GeeCee Ventures Limited has finalized its investment in Tilaknagar Industries Limited (TIL) by converting 5,00,000 warrants into equity shares. This move marks the completion of GeeCee Ventures' total investment of Rs 19.10 crores in the breweries and distilleries company.

Investment Details

GeeCee Ventures paid the remaining 75% of the warrant value, amounting to Rs 14.33 crores, to complete the conversion. This transaction gives GeeCee Ventures an approximate 0.20% stake in Tilaknagar Industries.

Financial Snapshot of Tilaknagar Industries

According to the latest available data, Tilaknagar Industries has shown strong financial performance:

About Tilaknagar Industries

Tilaknagar Industries, incorporated on July 29, 1933, is primarily engaged in the manufacturing and marketing of Indian Made Foreign Liquor (IMFL). The company is best known for its flagship brand, Mansion House Brandy, which is India's largest-selling brandy. TIL's product portfolio also includes whisky, rum, vodka, and gin under various labels.

Recent Financial Performance

TIL has shown consistent growth in its turnover over the past three years:

Investment Terms

GeeCee Ventures acquired the shares at a price of Rs 382 per warrant, resulting in a total investment of Rs 19.10 crores. The company had previously subscribed to 5,00,000 convertible warrants, which have now been fully converted into equity shares.

This strategic investment by GeeCee Ventures in Tilaknagar Industries reflects the company's confidence in TIL's business model and future prospects in the Indian alcoholic beverage market.

GeeCee Ventures Limited has reported a decline in its financial performance for the second quarter of the fiscal year. The company's consolidated net profit decreased to 102.00 million rupees, down from 125.00 million rupees in the same quarter last year.

Revenue Decline

The company's revenue also saw a significant decrease, falling to 177.00 million rupees compared to 292.00 million rupees in the corresponding quarter of the previous year. This represents a substantial drop of approximately 39% in revenue.

Financial Highlights

All figures in million rupees

Segment Performance

The company operates in two main segments: Real Estate and Financial Services. Both segments experienced challenges during the quarter:

1. Real Estate Segment: This segment showed a significant decline in revenue, which may have contributed to the overall revenue drop.

2. Financial Services Segment: While specific figures for this segment were not provided, it likely faced headwinds in the current economic environment.

Corporate Governance Update

In a separate development, the company's Board of Directors approved amendments to the "Code of Conduct for Prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information" at their meeting on November 11, 2025. This move demonstrates GeeCee Ventures' commitment to maintaining high standards of corporate governance and transparency.

The company's management did not provide specific reasons for the decline in performance or offer guidance for the upcoming quarters.