Tilaknagar Industries Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

Tilaknagar Industries' board has approved a significant fundraising plan to fuel growth. The company will increase its authorized share capital from Rs 226.05 Cr to Rs 310 Cr. It plans a preferential issue of equity shares raising about Rs 549.32 Cr and convertible warrants raising approximately Rs 1,746.31 Cr, totaling around Rs 2,295.63 Cr. These funds will support the expansion of its wholly-owned subsidiary, Prag Distillery (P) Ltd, with an initial financial assistance of approximately Rs 34 Cr. An Extraordinary General Meeting will be held on August 20, 2025, for shareholder approval of these proposals.