Tilaknagar Industries Ltd — Interim / Quarterly Report 2026

Aug 11, 2025

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August 11, 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 held today i.e. Monday, August 11, 2025, has, inter-alia :

1. Considered and approved the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2025, along with the limited review reports thereon submitted by M/s. Harshil Shah & Company, Statutory Auditors of the Company which are enclosed herewith pursuant to the provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Considered and approved the appointment of M/s. Parikh & Associates, Practicing Company Secretaries (Firm Registration No.: P1988MH009800) as the Secretarial Auditors of the Company on the recommendation of Audit Committee, for a period of five consecutive years commencing from the financial year 2025-26 till financial year 2029-30, subject to the approval of the Members at the ensuing Annual General Meeting of the Company.

3. Considered and approved the capital expenditure of Rs. 25 crores for Prag Distillery (P) Ltd (“Prag”), Wholly Owned Subsidiary of the Company, for enhancing its existing bottling capacity from approx. 6 lacs cases per annum to 36 lacs cases per annum, subject to compliance of applicable rules.

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 & B respectively.

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The Meeting of the Board commenced at 3: 47 P.M. and concluded at 4:27 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.

MINUZEE Digitally signed by MINUZEER R YAZDI YAZDI BAMBOAT Date: 2025.08.11 BAMBOAT 18:36:13 +05'30'

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

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Annexure A

The required details of Auditors seeking appointment 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.

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Sr. No. Particulars DETAILS
1. Reason for Appointment of M/s. Parikh & Associates, Practicing
change viz. Company Secretaries, as the Secretarial Auditors of the
Appointment Company, subject to approval of Members of the
Company at the ensuing Annual General Meeting.
2. Date of The Board of Directors of the Company at its meeting
appointment & held today i.e., August 11, 2025, based on the
term of recommendation of the Audit Committee, approved the
appointment appointment of M/s. Parikh & Associates, Practicing
Company Secretaries (Firm Registration No.
P1988MH009800), as the Secretarial Auditors of the
Company for a period of five consecutive years
commencing from the financial year 2025-26 till the
financial year 2029-30. The appointment is subject to
the approval of the Members of the Company at the
ensuing Annual General Meeting.
3. Brief Profile M/s Parikh & Associates is a peer-reviewed and
quality-reviewed firm by the Institute of Company
Secretaries of India (ICSI). The firm was established in
the year 1987 and has its registered office in Mumbai,
Maharashtra. The firm offers a wide range of
professional services in the field of corporate laws, SEBI
regulations, FEMA regulations, including carrying out
Secretarial Audits, Due Diligence Audits, and
Compliance Audits, to its clients. It is amongst the
reputed audit firms and are secretarial auditors for
several large companies, including some of the top 100
listed entities in India.
4. Relationship with Not applicable
Directors (in case
of appointment of
a director)
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Annexure B

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

Sr. No.	Particulars	DETAILS
1.	Existing capacity	Approx 6 lacs cases per annum
2.	Existingcapacityutilization	Approx 100%
3.	Proposed capacity addition	Approx 30 lacs cases per annum (Incremental capacity)
4.	Period within which the proposed capacity is to be added	12 months
5.	Investment required	Rs. 25 crores
6.	Mode of financing	The project will be funded through financial assistance from the Holding Company to Prag.
7.	Rationale	The above capital expenditure is to fulfill the growing capacity requirements in Andhra Pradesh.

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Harshil Shah & Company Chartered Accountants

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Independent Auditor’s Review Report on the Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Tilaknagar Industries Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of Tilaknagar Industries Limited (hereinafter referred to as the “Holding Company”) and its subsidiaries and associates (collectively referred to as “the Group”) for the quarter ended June 30, 2025 (“Consolidated Statement”), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. This Consolidated Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Consolidated Statement based on our review.

3. We conducted our review of the Consolidated Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations to the extent applicable.

1. This Consolidated Statement includes the results of Holding Company and its following Subsidiaries and Associate:

	Holding Company
1	Tilaknagar Industries Ltd

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113, ( 112 A ), Dimple Arcade, Thakur Complex, Off Western Express Highway, Kandivali East, Mumbai 400101, info@caharshilshah.com , Ph :- 022 401 39 401

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Harshil Shah & Company Chartered Accountants

	Subsidiaries:
1	PragDistillery (P)Ltd
2	Vahni Distilleries Pvt.Ltd
3	Punjab Expo Breweries Pvt. Ltd
4	Shivprabha Sugars Ltd
	Associates:
1	Round the Cocktails Private Limited
2	Mason & Summers MarketingServices Pvt. Ltd

5. Attention is invited to Note no. 5 of the Consolidated Statement where by The Holding Company has not carried out impairment assessment of one of the ENA plants as required by Indian Accounting Standard (Ind AS 36) ‘Impairment of Assets’ though there is an indication of impairment.

• The above matter was also qualified in our report on the audited financial statement for the quarter and year ended March 31, 2025.

6. Based on our review conducted and procedures performed as stated in paragraph 3 above, except for the possible effects of the matters described in paragraph 5 above and based on the consideration of the review report of the other auditors referred to in paragraph 8 below and, nothing has come to our attention that causes us to believe that the accompanying Consolidated Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. a. We did not review the interim financial statements/ information of 4 subsidiaries included in the consolidated statement whose Ind AS financial statements include total revenue of Rs. 340.37 lakhs and total Profit of Rs. 13.66 lakhs including other comprehensive income for the quarter ended June 30, 2025 as considered in the consolidated financial results. This interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management, and our conclusion on the Consolidated statement insofar as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of such auditors and the procedure performed by us as stated above. Our conclusion is not modified in respect of the above matter.

b. The Consolidated Statement includes the Holding Company's share of net loss of Rs. 11.70 lakhs for the quarter ended June 30, 2025 in respect of the associate company, ‘Round the Cocktails Private Limited’. These financial statements have been prepared in accordance with the accounting standards prescribed under section 133 of 113, ( 112 A ), Dimple Arcade, Thakur Complex, Off Western Express Highway, Kandivali East, Mumbai 400101, info@caharshilshah.com , Ph :- 022 401 39 401

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Harshil Shah & Company Chartered Accountants

the Companies Act, 2013 read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (hereinafter referred to as the ‘previous GAAP’) and have been audited by other auditor whose report have been furnished to us. The management of the Holding and associate Company has restated these Financial Statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) and are reviewed by us so far as it related to conversion adjustments from Previous GAAP to Ind AS. Our Report on the statement, in so far as it relates to the amounts and disclosures included in respect of this associate, is based solely on the report of the other auditor and of the said conversion adjustments. Our conclusion on the consolidated statement is not modified in respect of the above matter with respect to our reliance on the work done and the reports of other auditors.

Our conclusion is not modified in respect of the above matter.

c. The Consolidated statement also include Group’s share of loss/ profit Rs. Nil for the quarter ended June 30, 2025 as considered in the Consolidated statement in respect of 1 Associate whose financial results have not been audited by us. The Financial information of the Associate is not available and the Group has provided its share of loss to the extent of the Investment. According to the information and explanation given to us by the management this financial information is not material to the Group.

Our conclusion is not modified in respect of the above matter

For Harshil Shah & Company Chartered Accountants ICAI Firm Reg. No. 141179W

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Himmat Sharma Partner Membership No. 156501

Place: Mumbai Date: August 11, 2025 ICAI UDIN: 25156501BMLISB7861

113, ( 112 A ), Dimple Arcade, Thakur Complex, Off Western Express Highway, Kandivali East, Mumbai 400101, info@caharshilshah.com , Ph :- 022 401 39 401

TILAKNAGAR INDUSTRIES LTD. (CIN: L15420PN1933PLC133303)

Corporate Office: 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra - 400 020 Regd.Office : P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahilyanagar, Maharashtra - 413 720 Email: investor@tilind.com; Website: www.tilind.com; Phone: +91 22 22831716/18; Fax: +91 22 22046904

	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)
	Statement of Consolidated Unaudited Financial Results for the Quarter ended June 30, 2025
	Particulars	Quarter ended			Year ended
		30.06.2025 Unaudited	31.03.2025 Audited	30.06.2024 Unaudited	31.03.2025 Audited
I	Revenue from operations	86,386.95	88,118.27	66,486.14	3,17,461.49
II	Other Income	425.79	844.74	174.02	1,756.56
III	Total Income(I + II)	86,812.74	88,963.01	66,660.16	3,19,218.05
IV	Expenses (a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (d) Excise duty (e) Employee benefits expense (f) Finance costs (g) Depreciation and amortization expense (h)Other expenses	20,859.01 - (1,181.92) 45,472.93 1,400.66 280.92 728.56 10,390.13	19,883.02 - 903.28 47,537.71 1,371.90 229.37 726.09 10,580.15	16,762.85 - (978.29) 35,169.82 1,310.14 416.30 772.69 9,198.05	76,453.33 - (3,731.13) 1,74,046.04 5,495.15 1,216.23 3,050.93 39,709.53
	Total expenses	77,950.29	81,231.52	62,651.56	2,96,240.08
V	Profit/(Loss) before exceptional items and tax(III-IV)	8,862.45	7,731.49	4,008.60	22,977.97
VI	Exceptional items( Net)	-	-	-	-
VII	Profit/(Loss) Before Tax(V+/-VI)	8,862.45	7,731.49	4,008.60	22,977.97
VIII	Tax Expense
	(a)Current tax	-	-	-	-
	(b)Taxes for Earlier Years	-	(0.65)	-	(0.65)
	(c)Deferred tax	-	-	-	-
	Total tax expense	-	(0.65)	-	(0.65)
IX	Profit/(Loss) for theperiod before share of Profit/(Loss) of associate(VII-VIII)	8,862.45	7,732.14	4,008.60	22,978.62
X	Share of Profit/(Loss) of associate	(11.70)	2.65	-	(19.33)
XI	Profit/(Loss) for theperiod(IX+X)	8,850.75	7,734.79	4,008.60	22,959.29
XII	Other Comprehensive Income/(Loss)
	(a)Items that will not be reclassified to Profit & Loss
	(i)Remeasurementgain /(loss)in respect of the defined benefitplans	(28.80)	(100.17)	(5.01)	(115.20)
	(ii)Net Gain /(Loss)on Fair Value through OCI - EquityInstruments	-	-	-	(20.08)
	(iii)Tax on Items that will not be reclassified to Profit & Loss	-	-	-	-
	(b)Items that will be reclassified to Profit & Loss	-	-	-	-
	Total Other Comprehensive Income/(Loss) for theperiod[(a) +(b)]	(28.80)	(100.17)	(5.01)	(135.28)
XIII	Total Comprehensive Income/(Loss) for theperiod(XI+XII)	8,821.95	7,634.62	4,003.59	22,824.01
XIV	Profit/Loss for theperiod attributable to
	(a)Owners of the Company	8,850.75	7,734.79	4,008.60	22,959.29
	(b)Non-ControllingInterests	-	-	-	-
XV	Other Comprehensive Income/(Loss) for theperiod attributable to
	(a)Owners of the Company	(28.80)	(100.17)	(5.01)	(135.28)
	(b)Non-ControllingInterests	-	-	-	-
XVI	Total Comprehensive Income/(Loss) for theperiod attributable to
	(a)Owners of the Company	8,821.95	7,634.62	4,003.59	22,824.01
	(b)Non-ControllingInterests			-	-
**XVII **	Paid-up Equity Share Capital(Face value of Rs. 10/-per Share)	19,381.38	19,363.40	19,280.51	19,363.40
**XVIII **	Other Equity asper Balance Sheet				68,861.24
XIX	Earnings Per Equity Share of Rs. 10 /- each (not annualized) (a) Basic (Rs.) (b)Diluted(Rs.)	4.57 4.54	4.01 3.98	2.08 2.06	11.89 11.81

Sr No	Notes to Consolidated Financial Results
1	The above consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on August 11,2025. The Statutory Auditors have expressedqualified opinion.
2	The above results have been prepared in accordance with Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
3	The above results have been prepared by the Company in accordance with IND-AS 110: Consolidated Financial Statements and IND-AS 28: Accounting for Investments in Associate in Consolidated Financial Statements prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India.
4	The Group is predominantly engaged in the business of manufacture and sale of Indian Made Foreign Liquor (IMFL) and its related products, which constitute a single business segment as per IND-AS 108: Operating Segments. Accordingly, disclosure in accordance with the provisions of Circular issued by the SEBI on July 05, 2016 is not applicable.
5	The Parent Company expects to restart the grain distillery plant post incurring of relevant capital expenditure. In view of this, the management believes that there is no impairment in value of its ENA Plant and hence the recoverable amount of the ENA Plant is not required to be estimated.
6	The Revenue from Operations includes Rs 3,862.27 lacs for the quarter ended June 30, 2025, Rs 1,308.96 lacs for the quarter ended March 31, 2025, Rs 556.39 lacs for the quarter ended June 30, 2024 and Rs 2,901.09 lacs for the year ended March 31, 2025 received as partial Subsidy from Government of Maharashtra under Package Scheme of Incentives, 2007, relating to past investments.
7	A body corporate has filed a suit in Bombay High Court in 2009 regarding ownership of one of the brands owned by the Company, and the Company has filed a counter claim in this regard. The Court in its order dated December 22, 2011 has adjudicated in favor of the Company and allowed unrestricted usage of the concerned brand throughout India by the Company. An appeal had been filed by the body corporate against the order dated December22, 2011. Videanorderdated July16, 2025 passed by theDivision Benchof

		the Bombay High Court, the said appeal filed by the body corporate has been dismissed and the Court has deemed it fit to upheld the order dated December 22, 2011 in favour of the Company. In a separate application filed in the counter claim, the Court in its order dated February 07, 2025 had given approval to the assignee of the body corporate to also use the name of the concerned brand in West Bengal. The Company believed it has strong case in its favor and had filed an appeal with the Division Bench of Bombay High Court against the said order. The Bombay High Court had put a stay on the order dated February 07, 2025, and subsequently an undertaking had been given by the assignee of body corporate that it will not act upon the order dated February 07, 2025. Vide an order dated July 16, 2025 the Division Bench of Bombay High Court has allowed the appeal filed by the Company and set aside the order dated February 07, 2025 passed by the Single Bench. As a result of which the body corporate and its assignee are now restrained from using the name of the concerned brand until the final decision of the suit. The Company continues its uninterrupted exclusive use and sale of the goods under the said brand.
8		Acquisition of Imperial Blue Business Division from Pernod Ricard India Private Limited : In July 2025, the Company and / or Grain & Grape Works Private Limited, a Wholly Owned Subsidiary of the Company entered into a Business Transfer Agreement (BTA) along with ancillary agreements to acquire the Business Undertaking of Pernod Ricard India Private Limited, as a going concern on a slump sale basis, related to the business of production, bottling, marketing and sale of alcoholic and other beverages under the Imperial Blue Brands (IB), for a lump sum consideration of EUR 413 million (approx Rs 4,150 crores), subject to the adjustments in accordance with the terms and conditions set out in the above agreements. The consideration also includes deferred consideration of EUR 28 million (approx Rs 282 crores), to be paid after four years from the date of closure of the transaction. The proposed transaction includes acquisition of the IB brands, with 22.4 million 9-litre cases sold in the year ended March 2025 across India and other markets, including two owned units and services from co-manufacturing bottlers across India. The transaction is expected to be consummated in 6 months subject to receipt of approval from the Competition Commission of India. The Company will fund the aforementioned acquisition through a mix of debt and equity.
9		Update on Expansion Plans of Wholly Owned Subsidiary– M/s. Prag Distillery (P) Ltd. (Prag) The Office of the Commissioner of Distilleries & Breweries, Andhra Pradesh, Vijayawada has extended the validity of the Letter of Intent (LOI) issued earlier for Grant of Expansion License for augmentation of Bottling capacity by 200 lakh proof litres (approx 30 lac cases per annum),in favourof Pragatitsfactoryin Andhra Pradesh, subject to compliancewith

	applicable rules and payment of LOI fees along with interest till the date of payment and obtaining the Expansion License up to August 31, 2025. The Holding Company has approved the expansion project and subsequently paid Rs 33.04 crores towards LOI fees and accrued interest on August 4, 2025. This approval enables Prag to initiate the required steps for expansion and commencement of enhanced bottling operations to meet its growing capacity requirements in Andhra Pradesh. Further, the Board of Directors of the Holding Company at its Meeting held today on August 11, 2025, has approved additionally, the capital expenditure of Prag of Rs 25 crores for the above expansion of its existing bottling capacity, subject to compliance of applicable rules. The capital expenditure will be funded through financial assistance from the Holding Company to Prag.
10	The figures for the quarter ended March 31 , 2025 are the balancing figures between the audited figures for the year ended March 31 , 2025 and year to date figures upto December 31 , 2024 which were subject to limited review by the statutory Auditors.
11	The Standalone and Consolidated unaudited financial results of the Company for the quarter and period ended June 30, 2025 are available on the Company’s website (www.tilind.com) and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).
12	The previous period figures have been regrouped and reclassified wherever necessary.

On behalf of the Board

For Tilaknagar Industries Ltd.

AMIT Digitally signed by AMIT DAHANUK DAHANUKAR Date: 2025.08.11 AR 18:37:06 +05'30' Amit Dahanukar Place: Mumbai Chairman & Managing Director Date: August 11, 2025 DIN: 00305636

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Harshil Shah & Company Chartered Accountants

Independent Auditor’s Review Report on The Unaudited Quarterly Financial Results Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Tilaknagar Industries Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Tilaknagar Industries Limited (“the Company”) for the quarter ended June 30, 2025 (“the Statement”), being submitted by the company pursuant to the requirement of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. The Company has not carried out impairment analysis of one of the ENA plants as required by Indian Accounting Standard (Ind AS 36) ‘Impairment of Assets’ though there is an indication of impairment. Reference is invited to Note no. 4 of the standalone statement.

5. The above matter was also qualified in our report on the audited financial Statement for the quarter and year ended March 31, 2025.

6. Based on our review conducted and procedures performed as stated above, except for the possible effects of the matter described in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other recognised accounting practices and policies generally accepted in India has not disclosed the information required to be disclosed

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113, ( 112 A ), Dimple Arcade, Thakur Complex, Off Western Express Highway, Kandivali East, Mumbai 400101, info@caharshilshah.com , Ph :- 022 401 39 401

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Harshil Shah & Company Chartered Accountants

in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Harshil Shah & Company Chartered Accountants ICAI Firm Reg. No. 141179W

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Himmat Sharma Partner Membership No.156501

Place: Mumbai Date: August 11, 2025 ICAI UDIN: 25156501BMLISA6948

113, ( 112 A ), Dimple Arcade, Thakur Complex, Off Western Express Highway, Kandivali East, Mumbai 400101, info@caharshilshah.com , Ph :- 022 401 39 401

TILAKNAGAR INDUSTRIES LTD. (CIN: L15420PN1933PLC133303)

Corporate Office: 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra - 400 020 Regd.Office : P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahilyanagar, Maharashtra - 413 720 Email: investor@tilind.com; Website: www.tilind.com; Phone: +91 22 22831716/18; Fax: +91 22 22046904

	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)	(Rs. in Lacs except EPS)
	Statement of Standalone Unaudited Financial Results for the Quarter ended June 30, 2025
	Particulars	Quarter ended			Year ended
		30.06.2025 Unaudited	31.03.2025 Audited	30.06.2024 Unaudited	31.03.2025 Audited
I	Revenue from Operations	86,386.95	88,118.27	66,476.20	3,17,461.49
II	Other Income	435.41	818.49	186.74	1,693.33
III	Total Income(I + II)	86,822.36	88,936.76	66,662.94	3,19,154.82
IV	Expenses (a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (d) Excise duty (e) Employee benefits expense (f) Finance costs (g) Depreciation and amortization expense (h)Other expenses	20,859.01 - (1,181.92) 45,472.93 1,325.86 280.92 687.36 10,530.81	19,883.02 - 903.28 47,537.71 1,281.27 229.36 684.69 10,719.97	16,762.85 - (978.29) 35,169.82 1,222.58 416.30 733.04 9,302.22	76,453.33 - (3,731.13) 1,74,046.04 5,144.40 1,216.22 2,888.56 40,197.29
	Total Expenses	77,974.97	81,239.30	62,628.52	2,96,214.71
V	Profit/(Loss) Before Exceptional Items And Tax(III-IV)	8,847.39	7,697.46	4,034.42	22,940.11
VI	Exceptional Items(Net) (Refer Note No 5)	-	1,002.24	-	1,002.24
**VII **	Profit/(Loss) Before Tax(V+/-VI)	8,847.39	8,699.70	4,034.42	23,942.35
**VIII **	Tax Expense
	(a)Current tax	-	-	-	-
	(b)Taxes for Earlier Years	-	(0.65)	-	(0.65)
	(c)Deferred tax	-	-	-	-
	Total Tax Expense	-	(0.65)	-	(0.65)
IX	Profit/(Loss) For The Period(VII-VIII)	8,847.39	8,700.35	4,034.42	23,943.00
X	Other Comprehensive Income/(Loss)
	(a)Items that will not be reclassified to Profit & Loss
	(i)Remeasurementgain /(loss)in respect of the defined benefitplans	(27.67)	(104.48)	(2.07)	(110.69)
	(ii)Net Gain /(Loss)on Fair Value through OCI - EquityInstruments	-	-	-	(20.08)
	(iii)Tax on Items that will not be reclassified to Profit & Loss	-	-	-	-
	(b)Items that will be reclassified to Profit & Loss	-	-	-	-
	Total Other Comprehensive Income/(Loss) For The Period[(a) +(b)]	(27.67)	(104.48)	(2.07)	(130.77)
XI	Total Comprehensive Income/(Loss) For The Period(IX+X)	8,819.72	8,595.87	4,032.35	23,812.23
**XII **	Paid-up Equity Share Capital(Face value of Rs. 10/-per Share)	19,381.38	19,363.40	19,280.51	19,363.40
**XIII **	Other Equity asper Balance Sheet				70,900.78
**XIV **	Earnings Per Equity Share of Rs. 10 /- Each (not annualized) (a) Basic (Rs.) (b)Diluted(Rs.)	4.57 4.54	4.51 4.48	2.09 2.07	12.40 12.31

Sr Notes to Standalone Financial Results No 1 The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on August 11, 2025. The Statutory Auditors have expressed qualified opinion. 2 The above results have been prepared in accordance with Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. 3 The Company is predominantly engaged in the business of manufacture and sale of Indian Made Foreign Liquor (IMFL) and its related products, which constitute a single business segment as per IND-AS 108: Operating Segments. Accordingly, disclosure in accordance with the provisions of Circular issued by the SEBI on July 05, 2016 is not applicable. 4 The Company expects to restart the grain distillery plant post incurring of relevant capital expenditure. In view of this, the management believes that there is no impairment in value of its ENA Plant and hence the recoverable amount of the ENA Plant is not required to be estimated. 5 Exceptional Items in the year ended March 31, 2025 includes : Over the years, the net worth of “PunjabExpo Breweries Private Ltd" a wholly owned subsidiary (referred as PE) had been fully eroded despite attempts to rationalize its administrative overheads. In the year 2022-2023 the company had assessed the situation and concluded that there is no sufficient visibility on PE northern business and return on investments. The company accordingly provided for impairment of the equity investments in PE of Rs 2,680.39 lacs in its books of accounts under exceptional items for the quarter and year ended March 31, 2023. In the following years, the management of PE increased / rationalised the capacity utilisation and contract manufacturing rates for bottling carried on for the holding company. Consequent to the financial restructuring and steps taken by PE, efficiency has improved resulting in profit during the year and positive networth at the year end. The company reassessed the value of its equity investment through an independent valuation exercise at Rs 1,002.24 lacs. The provision created in 2022-2023 was thus written back for Rs 1,002.24 lacs under exceptional items for the quarter and year ended March 31, 2025.

6 The Revenue from Operations includes Rs 3,862.27 lacs for the quarter ended June 30, 2025, Rs 1,308.96 lacs for the quarter ended March 31, 2025, Rs 556.39 lacs for the quarter ended June 30, 2024 and Rs 2,901.09 lacs for the year ended March 31, 2025 received as partial Subsidy from Government of Maharashtra under Package Scheme of Incentives, 2007, relating to past investments.

7 A body corporate has filed a suit in Bombay High Court in 2009 regarding ownership of one of the brands owned by the Company, and the Company has filed a counter claim in this regard. The Court in its order dated December 22, 2011 has adjudicated in favor of the Company and allowed unrestricted usage of the concerned brand throughout India by the Company. An appeal had been filed by the body corporate against the order dated December 22, 2011. Vide an order dated July 16, 2025 passed by the Division Bench of the Bombay High Court, the said appeal filed by the body corporate has been dismissed and the Court has deemed it fit to upheld the order dated December 22, 2011 in favour of the Company.

In a separate application filed in the counter claim, the Court in its order dated February 07, 2025 had given approval to the assignee of the body corporate to also use the name of the concerned brand in West Bengal. The Company believed it has strong case in its favor and had filed an appeal with the Division Bench of Bombay High Court against the said order. The Bombay High Court had put a stay on the order dated February 07, 2025, and subsequently an undertaking had been given by the assignee of body corporate that it will not act upon the order dated February 07, 2025. Vide an order dated July 16, 2025 the Division Bench of Bombay High Court has allowed the appeal filed by the Company and set aside the order dated February 07, 2025 passed by the Single Bench. As a result of which the body corporate and its assignee are now restrained from using the name of the concerned brand until the final decision of the suit.

The Company continues its uninterrupted exclusive use and sale of the goods under the said brand.

8 Acquisition of Imperial Blue Business Division from Pernod Ricard India Private Limited :

In July 2025, the Company and / or Grain & Grape Works Private Limited, a Wholly Owned Subsidiary of the Company entered into a Business Transfer Agreement (BTA) along with ancillary agreements to acquire the Business Undertaking of Pernod Ricard India Private Limited, as a going concern on a slump sale basis, related to the business of production, bottling, marketing and sale of alcoholic and other beverages under the Imperial Blue Brands (IB), for a lump sum consideration of EUR 413 million (approx Rs 4,150 crores), subject to the adjustments in accordance with the terms and conditions set out in the above agreements. The consideration also includes deferred consideration

		of EUR 28 million (approx Rs 282 crores), to be paid after four years from the date of closure of the transaction. The proposed transaction includes acquisition of the IB brands, with 22.4 million 9-litre cases sold in the year ended March 2025 across India and other markets, including two owned units and services from co-manufacturing bottlers across India. The transaction is expected to be consummated in 6 months subject to receipt of approval from the Competition Commission of India. The Company will fund the aforementioned acquisition through a mix of debt and equity.
9		Update on Expansion Plans of Wholly Owned Subsidiary– M/s. Prag Distillery (P) Ltd. (Prag) The Office of the Commissioner of Distilleries & Breweries, Andhra Pradesh, Vijayawada has extended the validity of the Letter of Intent (LOI) issued earlier for Grant of Expansion License for augmentation of Bottling capacity by 200 lakh proof litres (approx 30 lac cases per annum), in favour of Prag at its factory in Andhra Pradesh, subject to compliance with applicable rules and payment of LOI fees along with interest till the date of payment and obtaining the Expansion License up to August 31, 2025. The Company has approved the expansion project and subsequently paid Rs 33.04 crores towards LOI fees and accrued interest on August 4, 2025. This approval enables Prag to initiate the required steps for expansion and commencement of enhanced bottling operations to meet its growing capacity requirements in Andhra Pradesh. Further, the Board of Directors of the Company at its Meeting held today on August 11, 2025, has approved additionally, the capital expenditure of Prag of Rs 25 crores for the above expansion of its existing bottling capacity, subject to compliance of applicable rules. The capital expenditure will be funded through financial assistance from the Company to Prag.
10		The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures for the year ended March 31, 2025 and year to date figures upto December 31, 2024 which were subject to limited review by the statutory Auditors.
11		The previous period figures have been regrouped and reclassified wherever necessary.

On behalf of the Board For Tilaknagar Industries Ltd.

AMIT Digitally signed by AMIT DAHANU DAHANUKAR Date: 2025.08.11 KAR 18:37:39 +05'30' Amit Dahanukar Place: Mumbai Chairman & Managing Director Date: August 11, 2025 DIN00305636