Saraswati Commercial India Ltd — Important, 31-10-2025: Company Update

Saraswati Commercial (India) Limited has completed the balance 75% payment of Rs. 20.05 Cr towards 7,00,000 fully convertible warrants in Tilaknagar Industries Limited. The total acquisition cost for these warrants is Rs. 26.74 Cr. This payment will facilitate the conversion of these warrants into equity shares, giving Saraswati Commercial an approximate 0.27% stake in Tilaknagar Industries. As an NBFC, this investment aligns with the company's core business of investing in shares and securities. The conversion into equity shares is expected by November 30, 2025.