Tilaknagar Industries has informed that the Finance Committee of the Company at its Meeting held on October 27, 2022, has considered and approved an investment not exceeding Rs 1 Crore in Incredible Spirits ('ISPL'). ISPL is presently developing a Ready-to-Drink (RTD) Alcoholic Shots drink- ‘Swigger’. The investment of Rs 1 Crore will be made in the Equity shares of ISPL. Post the investment in the Equity shares, Tilaknagar Industries ('TI') shall hold 19.50% in ISPL. The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 and Part A of Schedule III of the aforesaid regulations are enclosed as Annexure - 1.
The above information is a part of company’s filings submitted to BSE.
