajit Anant Sirsat, Chief Financial officer (CFO) has tendered his resignation from the position of CFO due to personal reasons. The Board has accepted the resignation and he shall be relieved from the services at the close of business hours on October 15, 2022. The Board placed on record its appreciation for services rendered by Mr. Ajit Anant Sirsat.

The update on the appointment of Chief Financial Officer of the Company shall be communicated to the Stock Exchanges under Regulation 30 of SEBI LODR guidelines in due course of time.

Requisite disclosure under regulation 30 of the Listing regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed herewith as "Annexure -1".

1. Pursuant to Regulation 30(5) of SEBI (LODR) Regulations, 2015, please find below the contact details of persons authorized to determine materiality of events or information and its disclosure to Stock Exchange(s) consequent upon resignation of Mr. Ajit Anant Sirsat, Chief Financial Officer of the Company w.e.f. conclusion of business hours of October 15, 2022:

Name	Designation	Contact Details
Mr.Amit	Chairman&	Address:3rdFloor,Industrial
Dahanukar	Managing	AssuranceBuilding,Churchgate,
	Director	Mumbai, Maharashtra-400 020
		Email: investor@tilind.com
		Phone no.:+91 22 22831716/18
Ms.Dipti	Company	Address:3rdFloor,Industrial
Todkar	Secretary	AssuranceBuilding,Churchgate,
		Mumbai, Maharashtra-400 020
		Email: investor@tilind.com
		Phone no.:+91 22 22831716/18

The meeting of the Board commenced at 04:15 pm and concluded at 05:15 pm.

The outcome of the Board meeting shall also be available on the website of the Company i.e. www.tilind.com.

Kindly take the same on your record.

For Tilaknagar Industries Ltd.

Dipti Todkar Company Secretary DIPTI VARUN TODKAR Digitally signed by DIPTI VARUN TODKAR Date: 2022.10.03 20:21:22 +05'30'

Encl.: As above

Annexure – 1

Details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015

Sr.	Particulars	Informationofsuch
No.		event
1.	Name	Mr. Ajit Anant Sirsat
2.	Reason for change	Resignation
3.	Date of Cessation	October 15, 2022
4.	Brief Profile(In case of appointment)	Not applicable
5.	Relationship with Directors	None

For Tilaknagar Industries Ltd.

DIPTI VARUN TODKAR Digitally signed by DIPTI VARUN TODKAR Date: 2022.10.03 20:21:56 +05'30'

Dipti Todkar Company Secretary