Tilaknagar Industries Limited has achieved significant recognition at FinanceAsia's prestigious Asia's Best Companies 2026 awards, securing dual medals that underscore the company's strong performance and industry leadership. The leading Indian-Made Foreign Liquor manufacturer has been acknowledged for its excellence in management practices and sustained operational performance.

Award Recognition and Rankings

The company secured notable positions in two key categories at the FinanceAsia awards:

Tilaknagar Industries is recognized alongside leading corporates including Reliance Industries Ltd and Tata Steel Ltd. In the consumer staples category, the company ranks among top performers including Tata Consumer Products Ltd and Patanjali Foods Ltd.

Brand Portfolio Performance

Tilaknagar Industries is home to two of India's most iconic brandy brands, both achieving remarkable market positions:

Mansion House Brandy

According to 'The Millionaires' Club 2025' published by Drinks International, Mansion House achieved significant milestones:

• Ranked as India's largest-selling brandy
• Second largest-selling brandy globally in 2024
• Surpassed 10.00 million cases in annual sales during FY26

Courrier Napoleon Brandy

The brand has garnered global recognition as the third fastest-growing brandy in the world in 2024, as per the same Drinks International report.

Strategic Acquisition

Tilaknagar Industries recently acquired Imperial Blue whisky from Pernod Ricard India Private Limited, significantly expanding its portfolio:

Corporate Social Responsibility

The company has adopted a triple bottom line approach focusing on People, Planet and Profit. Tilaknagar Industries has embraced the United Nations Millennium Development Goals and directs efforts towards:

• Poverty Reduction
• Health initiatives
• Education programs
• Environment Conservation

These initiatives are implemented through Shrimati Malati Dahanukar Trust.

About FinanceAsia Awards

The Asia's Best Companies awards organized by FinanceAsia are regarded as a highly recommended benchmark of corporate excellence in Asia. The annual rankings are determined through nominations and voting by influential investors and financial analysts, who identify publicly listed companies demonstrating strong performance and sector leadership.

Company Background

Tilaknagar Industries is one of India's leading alcoholic beverage companies with a rich 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 India Made Foreign Liquor industry. Under the leadership of Shri Amit Dahanukar, the company has strengthened its leadership across categories with brands including Mansion House Brandy, Imperial Blue Whisky, Courrier Napoleon Brandy, 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.

Tilaknagar Industries Ltd has announced receiving substantial tax relief from the Commissioner of Income Tax (Appeals), marking a significant development in the company's ongoing tax proceedings. The beverage manufacturer disclosed this information to stock exchanges on March 31, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Relief Details

The Commissioner of Income Tax (Appeals) has granted partial relief aggregating to approximately ₹169 crores to the company for assessment years spanning from 2016-17 to 2024-25. This relief represents a reduction in the additions previously made by the Assessing Officer under sections 143(3) and 147 of the Income Tax Act, 1961.

Background of Tax Proceedings

The tax matter originated from search and survey proceedings conducted by the Income Tax Department. Following these proceedings, the Assessing Officer had passed Assessment Orders making various additions and disallowances during the specified assessment years. In response to these orders, Tilaknagar Industries filed appeals before the Commissioner of Income Tax (Appeals).

The company made timely submissions of required documents throughout the hearing process for all the assessment years from 2016-17 to 2024-25. After reviewing both the Assessment Orders and the company's submissions, the Commissioner granted the partial relief.

Financial Impact Assessment

According to the company's disclosure, the tax relief will not have a material impact on its financial position or operations. The management stated that based on their risk-assessment process and applicable laws, there is no significant effect on the company's financial standing or other business activities.

The company has indicated that it will review the CIT(A) Orders comprehensively and take further course of action as deemed appropriate. This suggests a measured approach to evaluating the implications of the orders and determining any additional steps that may be necessary.

Regulatory Compliance

This disclosure follows the company's earlier communication dated March 29, 2025, indicating ongoing compliance with regulatory requirements regarding material developments. The announcement fulfills the mandatory disclosure requirements under sub-para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The relief of approximately ₹169 crores represents a significant positive development for Tilaknagar Industries, potentially improving its financial flexibility while resolving long-standing tax matters spanning nearly a decade of assessment years.