Tilaknagar Industries Ltd — Capital/Financing Update 2022

Oct 28, 2022

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October 28, 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 : Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Investment in “SWIGGER”, a Ready-to-Drink (RTD) Alcoholic Shots drink

Dear Sir/Madam,

The Finance Committee of the Company at its Meeting held on October 27, 2022, has inter-alia considered and approved an investment not exceeding Rs.1 Crore (Rupees One Crore only) in Incredible Spirits Private Limited (“ISPL”).

ISPL is presently developing a Ready-to-Drink (RTD) Alcoholic Shots drink.

The investment of Rs. 1 Crore (Rupees One Crore only) will be made in the Equity shares of ISPL. Post the investment in the Equity shares, Tilaknagar Industries Ltd. (“TI”) shall hold 19.50 % in ISPL.

The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 and Part A of Schedule III of the aforesaid regulations are enclosed as Annexure – 1 .

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.

DIPTI Digitally signed by DIPTI VARUN VARUN TODKAR TODKAR Date: 2022.10.28 11:04:28 +05'30' Dipti Todkar Company Secretary

Encl: as above

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Annexure – 1

Details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 and Part A of Schedule III

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Sr. Particulars Details
No.
a Name of the target entity, details in brief such as size, Name: Incredible Spirits Private Limited (ISPL)
turnover etc.
Registered Office: C/O Prem Hotel, SR. 28/2,
Common lift, North Main Road, Koregoan Park,
Pune – 411001, Maharashtra, India
Turnover: NIL (products under development)
b Whether the acquisition would fall within related party No Related Party Transaction and no promoter/
transaction(s) and whether the promoter/ promoter promoter group/ group companies have any
group/ group companies have any interest in the entity interest in the entity acquired.
being acquired? If yes, nature of interest and details
thereof and whether the same is done at “arms length”
c Industry to which the entity being acquired belongs Breweries and Distilleries
d Objects and effects of acquisition (including but not With this investment, Company plans to
limited to, disclosure of reasons for acquisition of inorganically have a presence in a new vertical of
target entity, if its business is outside the main line of convenience-based, disruptive alcobev products.
business of the listed entity)
e Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition
f Indicative time period for completion of the acquisition Within 4 months from the date of execution of
Share subscription and shareholders agreement
g Nature of consideration - whether cash consideration Cash
or share swap and details of the same
h Cost of acquisition or the price at which the shares are Rs. 1,00,00,000/-(Rupees One Crore only)
acquired
i Percentage of shareholding / control acquired and / or Percentage holding - 19.50%
number of shares acquired
3,197 Equity Shares for Rs. 3,127.93/- (Rs. Three
Thousand One Hundred Twenty-Seven and Ninety-
Three Paise) each, with face value of Rs 10/-
(Rupees Ten Only) each
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• j Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)

• ISPL is a new-age alcohol beverage company which is working on developing unique and disruptive alcohol products for the Indian market. The founders of ISPL come with a rich experience in the alcobev sector; having worked for Fosters India and Carlsberg India. Since ISPL’s products are still under product development stage, there is no turnover. Date of incorporation: 23[rd] December, 2020

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