Saraswati Commercial (India) Limited , a non-banking financial company (NBFC) specializing in investment activities, has recently made significant moves to expand its investment portfolio. The company has completed a substantial investment in Precision Wires India Limited and announced plans for another strategic investment in Tilaknagar Industries Limited.

Precision Wires India Investment

Saraswati Commercial has successfully acquired 10,00,000 equity shares and 20,00,000 convertible warrants in Precision Wires India Limited through a preferential issue. The company invested Rs 15.10 crore for the equity shares at Rs 151 per share and made an initial payment of Rs 7.55 crore, representing 25% of the total warrant value.

Key details of the transaction include:

Post-acquisition, Saraswati Commercial now holds 1.78% of Precision Wires' diluted share capital. This investment aligns with the company's strategy as a financial investor in its normal course of business.

Precision Wires India, established in 1989, is a manufacturer of copper winding wires and conductors for electrical industries. The company reported a turnover of Rs 4,014.83 crore for the fiscal year ending March 31.

Planned Investment in Tilaknagar Industries

In a separate development, Saraswati Commercial has agreed to invest in the preferential issue of convertible warrants of Tilaknagar Industries Limited. The details of this proposed investment are as follows:

Each warrant is convertible into one equity share of Tilaknagar Industries. Saraswati Commercial will pay 25% of the warrant price upon allotment, with the remaining 75% due at the time of conversion into equity shares.

Tilaknagar Industries, incorporated in 1933, is primarily engaged in the manufacturing and sale of Indian Made Foreign Liquor (IMFL). The company boasts a diverse portfolio of brands across various liquor categories, including brandy, whisky, vodka, gin, and rum. Tilaknagar Industries reported a turnover of Rs 3,174.61 crore for the fiscal year.

Conclusion

These strategic investments by Saraswati Commercial demonstrate the company's commitment to diversifying its investment portfolio across different sectors of the Indian economy. As an NBFC focused on investment activities, these moves are in line with its core business strategy and aim to capitalize on growth opportunities in the manufacturing and spirits industries.

Saraswati Commercial (India) Limited , a Non-Banking Financial Company (NBFC), has announced a significant investment in Tilaknagar Industries Limited, a major player in the Indian Made Foreign Liquor (IMFL) sector. The investment, totaling Rs 267.4 crore, comes in the form of convertible warrants, marking a strategic financial move for both companies.

Investment Details

Saraswati Commercial has agreed to invest in 700,000 convertible warrants of Tilaknagar Industries at a price of Rs 382.00 per warrant. Each warrant is convertible into one equity share of Tilaknagar Industries, with a conversion period of 18 months from the date of allotment.

Financial Structure

The investment structure is as follows:

Tilaknagar Industries Overview

Tilaknagar Industries Limited, the target of this investment, is a well-established company in the breweries and distilleries sector. Key financial highlights of the company include:

The company has shown consistent growth in recent years, with turnover increasing from Rs 2,469.28 crore in FY 2022-23 to Rs 3,174.61 crore in FY 2024-25.

Strategic Implications

For Saraswati Commercial, this investment aligns with its core business as an NBFC engaged in investment activities. The company is making this investment as a financial investor in its normal course of business.

Tilaknagar Industries' board approved this preferential issue on July 29, 2025. The move is expected to strengthen Tilaknagar's financial position and potentially support its growth initiatives in the IMFL sector.

Regulatory Compliance

The investment exceeds the threshold specified in Regulation 30(4)(i)(c)(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires disclosure for investments exceeding 2% of the net worth as per the last audited consolidated financial statements.

Next Steps

Tilaknagar Industries will seek approval from shareholders and stock exchanges for the preferential issue of shares and convertible warrants. Upon receiving the necessary approvals, Saraswati Commercial will make the initial 25% payment, with the remaining 75% due at the time of converting the warrants into equity shares.

This strategic investment underscores the potential that financial investors see in India's growing IMFL sector and highlights Tilaknagar Industries' strong market position and growth prospects.