GeeCee Ventures Completes ₹14.33 Crore Payment for Tilaknagar Industries Convertible Warrants
GeeCee Ventures has finalized its investment in Tilaknagar Industries Limited (TIL) by completing the balance payment of ₹14.33 crore for convertible warrants, bringing the total investment to ₹19.10 crore. The company acquired 5,00,000 convertible warrants at ₹382 per warrant, which will represent about 0.20% of TIL's total share capital upon conversion. TIL, known for its flagship Mansion House Brandy, reported a turnover of ₹3,174.62 crore and a profit after tax of ₹239.43 crore for FY 2024-25. The warrant conversion is expected to be completed by November 30, 2025.

*this image is generated using AI for illustrative purposes only.
GeeCee Ventures Limited has finalized its investment in Tilaknagar Industries Limited (TIL) by completing the balance payment for convertible warrants. This move marks a significant step in GeeCee's investment strategy and provides insight into the dynamics of the Indian Made Foreign Liquor (IMFL) market.
Investment Details
GeeCee Ventures has made the following payments towards the acquisition of convertible warrants in Tilaknagar Industries:
| Particulars | Amount (in Crores) | Percentage | 
|---|---|---|
| Initial Payment | ₹4.77 | 25% | 
| Balance Payment | ₹14.33 | 75% | 
| Total Investment | ₹19.10 | 100% | 
The company has acquired 5,00,000 convertible warrants at a price of ₹382 per warrant. Upon conversion, these warrants will represent approximately 0.20% of Tilaknagar Industries' total share capital.
Timeline and Conversion
- Balance Payment Date: October 31, 2025
- Expected Conversion Completion: By November 30, 2025
About Tilaknagar Industries Limited
Tilaknagar Industries, incorporated on July 29, 1933, is a well-established player in the IMFL sector. Here are some key financial highlights of TIL:
| Financial Metric | Value (in Crores) | 
|---|---|
| Authorized Capital | ₹310.00 | 
| Paid-Up Capital | ₹208.19 | 
| Turnover (FY 2024-25) | ₹3,174.62 | 
| Profit After Tax (FY 2024-25) | ₹239.43 | 
| Net Worth (as of 31.03.2025) | ₹882.25 | 
TIL is renowned for its flagship brand, Mansion House Brandy, which holds the position of India's largest-selling brandy. The company's product portfolio also includes whisky, rum, vodka, and gin under various labels.
Historical Performance
Tilaknagar Industries has shown consistent growth in turnover over the past three years:
| Financial Year | Turnover (in Crores) | 
|---|---|
| 2024-2025 | ₹3,174.62 | 
| 2023-2024 | ₹2,958.26 | 
| 2022-2023 | ₹2,469.23 | 
This investment by GeeCee Ventures into Tilaknagar Industries reflects a strategic move in the IMFL sector, which has been showing steady growth. The completion of this transaction may signal GeeCee's confidence in the future prospects of TIL and the broader alcoholic beverage market in India.
As the conversion of warrants is expected to be completed by November 30, 2025, market observers will be keen to see how this investment impacts both companies' future strategies and market positions.
Historical Stock Returns for GeeCee Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| +1.04% | +3.35% | -5.69% | -7.52% | -15.70% | +372.80% | 
































