Integrated Filing — IndAS



General information about company

Scrip Code 507205
NSE Symbol TI
MSEI Symbol NOTLISTED
ISIN INE133E01013
Name of company TILAKNAGAR INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 30-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Manufacturung and Sale of IMFL
Start date and time of board meeting 30-10-2026   14:15:00
End date and time of board meeting 30-10-2026   16:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 29-05-2025
Indicate Company website link for updated RPT policy of the Company https://tilind.com/codes-and-policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 4,68,993.27 4,68,993.27
Other income 747.14 747.14
Total income 4,69,740.41 4,69,740.41
2 Expenses
(a) Cost of materials consumed 1,21,129.08 1,21,129.08
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,651.71) (1,651.71)
(d) Employee benefit expense 9,106.13 9,106.13
(e) Finance costs 13,564.84 13,564.84
(f) Depreciation, depletion and amortisation expense 9,058.50 9,058.50
(f) Other Expenses
1 Excise Duty 2,60,865.66 2,60,865.66
2 Other Expenses 47,913.28 47,913.28
Total other expenses 3,08,778.94 3,08,778.94
Total expenses 4,59,985.78 4,59,985.78
3 Total profit before exceptional items and tax 9,754.63 9,754.63
4 Exceptional items (4,106.54) (4,106.54)
5 Total profit before tax 5,648.09 5,648.09
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,648.09 5,648.09
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 5,648.09 5,648.09
17 Other comprehensive income net of taxes (186.85) (186.85)
18 Total Comprehensive Income for the period 5,461.24 5,461.24
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 24,789.79 24,789.79
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.28 2.28
Diluted earnings (loss) per share from continuing operations 2.28 2.28
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.28 2.28
Diluted earnings (loss) per share from continuing and discontinued operations 2.28 2.28
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Sr No Particulars 1 The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on October 30, 2026. The Statutory Auditors have expressed qualified conclusion. 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 there is no other separate segment. 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 includes : a) For the period ended September 30, 2026: During the quarter ended September 30, 2026, the Company continues to incur non-recurring expenses in connection with the integration of the Imperial Blue business division acquired from Pernod Ricard India Private Limited (PRI). These expenses primarily comprise post-acquisition integration costs and transition and implementation costs. Accordingly, such expenses results amounting to Rs.1,094.62 lacs for the quarter ended September 30, Rs. 3,011.92 lacs for the quarter ended June 30, 2026 and Rs. 4,106.54 lacs for the period ended September 30, 2026 have been disclosed as Exceptional Items in the financial results, as they are not expected to recur in the ordinary course of business. b) For the year ended March 31, 2026: i) Acquisition of Imperial Blue Business Division from Pernord Ricard India Private Limited During the quarter ended December 31, 2025, the Company had completed the acquisition of the Imperial Blue business division (“IB”) from PRI pursuant to a Business Transfer Agreement executed on July 23, 2025, through a slump sale on a going concern basis. The transaction was completed for a lump-sum cash consideration of Rs. 3,442 crores, subject to post-closing adjustments in accordance with the terms of the Business Transfer Agreement. In addition, a deferred consideration of EUR 28 million (approximately Rs. 290 crores) is payable after four years from the date of closure of the transaction. The Competition Commission of India (CCI) approved the transaction on October 07, 2025, and the acquisition was completed on December 01, 2025. Pursuant to the acquisition, the Company has acquired the Imperial Blue brand and allied trademarks, including Imperial Black and Imperial Red, along with associated intellectual property. The Company has entered into a Trademark License Agreement for use of the “Seagram’s” trademark for a defined transition period, a long-term supply agreement for Concentrated Alcoholic Beverage (CAB), and a Transitional Services and Manufacturing Agreement (TSMA) with PRI to facilitate a smooth transition. The manufacturing footprint includes two owned units in Punjab and Maharashtra and two exclusive sub-leased units in Telangana and Punjab, along with access to shared units during the TSMA period. The Company has accounted for this acquisition in accordance with Ind AS 103 - Business Combination. The deferred consideration has been recognised at its fair value as at the acquisition date. Acquisition-related expenses, being non-recurring in nature, have been disclosed under “Exceptional Items” in the standalone financial results amounting to Rs. 5,064.66 lacs for the quarter ended March 31, 2026 and Rs. 2,2006.72 lacs for the year ended March 31, 2026. ii) Gratuity On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively new Labour Codes) - consolidating 29 existing labour laws. In accordance with the new Labour Codes, the Company has currently estimated the incremental impact on retiral benefits to be Rs 1,189.83 lacs for the year ended March 31, 2026. Considering material, regulatory-driven and non-recurring nature of this impact, this has been presented under Exceptional Items in the financial results. The Company continues to monitor developments on the Rules to be notified by regulatory authorities, including clarifications/additional guidance from authorities and will continue to assess the accounting implications, basis such developments/guidance. 6 The Revenue from Operations includes Rs 191.3 lacs for the quarter ended September 30, 2026, Rs 2046.47 lacs for the quarter ended June 30, 2026, NIL for the quarter ended September 30, 2025, Rs 2,237.77 lacs for the period ended September 30, 2026, Rs 3,862.27 lacs for the period ended September 30, 2025 and Rs 6,692.44 lacs for the year ended March 31, 2026, received as partial Subsidy from Government of Maharashtra under Package Scheme of Incentives, 2007, relating to past investments. 7 The Income Tax Department conducted a search operation under section 132 of the Income Tax Act,1961 on 2nd February’24 at the premises of the Company and key persons. The Deputy Commissioner of Income tax (DCIT) has reassessed the income pursuant to the search and has passed the assessment orders from AY 2016-17 to AY 2024-25. Certain additions/disallowances were made to the returned income of the company against which the company had filed an appeal before the Commissioner of Income-tax (Appeals) – CIT(A). Subsequently, an order under section 250 of the Act was passed by the Hon’ble CIT (A) wherein a partial relief was granted. Based on the Company’s risk-assessment process and applicable laws, there is no material impact on the financial position, operation, or other activities of the Company. The company has filed an appeal before the Tribunal against the above CIT(A) orders and expects a favorable outcome. 8 During the quarter ended September 2026, the Company continued to strengthen its investment in Round the Cocktails Private Limited (“RTCP”), makers of premium craft spirits under the brand Bartisans. Pursuant to the First Supplementary Agreement dated June 26, 2026, to the original Share Subscription Agreement, Shareholders’ Agreement and Share Purchase Agreement, all dated September 19, 2024, the Company has made a further investment of Rs 200.00 lacs by subscribing to 1,569 Compulsorily Convertible Preference Shares (“CCPS”) of RTCP at a price of Rs 12,752 per share. The aforesaid investment was disbursed on July 07, 2026. The investment is aligned with the Company’s strategy to expand its presence in the premium craft spirits segment and strengthen its portfolio through strategic investments in emerging beverage businesses. Post completion of the aforementioned investments, the Company’s shareholding in RTCP stands increased to 41.45% on a fully diluted basis. The Company has accordingly accounted for its share of losses from RTCP of Rs. 11.60 lacs in the financial results for the half year ended September 30, 2026. 9 During the quarter ended September 2026, the Company completed the first tranche of its investment in Black Tiger Distilleries Private Limited (“BTD”), an Indian spirits company engaged in the business of tequila and agave spirits through its brand Bodega Suprema No. 5. Pursuant to the Share Subscription Agreement dated September 02, 2026, the Company invested Rs 599.99 lacs by subscribing to 14,628 Compulsorily Convertible Preference Shares (“CCPS”) and 100 equity shares of BTD. Pursuant to the allotment of these securities on September 15, 2026, the Company's shareholding in BTD stands at approximately 12.5% on a fully diluted basis. The investment is aligned with the Company's strategy to expand its presence in the tequila and agave spirits segment and thus strengthen its portfolio. 10 The Board of Directors of the Company “Transferee Company” at their Board Meeting held on May 29, 2026, approved the Composite Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with relevant rules and regulations. The Scheme, inter alia, provides for amalgamation of two wholly-owned subsidiaries of the Company, viz. (i) Punjabexpo Breweries Private Limited; (ii) Vahni Distilleries Private Limited; collectively referred to as the “Transferor Companies” and individually referred to as the “Transferor Company” with and into the transferee company. The appointed date for the Scheme is proposed to be 1 April 2026 or such other date as may be approved by the Hon’ble National Company Law Tribunal(s) for the purposes of the Scheme. The Scheme shall be subject to necessary approvals by the Shareholders, Creditors, Jurisdictional Bench of National Company Law Tribunal (“NCLT”) and other statutory and regulatory authorities, as may be required. 11 The previous period figures have been regrouped and reclassified wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 46,361.23
Capital work-in-progress 1,612.65
Investment property 546.54
Goodwill 9,496.55
Other intangible assets 3,10,799.82
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 7,138.42
Trade receivables, non-current 0.00
Loans, non-current 2.50
Other non-current financial assets
1 Other non-current financial assets 6,515.39
Total of other non-current financial assets 6,515.39
Total non-current financial assets 13,656.31
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 4,178.33
Total of other non-current assets 4,178.33
Total non-current assets 3,86,651.43
2 Current assets
Inventories 53,063.04
Current financial asset
Current investments 1.38
Trade receivables, current 1,55,511.43
Cash and cash equivalents 7,153.80
Bank balance other than cash and cash equivalents 4,492.72
Loans, current 5,775.49
Other current financial assets
Total of other current financial assets 2,051.10
Total current financial assets 1,74,985.92
Current tax assets (net) 1,002.13
Other current assets
1 Other current assets 12,395.52
Total of other current assets 12,395.52
Total current assets 2,41,446.61
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 6,28,098.04
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 24,789.79
Other equity 2,79,304.14
Total equity attributable to owners of parent 3,04,093.93
Non controlling interest
Total equity 3,04,093.93
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2,03,475.21
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 336.79
2 Other Financial Liabilities 25,651.11
Total of other non-current financial liabilities 25,987.90
Total non-current financial liabilities 2,29,463.11
Provisions, non-current 1,453.44
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 2,30,916.55
Current liabilities
Current financial liabilities
Borrowings, current 16,587.62
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 9,084.77
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 33,730.03
Total Trade payable 42,814.80
Other current financial liabilities
1 Other current financial liabilities 12,798.61
2 Lease Liabilities 255.13
Total of other current financial liabilities 13,053.74
Total current financial liabilities 72,456.16
Other current liabilities 12,353.38
1 Other current liabilities 12,353.38
Total of other current liabilities 12,353.38
Provisions, current 8,278.02
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 93,087.56
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3,24,004.11
Total equity and liabilites 6,28,098.04
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Total Comprehensive Income (186.85) (186.85)
Total Amount of items that will not be reclassified to profit and loss (186.85)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (186.85) (186.85)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 13,564.85
Adjustments for decrease (increase) in inventories (12,998.69)
Adjustments for decrease (increase) in trade receivables, current (28,330.11)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (2,759.64)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 13,352.62
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 9,058.49
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 367.76
Adjustments for share-based payments 179.24
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 1,790.26
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (6,510.74)
Net cash flows from (used in) operations (862.65)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 160.37
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,023.02)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 800.08
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 480.73
Proceeds from sales of investment property 54.66
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 2.17
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 367.76
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 9,544.56
Net cash flows from (used in) investing activities 8,684.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 758.39
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 42,039.50
Repayments of borrowings 52,830.77
Payments of lease liabilities 151.11
Dividends paid 0.89
Interest paid 12,060.24
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (22,245.12)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (14,584.14)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (14,584.14)
Cash and cash equivalents cash flow statement at beginning of period 21,737.94
Cash and cash equivalents cash flow statement at end of period 7,153.80





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 20-09-2025
Amount Raised 2,29,563.00
Report filed for Quarter ended 30-09-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Crisil Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review false
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Acquisition of 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. No deviation from original object 1,30,000.00 1,30,000.00 1,29,678.00 0.00
2 Working Capital No deviation from original object 50,000.00 50,000.00 49,949.00 0.00
3 For general corporate purposes No deviation from original object 49,563.00 49,563.00 29,680.00 0.00


Signatory Details

Name of signatory Minuzeer Bamboat
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 30-10-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Tilaknagar Industries Ltd Amit Dahanukar Chairman and Managing Director Remuneration 250.09 Approved 250.09 0.00 0.00
2 Tilaknagar Industries Ltd Shivani Amit Dahanukar Executive Director Remuneration 146.11 Approved 146.11 0.00 0.00
3 Tilaknagar Industries Ltd C R Ramesh Whole Time Director Remuneration 35.75 Approved 35.75 0.00 0.00
4 Tilaknagar Industries Ltd C R Ramesh Whole Time Director Any other transaction ESOP Perquisites 91.13 Approved 91.13 0.00 0.00
5 Tilaknagar Industries Ltd Minuzeer Bamboat Company Secretary Remuneration 72.96 Approved 72.96 0.00 0.00
6 Tilaknagar Industries Ltd Minuzeer Bamboat Any other transaction Any other transaction ESOP Perquisites 231.17 Approved 231.17 0.00 0.00
7 Tilaknagar Industries Ltd Rajesh Choudhary Chief Financial Officer Remuneration 132.07 Approved 132.07 0.00 0.00
8 Tilaknagar Industries Ltd Rajesh Choudhary Chief Financial Officer Any other transaction Rent Expenses 9.30 Approved 9.30 0.00 0.00
9 Tilaknagar Industries Ltd Amit Dahanukar Chairman and Managing Director Any other transaction Rent Expenses 9.71 Approved 9.71 0.00 0.00
10 Tilaknagar Industries Ltd Dr. Priyadarshini A. Dahanukar Relative of Key Managerial Personnel Any other transaction Rent Expenses 25.69 Approved 25.69 0.00 0.00
11 Tilaknagar Industries Ltd Anupama Dahanukar Relative of Key Managerial Personnel Any other transaction Rent Expenses 5.89 Approved 5.89 0.00 0.00
12 Tilaknagar Industries Ltd Sanaya Amit Dahanukar Relative of Key Managerial Personnel Remuneration 20.32 Approved 20.32 0.00 0.00
13 Tilaknagar Industries Ltd Swapna Shah Non Executive Director Any other transaction Consultancy Charges 9.00 Approved 9.00 0.00 0.00
14 Tilaknagar Industries Ltd Kishore Kumar Mathre Independent Director Any other transaction Directors Sitting Fees 1.50 Approved 1.50 0.00 0.00
15 Tilaknagar Industries Ltd Maj Gen. Dilawar Singh (Retd.) Independent Director Any other transaction Directors Sitting Fees 3.00 Approved 3.00 0.00 0.00
16 Tilaknagar Industries Ltd Satish Chand Mathur Independent Director Any other transaction Directors Sitting Fees 1.00 Approved 1.00 0.00 0.00
17 Tilaknagar Industries Ltd Swapna Shah Non Executive Director Any other transaction Directors Sitting Fees 2.75 Approved 2.75 0.00 0.00
18 Tilaknagar Industries Ltd Aparna Chaturvedi Independent Director Any other transaction Directors Sitting Fees 1.50 Approved 1.50 0.00 0.00
19 Tilaknagar Industries Ltd C R Ramesh Whole Time Director Any other transaction Directors Sitting Fees 1.00 Approved 1.00 0.00 0.00
20 Tilaknagar Industries Ltd Bhumika Batra Independent Director Any other transaction Directors Sitting Fees 0.50 Approved 0.50 0.00 0.00
21 Tilaknagar Industries Ltd Shrimati Malati Dahanukar Trust Company in which Key Managerial Personnel has substantial interest Any other transaction Corporate Social Resposibility Expenses 24.00 Approved 24.00 0.00 0.00
22 Tilaknagar Industries Ltd Prag Distilleries Pvt. Ltd. Subsidiary Company Any other transaction Contract manufacturing expenses 794.95 Approved 794.95 0.00 0.00
23 Tilaknagar Industries Ltd Vahni Distilleries Private Limited Subsidiary Company Any other transaction Contract manufacturing expenses 465.97 Approved 465.97 0.00 0.00
24 Tilaknagar Industries Ltd PunjabExpo Breweries Pvt Ltd Subsidiary Company Any other transaction Contract manufacturing expenses 139.39 Approved 139.39 0.00 0.00
25 Tilaknagar Industries Ltd Vahni Distilleries Private Limited Any other transaction Interest received 19.30 Approved 19.30 0.00 0.00
26 Tilaknagar Industries Ltd Prag Distilleries Pvt. Ltd. Subsidiary Company Interest received 202.19 Approved 202.19 0.00 0.00
27 Tilaknagar Industries Ltd Vahni Distilleries Private Limited Subsidiary Company Any other transaction Lease rent income 3.75 Approved 3.75 0.00 0.00
28 Tilaknagar Industries Ltd Round the Cocktails Pvt Ltd Any other transaction Investment 200.08 Approved 200.08 0.00 0.00
29 Tilaknagar Industries Ltd Spacemen Spirits Pvt Ltd Associated Company Any other transaction Royalty Expenses 18.63 Approved 18.63 0.00 0.00
30 Tilaknagar Industries Ltd PunjabExpo Breweries Pvt Ltd Subsidiary Company Any other transaction Contarct manufacturing expenses payable 0.00 Approved (46.82) (43.77) (90.59) Textual Information(1)
31 Tilaknagar Industries Ltd Vahni Distilleries Private Limited Subsidiary Company Any other transaction Lease rent receivable 0.00 Approved (2.03) 2.03 0.00 Textual Information(2)
32 Tilaknagar Industries Ltd Prag Distilleries Pvt. Ltd. Subsidiary Company Loan 0.00 Approved 196.62 5,042.73 5,239.35 Loan 7.9700 Repayable on demand Unsecured Loan given to meet the expenses of Subsidiary company Textual Information(3)
33 Tilaknagar Industries Ltd Vahni Distilleries Private Limited Subsidiary Company Loan 0.00 Approved (87.27) 569.51 482.00 Loan 7.9700 Repayable on demand Unsecured Loan given to meet the expenses of Subsidiary company Textual Information(4)
34 Tilaknagar Industries Ltd Shiprabha Sugars Ltd Subsidiary Company Loan 0.00 Approved 0.09 48.63 48.72 Loan 0 Repayable on demand Unsecured Loan given to meet the expenses of Subsidiary company Textual Information(5)
35 Tilaknagar Industries Ltd Grape & Grain Works Pvt Ltd Subsidiary Company Loan 0.00 Approved 0.02 1.00 1.02 Loan 0 Repayable on demand Unsecured Loan given to meet the expenses of Subsidiary company Textual Information(6)
36 Tilaknagar Industries Ltd Jenamejayan Kamalam Shivan Independent Director Any other transaction Directors Sitting Fees 2.25 Approved 2.25 0.00 0.00
37 Tilaknagar Industries Ltd Amit Dahanukar Chairman and Managing Director Any other transaction Rent Deposit 0.00 Approved 0.00 800.00 800.00
38 Tilaknagar Industries Ltd Dr. Priyadarshini A. Dahanukar Relative of Key Managerial Personnel Any other transaction Rent Deposit 0.00 Approved 0.00 203.66 203.66
39 Tilaknagar Industries Ltd M.L.Dahanukar & Co. Pvt. Ltd. Company in which Key Managerial Personnel has substantial interest Any other transaction Rent Deposit 0.00 Approved 0.00 15.00 15.00
40 Tilaknagar Industries Ltd PunjabExpo Breweries Pvt Ltd Subsidiary Company Purchase of goods or services 31.25 Approved 31.25 0.00 0.00
41 Tilaknagar Industries Ltd PunjabExpo Breweries Pvt Ltd Subsidiary Company Sale of goods or services 6.35 Approved 6.35 0.00 0.00
Total value of transaction during the reporting period 3,019.16



Text Block

Textual Information(1) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for paid and n and negative sign for recived from the parties.
Textual Information(2) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for paid and n and negative sign for recived from the parties.
Textual Information(3) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for net further loans given and negative sign for loans repaid by the parties.
Textual Information(4) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for net further loans given and negative sign for loans repaid by the parties.
Textual Information(5) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for net further loans given and negative sign for loans repaid by the parties.
Textual Information(6) The net transactions movment between the opening and closing balances are reflected in transactions column as positive sign for net further loans given and negative sign for loans repaid by the parties.