Tilaknagar Industries Limited — Important, 29-07-2025: General Updates

Tilaknagar Industries' Board has approved a substantial capital raise, pending EGM approval on August 20. The company will issue 1.438 Cr equity shares for ~₹549.32 Cr and 4.5715 Cr convertible warrants for ~₹1,746.31 Cr, collectively raising over ₹2,295 Cr. This infusion aims to fuel operational expansion. Additionally, the authorized share capital will be boosted to ₹310 Cr from ₹226.05 Cr. A ₹34 Cr financial aid is also planned for its subsidiary, Prag Distillery's expansion. This strategic move signals growth intent and strengthens the balance sheet.