Tilaknagar Industries Limited — Others, 29-07-2025: Shareholders meeting

Tilaknagar Industries has announced an Extraordinary General Meeting to seek shareholder approval for a substantial fundraise. The company plans to increase its authorized share capital from Rs. 226.05 Cr to Rs. 310 Cr, facilitating future issuances. It proposes to raise approximately Rs. 549.32 Cr by issuing new equity shares and Rs. 1,746.31 Cr through convertible warrants to both non-promoter and promoter categories. The total proceeds of around Rs. 2,295.63 Cr are primarily earmarked for the acquisition of Imperial Blue Brands (Rs. 1,300 Cr), bolstering working capital (Rs. 500 Cr), and general corporate purposes (Rs. 495.63 Cr). This strategic capital infusion aims to support significant business growth.