Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, Tilaknagar Industries has informed that Settlement agreement has been entered and executed between Tilaknagar Industries (Corporate Guarantor in agreements between Prag Distillery (a wholly owned subsidiary of Tilaknagar Industries) & Standard Chartered Bank) & Amit Dahanukar (Personal Guarantor in agreements between Prag Distillery & Standard Chartered Bank) on one part AND Standard Chartered Bank on the other part. Details in accordance with Para A of Part A of Schedule III read with Regulation 30(2) of the SEBI (LODR) Regulations, 2015 are enclosed.
The above information is a part of company’s filings submitted to BSE.
