Tilaknagar Industries Ltd — Major Shareholding Notification 2026

Jan 21, 2026

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Ref. No.: CL/SAST/25-26/22677 Date: 20 January 2026

To,
BSE Limited		National Stock Exchange of India	Limited
Pheroze Jeejeebhoy Towers,		Exchange Plaza, C-1, Block - G, Bandra Kurla
Dalal Street, Mumbai	400 001	Complex, Bandra (East), Mumbai	400 051

Sub: Disclosure under Regulation 29(1) read with Regulation 29(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1

This disclosure is being submitted by Catalyst Trusteeship Limited, in its capacity as the Common Security Trustee, pursuant to the provisions of Regulation 29(1) read with Regulation 29(4) of the Takeover Regulations, in connection with, among other things, the non-disposal undertaking executed on the equity shares of Tilaknagar Industries Limited Target Company in favour of Catalyst Trusteeship Limited by Mr. Amit Dahanukar, Promoter of the Target Company on December 22, 2025. The undertakings being provided are treated as an encumbrance under Takeover Code pursuant to which this disclosure is being made.

Tilaknagar Industries Limited is an entity incorporated in India, whose shares are listed on the stock exchange.

In relation to the financing arrangements of the Target Company Relevant Working Capital Facility , Mr. Amit Dahanukar has executed an undertaking in favour of Catalyst Trusteeship Limited Common Security Trustee on 22 December 2025 Relevant Undertaking terms of the Relevant Undertaking, Mr. Amit Dahanukar has agreed: (a) that he along with Mrs. Shivani Amit Dahanukar, Ms. Priyadarshini Dahanukar, Mrs. Anupama Dahanukar, ML Dahanukar and Company Private Limited and Arunodoy Investments Private Limited will maintain at least 26% shareholding in the Target Company on a fully diluted basis, (b) Mr. Amit Dahanukar will refrain from creating any encumbrance over their shares except for acquisition-related financing, (c) Mr. Amit Dahanukar will continue to be a director on the board of the Target Company and retain control of the Target Company, and (d) Mr. Amit Dahanukar will not transfer or restructure ownership of his shares, without the prior consent of the lenders of the Relevant Working Capital Facility, which are currently, ICICI Bank Limited and Kotak Mahindra Bank Limited (the Working Capital Lenders , which term shall include any assigns, novates and transferees thereof). Any breach of the terms of the Relevant Undertaking will be an event of default under the terms of the Relevant Working Capital Facility.

We request you to kindly take the above on record and acknowledge receipt.

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1 The disclosure under regulation 29(1) read with regulation 29(4) of the Takeover Code dated 26 December 2025 is based on the quarterly shareholding pattern of the Target Company as of 30 September 2025. The shareholding pattern of the Target Company has changed pursuant to a preferential allotment and the revised shareholding pattern has been filed by the Target Company with the stock exchanges on 20 November 2025. Therefore, we are making this disclosure based on the revised shareholding pattern.

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For and on behalf of Catalyst Trusteeship Limited

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_____ Name: Deesha Srikkanth Designation: Senior Vice President Place: Mumbai Date: 20[th] January 2026

cc:

Tilaknagar Industries Limited

P. O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Ahmednagar, Maharashtra, 413720

Enclosed: Disclosure under Regulation 29(1) read with 29(4) of the Takeover Code.

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Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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	Part A	Part A	Part A
Name of the Target Company (TC)	Tilaknagar Industries Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Catalyst Trusteeship Limited, acting as the common security trustee for the lenders of the Relevant Working Capital Facility which are currently, ICICI Bank Limited and Kotak Mahindra Bank Limited.
Whether the acquirer belongs to Promoter / Promoter group	No.
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE Limited and the National Stock Exchange of India Limited.
Details of the acquisition as follows:	Number	% w.r.t. total share/voting capital wherever applicable (*)	% w.r.t. total diluted share/voting capital of the TC ()**
Before the acquisition under consideration, holding of acquirer along with PACs of: (a) Shares carrying voting rights (b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others) (c) Voting rights (VR) otherwise than by shares (d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) (e) Total (a+b+c+d)	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 541,30,375 equity shares carrying voting rights of the TC (e) 541,30,375 equity shares carrying voting rights of the TC.	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 541,30,375 equity shares aggregating to approximately 26% of the paid-up equity share capital carrying voting rights of the TC (e) 26 % of the paid-up equity share capital carrying voting rights of the TC.	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 6,64,50,631 equity shares aggregating to approximate ly (e) 26% of the paid-up equity share capital carrying voting rights of the TC 26% of the paid-up equity share capital carrying voting rights of the TC on a fully diluted basis.

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Details of acquisition~~/~~ (a) Shares carrying voting rights acquired (b) VRs acquired / otherwise than by equity shares (c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired (d) Shares in nature of encumbrance ~~(pledge/lien/n~~on-disposal undertaking/others) (e) Total (a+b+c+/-d)	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 98,05,900 equity shares carrying voting rights of the TC as set out in the NOTE below. (e) 98,05,900 equity shares carrying voting rights of the TC.	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 98,05,900 equity shares aggregating to approximately 3.99% of the paid-up equity share capital carrying voting rights of the TC as set out in the NOTE below. (e) 3.99 % of the paid-up equity share capital carrying voting rights of the TC.	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 98,05,900 equity shares aggregating to approximately 3.99% of the paid-up equity share capital carrying voting rights of the TC on a fully diluted basis as set out in the NOTE below. (e) 3.99% of the paid-up equity share capital carrying voting rights of the TC on a fully diluted basis.
After the acquisition /, holding of: (a) Shares carrying voting rights acquired (b) VRs otherwise than by shares (c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition (d) Shares in nature of encumbrance ~~(pledge/lien/n~~on-disposal undertaking/others) (e) Total (a+b+c+d)	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 730,06,275 equity shares carrying voting rights of the TC as set out in the NOTE below. (e) 730,06,275 equity shares carrying voting rights of the TC.	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 730,06,275 equity shares aggregating to approximately 26% of the paid- up equity share capital carrying voting rights of the TC as set out in the NOTE below. (e) 26% of the paid-up equity share capital	(a) NIL (b) NIL (c) NIL (d) Encumbrance over 730,06,275 equity shares aggregating to approximately 26% of the paid-up equity share capital carrying voting rights of the TC on a fully diluted basis as set out in the NOTE below.

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carrying voting (e) 26% of the paid-
rights of the TC. up equity share
capital carrying
voting rights of the
TC on a fully
diluted basis.
Mode of disposal acquisition / (e.g. open Encumbrance over 98,05,900 equity shares of TC.
market / off-market / public issue / rights
issue / preferential allotment / inter-se
transfer etc).
Salient features of the securities acquired Not Applicable.
including time till redemption, ratio at
which it can be converted into equity
shares, etc.
Date of acquisition of/ date of receipt of Date of creation of encumbrance: 22 December 2025.
intimation of allotment of shares / VR/
warrants/convertible securities/any other
instrument that entitles the acquirer to
receive shares in the TC.
Equity share capital / total voting capital of INR 2,45,90,87,500 comprising 245908750 equity shares of INR
the TC before the said acquisition / 10 each (as per the shareholding pattern for period ended 20
November 2025 published on the stock exchanges).
Equity share capital/ total voting capital of INR 2,45,90,87,500 comprising 245908750 equity shares of
the TC after the said acquisition INR 10 each (as per the shareholding pattern for period ended
20 November 2025 published on the stock exchanges).
Total diluted share/voting capital of the TC INR 2,55,57,93,490 comprising 255579349 equity shares of INR
after the said acquisition / 10 each (as per the shareholding pattern for period ended 20
November 2025 published on the stock exchanges).
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For and on behalf of Catalyst Trusteeship Limited

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Name: Deesha Srikkanth Designation: Senior Vice President Place: Mumbai Date: 20[th] January 2026

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shall include any assigns, novates and transferees thereof). Any breach of the terms of the Relevant Undertaking will be an event of default under the terms of the Relevant Working Capital Facility.

For and on behalf of Catalyst Trusteeship Limited

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Name: Deesha Srikkanth Designation: Senior Vice President Place: Mumbai Date: 20[th] January 2026

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