Tilaknagar Industries Ltd — Capital/Financing Update 2025

Aug 13, 2025

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August 13, 2025

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal 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 : Corrigendum to Outcome of Board Meeting held on July 29, 2025 Ref : Intimation of Outcome of Board Meeting dated July 29, 2025

Dear Sir/Madam,

This is in reference to the Outcome of Board Meeting held on July 29, 2025 for the approval of issuance of upto 1,43,80,000 (One Crores Forty-three Lacs Eighty Thousand) Equity Shares and upto 4,57,15,000 (Four Crores Fifty-seven Lacs Fifteen Thousand) Convertible Warrants on preferential basis and the said Outcome was filed with BSE Limited and National Stock Exchange of India Limited (collectively "Stock Exchanges") on July 29, 2025.

This corrigendum is being submitted to the Stock Exchanges regarding the disclosure made pursuant to the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 regarding the pre-preferential shareholding of one of the proposed allottee i.e. Bhavini Ajay Shah holding 15,000 equity shares which was inadvertently & unintentionally missed out and revised post issue shareholding of proposed allottee(s) on fully diluted basis considering the 16,70,599 outstanding ESOPs.

Further, we wish to inform you that the Company has locked-in the entire prepreferential shareholding held by Bhavini Ajay Shah in terms of the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Hence, the revised disclosure 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 is enclosed as Annexure-A . Except as detailed in the attached corrigendum, all other terms and contents of the outcome of the Board Meeting shall remain unchanged.

Kindly take the same on your record.

For Tilaknagar Industries Ltd.

MINUZEER Digitally signed by MINUZEER YAZDI YAZDI BAMBOAT BAMBOAT Date: 2025.08.13 18:46:37 +05'30'

Minuzeer Bamboat Company Secretary and Compliance Officer M. No. 73014 Encl: a/a

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Annexure A

Disclosure under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024

Particulars Equity Shares Warrants	Particulars Equity Shares Warrants	Particulars Equity Shares Warrants
Types of securities proposed to be issued Equity shares of Rs. 10/- each Warrants of Rs. 10/- each convertible into equal number of Equity Shares
Type of issuance Preferential issue
Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) Upto 1,43,80,000 (One Crores Forty-three Lacs Eighty Thousand) Equity Shares of face value Rs. 10/- each (“Equity Shares”) for cash at a price of Rs. 382/- per equity share (including a premium of Rs. 372/- per equity share) for an amount aggregating to Rs. 549,31,60,000/- (Rupees Five Hundred Forty-nine Crores Thirty- one Lacs Sixty Thousand Only) Upto 4,57,15,000 (Four Crores Fifty-seven Lacs Fifteen Thousand) Convertible Warrants of face value Rs. 10/- each (“Warrants”) for cash at a price of Rs. 382/- per Warrant (including a premium of Rs. 372/- per Warrants) for an amount upto Rs. 1,746,31,30,000/- (Rupees One Thousand Seven Hundred and Forty-six Crores Thirty- one Lacs Thirty Thousand Only)
In case of Preferential Issue the following disclosures:
Names and Number of the investors	All the equity shares are issued to 9 (Nine) Investors as perAnnexure I.	All the warrants are issued to 35 (Thirty-five) Investors as perAnnexure I.

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Post allotment of For Outcome of For Outcome of subscription –
securities - subscription – Refer Refer Annexure II.
outcome of the Annexure II.
subscription,
issue price /
allotted price (in
case of
convertibles)
In case of Not Applicable Each Warrant is convertible
convertibles - into 1 (One) Equity Share and
intimation on the conversion can be
conversion of exercised at any time within a
securities or on period of 18 (Eighteen) months
lapse of the from the date of allotment, in
tenure of the one or more tranches and on
instrument such other terms and
conditions as agreed upon by
the Company and the
Investors.
An amount equivalent to 25%
of the Warrant price shall be
payable on the date of
allotment of each Warrant and
the balance 75% of the
Warrant price shall be payable
by the Warrant holder against
each warrant at the time of
allotment of Equity Shares
pursuant to exercise of the
options against each such
Warrant by the Warrant
holder.
Relevant date Monday, July 21, 2025 Monday, July 21, 2025
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Annexure I

Details of Allottees

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Sr. Name of the Proposed Category No. of Equity No. of Consideration at
No. Allottees Shares to be Warrant to Rs. 382/- per
offered/ be offered/ equity
issued/ issued/ share/warrants
allotted allotted (including
premium of Rs.
372/- per equity
share/ warrants)
(Figures in Rs)
1. SMALLCAP World Fund, Non-Promoter 65,50,000 NA 2,50,21,00,000
Inc.
2. Cohesion MK Best Ideas Non-Promoter 25,25,000 NA 96,45,50,000
Sub-Trust
3. Bandhan Focused Fund Non-Promoter 13,25,000 NA 50,61,50,000
4. Abakkus Diversified Non-Promoter 8,60,000 NA 32,85,20,000
Alpha Fund
5. Abakkus Growth Fund 2 Non-Promoter 8,60,000 NA 32,85,20,000
6. Abakkus Diversified Non-Promoter 7,30,000 NA 27,88,60,000
Alpha Fund 2
7. Aryabhata Global Assets Non-Promoter 6,80,000 NA 25,97,60,000
Funds ICAV- Aryabhata
India Fund
8. FLC InvestCo LLC Non-Promoter 6,00,000 NA 22,92,00,000
9. Ramesh S Damani Non-Promoter 2,50,000 NA 9,55,00,000
Finance Private Limited
10. Amit Arun Dahanukar Promoter NA 80,00,000 3,05,60,00,000
11. Axana Estates LLP Non-Promoter NA 98,15,000 3,74,93,30,000
12. TIMF Holdings Non-Promoter NA 60,00,000 2,29,20,00,000
13. Arpit Khandelwal Non-Promoter NA 32,70,000 1,24,91,40,000
14. QRG Investments and Non-Promoter NA 18,50,000 70,67,00,000
Holdings Limited
15. Param Capital Non-Promoter NA 18,50,000 70,67,00,000
16. Chartered Finance & Non-Promoter NA 16,00,000 61,12,00,000
Leasing Limited
17. Singularity Equity Fund Non-Promoter NA 12,00,000 45,84,00,000
I
18. Singularity Growth Non-Promoter NA 12,00,000 45,84,00,000
Opportunities Fund II
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19. Singularity Large Value Non-Promoter NA 10,00,000 38,20,00,000
Fund I
20. Marigold Wealth Trust Non-Promoter NA 7,85,000 29,98,70,000
21. Saraswati Commercial Non-Promoter NA 7,00,000 26,74,00,000
(India) Limited
22. Umesh Kumar Agarwal Non-Promoter NA 6,30,000 24,06,60,000
23. Vijay Kumar Agarwal Non-Promoter NA 6,30,000 24,06,60,000
24. Raj Kumar Agarwal Non-Promoter NA 6,30,000 24,06,60,000
25. VM Vinimay Private Non-Promoter NA 6,00,000 22,92,00,000
Limited
26. Shakti Finvest Private Non-Promoter NA 6,00,000 22,92,00,000
Limited
27. S S Spirits LLP Non-Promoter NA 6,00,000 22,92,00,000
28. Amireddy Sneha Reddy Non-Promoter NA 6,00,000 22,92,00,000
29. Krishnakripa Holdings Non-Promoter NA 5,20,000 19,86,40,000
Pvt. Ltd.
30. Geecee Ventures Limited Non-Promoter NA 5,00,000 19,10,00,000
31. Wealthwave Capital Non-Promoter NA 4,75,000 18,14,50,000
Fund
32. Shardul Securities Non-Promoter NA 4,25,000 16,23,50,000
Limited
33. Dnyaneshwar Trading Non-Promoter NA 4,00,000 15,28,00,000
and Investments Private
Limited
34. Nirmal Kumar Agrawal Non-Promoter NA 2,90,000 11,07,80,000
35. Astralit Investments Non-Promoter NA 2,50,000 9,55,00,000
Private Limited
36. Aniruddh Mundra Non-Promoter NA 2,50,000 9,55,00,000
37. Atul Goel Family Trust Non-Promoter NA 2,35,000 8,97,70,000
38. Abans Finance Private Non-Promoter NA 1,75,000 6,68,50,000
Limited
39. Bhavini Ajay Shah Non-Promoter NA 1,50,000 5,73,00,000
40. Singularity Equity Fund II Non-Promoter NA 1,25,000 4,77,50,000
41. Pradip Narayan Pai Non-Promoter NA 1,20,000 4,58,40,000
42. Rahul Suresh Jindal Non-Promoter NA 90,000 3,43,80,000
43. Dheeraj Ravella Non-Promoter NA 85,000 3,24,70,000
44. Ramadugu Karteek Non-Promoter NA 65,000 2,48,30,000
Total 1,43,80,000 4,57,15,000 22,95,62,90,000
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Annexure II

Post allotment of securities - Outcome of subscription

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Sr. Name of the Allottees Pre-issue Post-issue of Equity
No. Shares and post
(as of 25.07.2025) conversion of Warrants
into Equity Shares
No. of No. of
% %
Shares Shares
1. Amit Arun Dahanukar 2,68,44,552 13.85 3,48,44,552 13.63
2. S S Spirits LLP 51,58,333 2.66 57,58,333 2.25
3. Singularity Equity Fund I 3,75,000 0.19 15,75,000 0.62
4. Shardul Securities Limited 25,000 0.01 4,50,000 0.18
5. Bhavini Ajay Shah 15,000 0.01 1,65,000 0.06
6. Axana Estates LLP Nil - 98,15,000 3.84
7. SMALLCAP World Fund, Inc. Nil - 65,50,000 2.56
8. TIMF Holdings Nil - 60,00,000 2.35
9. Arpit Khandelwal Nil - 32,70,000 1.28
10. Cohesion MK Best Ideas Sub-Trust Nil - 25,25,000 0.99
11. QRG Investments and Holdings Nil - 18,50,000 0.72
Limited
12. Param Capital Nil - 18,50,000 0.72
13. Chartered Finance & Leasing Nil - 16,00,000 0.63
Limited
14. Bandhan Focused Fund Nil - 13,25,000 0.52
15. Singularity Growth Opportunities Nil - 12,00,000 0.47
Fund II
16. Singularity Large Value Fund I Nil - 10,00,000 0.39
17. Abakkus Diversified Alpha Fund Nil - 8,60,000 0.34
18. Abakkus Growth Fund 2 Nil - 8,60,000 0.34
19. Marigold Wealth Trust Nil - 7,85,000 0.31
20. Abakkus Diversified Alpha Fund 2 Nil - 7,30,000 0.29
21. Saraswati Commercial (India) Nil - 7,00,000 0.27
Limited
22. Aryabhata Global Assets Funds Nil - 6,80,000 0.27
ICAV- Aryabhata India Fund
23. Umesh Kumar Agarwal Nil - 6,30,000 0.25
24. Vijay Kumar Agarwal Nil - 6,30,000 0.25
25. Raj Kumar Agarwal Nil - 6,30,000 0.25
26. VM Vinimay Private Limited Nil - 6,00,000 0.23
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27. Shakti Finvest Private Limited Nil - 6,00,000 0.23
28. Amireddy Sneha Reddy Nil - 6,00,000 0.23
29. FLC InvestCo LLC Nil - 6,00,000 0.23
30. Krishnakripa Holdings Pvt. Ltd. Nil - 5,20,000 0.20
31. Geecee Ventures Limited Nil - 5,00,000 0.20
32. Wealthwave Capital Fund Nil - 4,75,000 0.19
33. Dnyaneshwar Trading and Nil - 4,00,000 0.16
Investments Private Limited
34. Nirmal Kumar Agrawal Nil - 2,90,000 0.11
35. Astralit Investments Private Limited Nil - 2,50,000 0.10
36. Aniruddh Mundra Nil - 2,50,000 0.10
37. Ramesh S Damani Finance Private Nil - 2,50,000 0.10
Limited
38. Atul Goel Family Trust Nil - 2,35,000 0.09
39. Abans Finance Private Limited Nil - 1,75,000 0.07
40. Singularity Equity Fund II Nil - 1,25,000 0.05
41. Pradip Narayan Pai Nil - 1,20,000 0.05
42. Rahul Suresh Jindal Nil - 90,000 0.04
43. Dheeraj Ravella Nil - 85,000 0.03
44. Ramadugu Karteek Nil - 65,000 0.03
Total 3,24,17,885 16.73 9,25,12,885 36.20
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*The shareholding is calculated assuming full exercise of Warrants and 16,70,599 outstanding ESOPs.

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