With reference to the news flashed on Business Standard dated September 21, 2015 - ‘Dahanukars of Tilaknagar Industries may issue preferential shares to Allied Blenders Kishore Chhabria -Deal could cost Kishore Chhabria Rs 250-400 crore’, Tilaknagar Industries has clarified that the nature of TIs business, sector dynamics and to make business progress, the Company is exploring various types of business associations, tie-ups, relationships etc. across players in the domestic and international markets including party referred to in the above mentioned news item. These discussions are at very preliminary stage and may or may not fructify and should there be any material development as specified under Clause 36 of the Listing Agreement requiring us by law to make any formal statement in any manner in connection with any such activity that may transpire, the Company will comply, share and make the announcements at the appropriate time in line with the best practices disclosure guidelines.
The above information is a part of company’s filings submitted to BSE.
