Tilaknagar Industries Limited — Others, 13-08-2025: Corrigendum

Tilaknagar Industries has issued an update to its Extraordinary General Meeting notice, providing additional details on its proposed preferential issue. The company clarified the utilization of the INR 2,295.63 Cr proceeds: INR 1,300 Cr is earmarked for acquiring Pernod Ricard India's Imperial Blue Brands business, INR 500 Cr for working capital, and INR 495.63 Cr for general corporate purposes. The Chairman & Managing Director intends to subscribe to convertible warrants, reflecting confidence. This issue will adjust shareholding percentages, with the promoter stake slightly reducing, but control of the company remains unchanged.