Tilaknagar Industries has informed that the Finance Committee of the Board of Directors of the Company at its meeting held today, September 02, 2025, has inter alia considered and approved execution of : (a) a share subscription agreement dated September 02, 2026 with Black Tiger Distilleries Private Limited (BTD) and Mohnish Mehul Mehta (SSA); and amended and restated shareholders' agreement dated September 02, 2026 with BTD, Mr. Mohnish Mehul Mehta, Productos Finos de Agave, S.A. de C.V., Mansha Global Private Limited and Neospace Realty LLP (SHA). The SSA and SHA shall be collectively referred to as the (Transaction Documents). Under the SSA, TIL will subscribe to compulsory convertible preference shares (CCPS) and equity shares (Equity Shares) of BTD, representing 30.0% (thirty per cent) of the share capital of BTD on a fully diluted basis, for an aggregate consideration of INR 22,00,00,000/- (Indian Rupees Twenty-Two Crores only) in two tranches. BTD is a private limited company incorporated under the laws of India, engaged in the business of tequila and agave spirits.
The above information is a part of company’s filings submitted to BSE.
