Saraswati Commercial India Ltd — Important, 20-11-2025: Company Update

Saraswati Commercial (India) Limited has completed its acquisition of equity shares in Tilaknagar Industries Limited. The company paid the remaining Rs. 20.055 crore consideration for convertible warrants, resulting in the allotment of 7 lakh equity shares. This increases Saraswati Commercial's stake to approximately 0.27% of Tilaknagar Industries' diluted share capital. The total acquisition cost was Rs. 26.74 crore at Rs. 382 per share. As an NBFC, this investment aligns with Saraswati Commercial's business of investing in shares, reflecting strategic capital deployment in the breweries and distilleries sector.