Tilaknagar Industries Ltd — Capital/Financing Update 2022

Jul 1, 2022

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July 01, 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

Dear Sir/ Madam,

Subject : Outcome of Circular Resolutions passed by the Board of Directors of the Company on July 01, 2022

In continuation to our letters dated May 21, 2022, May 25, 2022 and May 30, 2022 regarding the issue of Equity Shares and Convertible Warrants on Preferential Basis and further to the approval of Members of the Company at its Extra-Ordinary General Meeting held on June 29, 2022 and 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 that the Board of Directors of the Company, through circular resolutions passed on Friday, July 01, 2022, has considered and approved the following:

1. Allotment of 65,97,221 (Sixty-five Lakhs Ninety-seven Thousand Two Hundred and Twenty- one) Equity Shares of face value Rs. 10/- (Rupees Ten Only) each (“Equity Shares”) for cash at a price of Rs. 72/- (including a premium of Rs. 62/- per share) for an amount of Rs. 47,49,99,912/- (Rupees Forty-seven crores Forty-nine Lakhs Ninetynine Thousand Nine Hundred and Twelve only) to Non-Promoters, as per the details mentioned below and upon receipt of full subscription amount:

Sr. No.	Name of the Allottees	Category	No. equity shares
1.	Mr. Kancharla Chandra Sheker Reddy	Non-Promoter	13,88,888
2.	S.S SpiritsLLP		34,72,222
3.	M&S Bottling Company Private Limited		17,36,111
	TOTAL		65,97,221

1. Allotment of 52,08,333 (Fifty-two Lakhs Eight Thousand Three Hundred and ThirtyThree) convertible warrants (“Warrants”) at a price of Rs. 72/- per Warrant with a right to the Warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 10/- (Rupees Ten Only) each of the Company (“ Equity Shares ”) at a premium of Rs. 62/- per share for each Warrant within a period of 12 (Twelve) months from the date of allotment of the Warrants, for an amount of Rs. 37,49,99,976/(Rupees Thirty- seven crores Forty-nine Lakhs Ninety-nine Thousand Nine Hundred and Seventy-six only) to Non-Promoters, as per details mentioned below for cash and upon receipt of 25% of the issue price:

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Sr. No.	Name of the Allottees	Category	No. of convertible warrants
1.	Mr.Amireddy Jaipal Reddy	Non-Promoter	34,72,222
2.	S.S SpiritsLLP		17,36,111
	TOTAL		52,08,333

The above Warrants entitle the Allottees to apply for and be allotted, in one or more tranches, equal number of Equity Shares for each Warrant held by them on payment of balance 75% of the Warrant issue price within a period of 12 months from the date of allotment of these Warrants.

These equity shares shall rank pari-passu in all respects with existing equity shares of the Company. The Company has received the in-principle approvals from the National Stock Exchange of India Limited and from BSE Limited on June 21, 2022.

The application for listing and trading approval of the Stock Exchanges for the equity shares allotted as above shall be made in due course.

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

Sr. No.	Particulars	No. of Equity Shares	Amount (in Rs.)
1.	Existing paid-up Equity Share Capital	15,87,61,915	1,58,76,19,150
2.	Post Allotment paid up Equity Share capital	16,53,59,136	1,65,35,91,360

Kindly take the same on your record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

Digitally signed by AMIT AMIT DAHANUKAR DAHANUKAR Date: 2022.07.01 18:07:18 +05'30' Amit Dahanukar Chairman & Managing Director (DIN: 00305636)

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