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Tilaknagar Industries Ltd — Capital/Financing Update 2025
Jul 29, 2025
60357_rns_2025-07-29_b9e9b0d5-e0b1-4254-a880-5966b51e0815.pdf
Capital/Financing Update
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July 29, 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 : Regulation 30 of SEBI (Listing Obligations and Disclosure - Requirements) Regulations, 2015 Outcome of the Board Meeting
Dear Sir/Madam,
The Board of Directors of Tilaknagar Industries Ltd. (“the Company”) at its Meeting today i.e. Tuesday, July 29, 2025, has, inter-alia , considered and approved the following matters:
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Increase in the Authorized Share Capital of the Company Rs. 226,05,00,000/- (Rupees Two Hundred and Twenty-six Crores and Five Lacs Only) divided into 22,60,50,000 (Twenty-two Crores Sixty Lacs and Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs. 310,00,00,000/- (Rupees Three Hundred and Ten Crores Only) divided into 31,00,00,000 (Thirty-one Crores) Equity Shares of Rs. 10/- (Rupees Ten) each by substituting the Clause V of the Memorandum of Association of the Company subject to the approval of the Members at their Extraordinary General Meeting (“EGM”) and such regulatory/ statutory authorities as may be applicable.
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Issuance of 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/- (Rupees Three Hundred Eighty-two Only) per equity share [including a premium of Rs. 372/- (Rupees Three Hundred Seventy-two Only) per equity share] for an amount aggregating to Rs. 5,49,31,60,000/(Rupees Five Hundred Forty-nine Crores Thirty-one Lacs Sixty Thousand Only) to the persons belonging to the non-promoter category, as mentioned in Annexure I , on a preferential basis ("Preferential Issue") in accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, as amended, subject to the approval of the Members at their EGM and such regulatory/ statutory authorities as may be applicable;
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Issuance of upto 4,57,15,000 (Four Crores Fifty-seven Lacs Fifteen Thousand) Convertible Warrants (“ Warrants ”) for cash at a price of Rs. 382/(Rupees Three Hundred Eighty-two Only) per warrant [including a premium of Rs. 372/- (Rupees Three Hundred Seventy-two Only) per Warrants] for an
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amount aggregating to Rs. 1,746,31,30,000/-(Rupees One Thousand Seven Hundred and Forty-six Crores Thirty-one Lacs Thirty Thousand Only) to the persons belonging to the promoter & non-promoter category, as mentioned in Annexure I , on a preferential basis ("Preferential Issue") in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations"), as amended, subject to the approval of the Members of the Company at their EGM and such regulatory/ statutory authorities as may be applicable;
The required details pertaining to above Point No. 2 & 3 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 .
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An EGM of the Members of the Company will be held on Wednesday, August 20, 2025 at 10:30 a.m. (IST) for seeking their approval for abovementioned items no. 1, 2 & 3 through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) facility. The Notice of the EGM shall be sent to those Members as on July 25, 2025, whose e-mail addresses are registered with the Company’s Registrar and Transfer Agent/Depositories through email in due course.
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The Appointment of Crisil Ratings Limited, Credit Rating Agency registered with SEBI, as the Monitoring Agency for the aforesaid issue.
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Expansion project of Prag Distillery (P) Ltd (Prag) wholly owned subsidiary of the Company and granted in principle to provide financial assistance to Prag of Rs. 34 crores (approximately) and has authorized the Finance Committee to take all necessary steps and actions on behalf of the Company to effect the said assistance.
The Meeting of the Board commenced at 03 : 22 P.M. and concluded at 03 : 48 P.M.
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.
MINUZEER Digitally signed by MINUZEER YAZDI YAZDI BAMBOAT Date: 2025.07.29 BAMBOAT 17:12:48 +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 |
|---|---|---|
| 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. |
| Post allotment of | For Outcome of | For Outcome of subscription – |
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| securities - outcome of the subscription, issue price / allotted price (in case of convertibles) |
subscription – Refer Annexure II. |
ReferAnnexure II. |
|---|---|---|
| In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument |
Not Applicable | Each Warrant is convertible into 1 (One) Equity Share and the conversion can be exercised at any time within a period of 18 (Eighteen) months from the date of allotment, in one or more tranches and on 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
| Sr. No. |
Name of the Proposed Allottees |
Category | No. of Equity Shares to be offered/ issued/ allotted |
No. of Warrant to be offered/ issued/ allotted |
Consideration at Rs. 382/- per equity share/warrants (including premium of Rs. 372/- per equity share/ warrants) (Figures in Rs) |
|---|---|---|---|---|---|
| 1. | SMALLCAP World Fund, Inc. |
Non-Promoter | 65,50,000 | NA | 2,50,21,00,000 |
| 2. | Cohesion MK Best Ideas Sub-Trust |
Non-Promoter | 25,25,000 | NA | 96,45,50,000 |
| 3. | Bandhan Focused Fund | Non-Promoter | 13,25,000 | NA | 50,61,50,000 |
| 4. | Abakkus Diversified Alpha Fund |
Non-Promoter | 8,60,000 | NA | 32,85,20,000 |
| 5. | Abakkus Growth Fund 2 | Non-Promoter | 8,60,000 | NA | 32,85,20,000 |
| 6. | Abakkus Diversified Alpha Fund 2 |
Non-Promoter | 7,30,000 | NA | 27,88,60,000 |
| 7. | Aryabhata Global Assets Funds ICAV- Aryabhata India Fund |
Non-Promoter | 6,80,000 | NA | 25,97,60,000 |
| 8. | FLC InvestCo LLC | Non-Promoter | 6,00,000 | NA | 22,92,00,000 |
| 9. | Ramesh S Damani Finance Private Limited |
Non-Promoter | 2,50,000 | NA | 9,55,00,000 |
| 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 Holdings Limited |
Non-Promoter | NA | 18,50,000 | 70,67,00,000 |
| 15. | Param Capital | Non-Promoter | NA | 18,50,000 | 70,67,00,000 |
| 16. | Chartered Finance & LeasingLimited |
Non-Promoter | NA | 16,00,000 | 61,12,00,000 |
| 17. | Singularity Equity Fund I |
Non-Promoter | NA | 12,00,000 | 45,84,00,000 |
| 18. | SingularityGrowth | Non-Promoter | NA | 12,00,000 | 45,84,00,000 |
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| Opportunities Fund II | |||||
|---|---|---|---|---|---|
| 19. | Singularity Large Value Fund I |
Non-Promoter | NA | 10,00,000 | 38,20,00,000 |
| 20. | Marigold Wealth Trust | Non-Promoter | NA | 7,85,000 | 29,98,70,000 |
| 21. | Saraswati Commercial (India)Limited |
Non-Promoter | NA | 7,00,000 | 26,74,00,000 |
| 22. | Umesh Kumar Agarwal | Non-Promoter | NA | 6,30,000 | 24,06,60,000 |
| 23. | VijayKumar Agarwal | Non-Promoter | NA | 6,30,000 | 24,06,60,000 |
| 24. | RajKumar Agarwal | Non-Promoter | NA | 6,30,000 | 24,06,60,000 |
| 25. | VM Vinimay Private Limited |
Non-Promoter | NA | 6,00,000 | 22,92,00,000 |
| 26. | Shakti Finvest Private Limited |
Non-Promoter | NA | 6,00,000 | 22,92,00,000 |
| 27. | S S Spirits LLP | Non-Promoter | NA | 6,00,000 | 22,92,00,000 |
| 28. | AmireddySneha Reddy | Non-Promoter | NA | 6,00,000 | 22,92,00,000 |
| 29. | Krishnakripa Holdings Pvt. Ltd. |
Non-Promoter | NA | 5,20,000 | 19,86,40,000 |
| 30. | Geecee Ventures Limited | Non-Promoter | NA | 5,00,000 | 19,10,00,000 |
| 31. | Wealthwave Capital Fund |
Non-Promoter | NA | 4,75,000 | 18,14,50,000 |
| 32. | Shardul Securities Limited |
Non-Promoter | NA | 4,25,000 | 16,23,50,000 |
| 33. | Dnyaneshwar Trading and Investments Private Limited |
Non-Promoter | NA | 4,00,000 | 15,28,00,000 |
| 34. | Nirmal Kumar Agrawal | Non-Promoter | NA | 2,90,000 | 11,07,80,000 |
| 35. | Astralit Investments Private Limited |
Non-Promoter | NA | 2,50,000 | 9,55,00,000 |
| 36. | Aniruddh Mundra | Non-Promoter | NA | 2,50,000 | 9,55,00,000 |
| 37. | Atul Goel FamilyTrust | Non-Promoter | NA | 2,35,000 | 8,97,70,000 |
| 38. | Abans Finance Private Limited |
Non-Promoter | NA | 1,75,000 | 6,68,50,000 |
| 39. | Bhavini Shah | Non-Promoter | NA | 1,50,000 | 5,73,00,000 |
| 40. | SingularityEquityFund II | Non-Promoter | NA | 1,25,000 | 4,77,50,000 |
| 41. | PradipNarayan 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. | DheerajRavella | 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
| Sr. No. |
Name of the Allottees | Pre-issue (as of 25.07.2025) |
Pre-issue (as of 25.07.2025) |
Post-issue of Equity* Shares and post conversion of Warrants into Equity Shares** |
Post-issue of Equity* Shares and post conversion of Warrants into Equity Shares** |
|---|---|---|---|---|---|
| No. of Shares |
% | No. of Shares |
% | ||
| 1. | Amit Arun Dahanukar | 2,68,44,552 | 13.85 | 3,48,44,552 | 13.72 |
| 2. | S S Spirits LLP | 51,58,333 | 2.66 | 57,58,333 | 2.27 |
| 3. | SingularityEquityFund 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. | Axana Estates LLP | Nil | - | 98,15,000 | 3.87 |
| 6. | SMALLCAP World Fund,Inc. | Nil | - | 65,50,000 | 2.58 |
| 7. | TIMF Holdings | Nil | - | 60,00,000 | 2.36 |
| 8. | Arpit Khandelwal | Nil | - | 32,70,000 | 1.29 |
| 9. | Cohesion MK Best Ideas Sub-Trust | Nil | - | 25,25,000 | 0.99 |
| 10. | QRG Investments and Holdings Limited |
Nil | - | 18,50,000 | 0.73 |
| 11. | Param Capital | Nil | - | 18,50,000 | 0.73 |
| 12. | Chartered Finance & Leasing Limited |
Nil | - | 16,00,000 | 0.63 |
| 13. | Bandhan Focused Fund | Nil | - | 13,25,000 | 0.52 |
| 14. | Singularity Growth Opportunities Fund II |
Nil | - | 12,00,000 | 0.47 |
| 15. | SingularityLarge Value Fund I | Nil | - | 10,00,000 | 0.39 |
| 16. | Abakkus Diversified Alpha Fund | Nil | - | 8,60,000 | 0.34 |
| 17. | Abakkus Growth Fund 2 | Nil | - | 8,60,000 | 0.34 |
| 18. | Marigold Wealth Trust | Nil | - | 7,85,000 | 0.31 |
| 19. | Abakkus Diversified Alpha Fund 2 | Nil | - | 7,30,000 | 0.29 |
| 20. | Saraswati Commercial (India) Limited |
Nil | - | 7,00,000 | 0.28 |
| 21. | Aryabhata Global Assets Funds ICAV- Aryabhata India Fund |
Nil | - | 6,80,000 | 0.27 |
| 22. | Umesh Kumar Agarwal | Nil | - | 6,30,000 | 0.25 |
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| 23. | VijayKumar Agarwal | Nil | - | 6,30,000 | 0.25 |
|---|---|---|---|---|---|
| 24. | RajKumar Agarwal | Nil | - | 6,30,000 | 0.25 |
| 25. | VM VinimayPrivate Limited | Nil | - | 6,00,000 | 0.24 |
| 26. | Shakti Finvest Private Limited | Nil | - | 6,00,000 | 0.24 |
| 27. | AmireddySneha Reddy | Nil | - | 6,00,000 | 0.24 |
| 28. | FLC InvestCo LLC | Nil | - | 6,00,000 | 0.24 |
| 29. | Krishnakripa Holdings Pvt. Ltd. | Nil | - | 5,20,000 | 0.20 |
| 30. | Geecee Ventures Limited | Nil | - | 5,00,000 | 0.20 |
| 31. | Wealthwave Capital Fund | Nil | - | 4,75,000 | 0.19 |
| 32. | Dnyaneshwar Trading and Investments Private Limited |
Nil | - | 4,00,000 | 0.16 |
| 33. | Nirmal Kumar Agrawal | Nil | - | 2,90,000 | 0.11 |
| 34. | Astralit Investments Private Limited | Nil | - | 2,50,000 | 0.10 |
| 35. | Aniruddh Mundra | Nil | - | 2,50,000 | 0.10 |
| 36. | Ramesh S Damani Finance Private Limited |
Nil | - | 2,50,000 | 0.10 |
| 37. | Atul Goel FamilyTrust | Nil | - | 2,35,000 | 0.09 |
| 38. | Abans Finance Private Limited | Nil | - | 1,75,000 | 0.07 |
| 39. | Bhavini Shah | Nil | - | 1,50,000 | 0.06 |
| 40. | SingularityEquityFund II | Nil | - | 1,25,000 | 0.05 |
| 41. | PradipNarayan Pai | Nil | - | 1,20,000 | 0.05 |
| 42. | Rahul Suresh Jindal | Nil | - | 90,000 | 0.04 |
| 43. | DheerajRavella | Nil | - | 85,000 | 0.03 |
| 44. | Ramadugu Karteek | Nil | - | 65,000 | 0.03 |
| Total | 3,24,02,885 | 16.72 | 9,24,97,885 | 36.43 |
*The shareholding is calculated assuming full exercise of Warrants.
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