Tilaknagar Industries has scheduled a board meeting for Friday, May 29, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The meeting will also deliberate on recommending a dividend, if any, on equity shares for the financial year ended March 31, 2026. The outcome of this meeting will determine the company's final financial performance for FY26 and potential shareholder returns.

In compliance with Regulation 29 (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the stock exchanges regarding the board meeting agenda. The board will review both standalone and consolidated financial results during the session.

Pursuant to the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the company's equity shares has been closed since Wednesday, April 01, 2026. This restriction applies to all designated employees and their immediate relatives. The window will reopen 48 hours after the financial results are declared to the stock exchanges.

Key Meeting Details

Tilaknagar Industries has announced a significant capacity expansion at its wholly-owned subsidiary, Prag Distillery (P) Ltd, following government approval to commence production at an increased capacity in Andhra Pradesh. The development marks a major milestone in the company's regional manufacturing strategy, with the expanded facility positioned to address a substantial share of its volume needs in the state.

Sixfold Capacity Expansion at Prag Distillery

The Andhra Pradesh Government has granted the requisite approvals for Prag Distillery to commence production at its expanded facility with immediate effect. The bottling capacity at Prag will increase from 6 lakh cases per annum to 36 lakh cases per annum, marking a six-fold increase. The Board of Directors of Tilaknagar Industries had previously approved an investment of INR 59 crore, including licence fees and interest payments of nearly INR 34 crore, for this expansion. The company has since concluded the capital expenditure to expand the capacity and the associated infrastructure at Prag. The enhanced capacity is expected to meet nearly 50% of Tilaknagar Industries' volume requirements in Andhra Pradesh.

The key parameters of the expansion are summarised below:

Strategic Significance and Market Context

Andhra Pradesh has emerged as a 40-million case market in FY26, growing at 15% annually, making it one of the fastest-growing states for the Indian-Made Foreign Liquor (IMFL) industry. For Tilaknagar Industries, the state is one of the largest contributing markets in terms of volumes and profitability. Commenting on the development, Ameya Deshpande, Chief Strategy Officer, Tilaknagar Industries, stated, "This capacity expansion will strengthen Tilaknagar Industries' owned unit footprint and secure supplies for our flagship brands in Andhra Pradesh, which is one of the fastest growing states for the IMFL industry."

Mr. Deshpande further noted that following the recent acquisition of Imperial Blue Whisky, supported by market-leading brands like Mansion House and Courrier Napoleon Brandy, Tilaknagar Industries has become the largest player in the Prestige & Above segment in Andhra Pradesh. He added that the expansion will enable the company to realise meaningful cost efficiencies and improved margins, leading to enhanced profitability.

About Tilaknagar Industries

Tilaknagar Industries is one of India's leading alcoholic beverage companies, with a legacy spanning over 90 years. Founded in 1933 by Shri Mahadev L. Dahanukar as Maharashtra Sugar Mills, the company has transformed into a major player in the IMFL industry. Under the leadership of Shri Amit Dahanukar, the company has strengthened its portfolio with 'Millionaire' brands including Mansion House Brandy, Imperial Blue Whisky, and Courrier Napoleon Brandy, along with a presence in Rum and Gin through Madiraa Rum and Blue Lagoon Gin. The company's luxury vertical, 'House of TI', is anchored by Monarch Legacy Edition and Seven Islands Pure Malt Whisky, and also includes an investment arm supporting India's emerging craft spirits players.