Tilaknagar Industries Ltd — Capital/Financing Update 2025

Nov 20, 2025

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Date: November 20, 2025

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 Resolution passed by the Finance Committee of the Board of Directors of the Company on November 20, 2025

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulation, 2015, and in furtherance to our letter dated September 29, 2025, 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. November 20, 2025, has, inter alia , considered and approved allotment of 3,77,15,000 (Three Crores Seventy Seven Lacs Fifteen Thousand Only) equity shares having face value of Rs. 10/- fully paid up to the warrant holders as per Annexure A consequent to the Warrant holders having exercised their right for conversion of Warrants into equity shares.

In accordance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 (“ICDR Regulations”), and the terms of allotment of the warrants, the allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 286.50/- per Warrant (being an amount equivalent to the 75% of the warrant exercise price of Rs. 382/- per warrant), aggregating to Rs. 1,080.53 Crores.

The equity shares allotted as mentioned above shall rank pari-passu in all respect with existing equity shares of the Company.

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	20,81,93,750	208,19,37,500
2.	Post Allotment paid-up Equity Share capital	24,59,08,750	245,90,87,500

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

The Equity Shares so allotted to the respective allottees shall be locked in for such period as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations), 2018.

The disclosures pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 have already been disclosed in our intimation dated July 29, 2025 read with August 13, 2025.

The Meeting of the Finance Committee commenced at 12: 15 pm and concluded at 01:10 pm.

The aforesaid intimation is also available on the website of the Company i.e. www.tilind.com

Kindly take the same on your record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

MINUZEER Digitally signed by MINUZEER YAZDI BAMBOAT YAZDI BAMBOAT Date: 2025.11.20 13:10:43 +05'30'

Minuzeer Bamboat Company Secretary & Compliance Officer

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Annexure A:

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Details of Equity shares allotted pursuant to conversion of Warrants:
Sr. No of warrants opted No of fully paid equity
Name of the Allottee
No for Conversion shares allotted
1 Axana Estates LLP 98,15,000 98,15,000
2 TIMF Holdings 60,00,000 60,00,000
3 Arpit Khandelwal 32,70,000 32,70,000
4 QRG Investments and Holdings Limited 18,50,000 18,50,000
5 Param Capital 18,50,000 18,50,000
6 Chartered Finance & Leasing Limited 16,00,000 16,00,000
7 Singularity Equity Fund I 12,00,000 12,00,000
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Sr. No of warrants opted No of fully paid equity
Name of the Allottee
No for Conversion shares allotted
1 Axana Estates LLP 98,15,000 98,15,000
2 TIMF Holdings 60,00,000 60,00,000
3 Arpit Khandelwal 32,70,000 32,70,000
4 QRG Investments and Holdings Limited 18,50,000 18,50,000
5 Param Capital 18,50,000 18,50,000
6 Chartered Finance & Leasing Limited 16,00,000 16,00,000
7 Singularity Equity Fund I 12,00,000 12,00,000
8 Singularity Growth Opportunities Fund II 12,00,000 12,00,000
9 Singularity Large Value Fund I 10,00,000 10,00,000
10 Marigold Wealth Trust 7,85,000 7,85,000
11 Saraswati Commercial (India) Limited 7,00,000 7,00,000
12 Umesh Kumar Agarwal 6,30,000 6,30,000
13 Vijay Kumar Agarwal 6,30,000 6,30,000
14 Raj Kumar Agarwal 6,30,000 6,30,000
15 VM Vinimay Private Limited 6,00,000 6,00,000
16 Shakti Finvest Private Limited 6,00,000 6,00,000
17 S S Spirits LLP 6,00,000 6,00,000
18 Amireddy Sneha Reddy 6,00,000 6,00,000
19 Krishnakripa Holdings Pvt. Ltd. 5,20,000 5,20,000
20 Geecee Ventures Limited 5,00,000 5,00,000
21 Wealthwave Capital Fund 4,75,000 4,75,000
22 Shardul Securities Limited 4,25,000 4,25,000
23 Dnyaneshwar Trading and Investments Private Limited 4,00,000 4,00,000
24 Nirmal Kumar Agrawal 2,90,000 2,90,000
25 Astralit Investments Private Limited 2,50,000 2,50,000
26 Aniruddh Mundra 2,50,000 2,50,000
27 Atul Goel Family Trust 2,35,000 2,35,000
28 Abans Finance Private Limited 1,75,000 1,75,000
29 Bhavini Shah 1,50,000 1,50,000
30 Singularity Equity Fund II 1,25,000 1,25,000
31 Pradip Narayan Pai 1,20,000 1,20,000
32 Rahul Suresh Jindal 90,000 90,000
33 Dheeraj Ravella 85,000 85,000
34 Ramadugu Karteek 65,000 65,000
Total 3,77,15,000 3,77,15,000
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