Saraswati Commercial (India) Reports Decline in Q2 Profit and Revenue

Saraswati Commercial (India) Ltd , a company listed on the Bombay Stock Exchange (BSE: 512020), has reported a decline in both profit and revenue for the second quarter. The company, which operates in the financial services sector, saw its consolidated net profit and revenue decrease compared to the same period last year.

Financial Performance

Metric	Q2 Current Year	Q2 Previous Year	Change
Net Profit	₹603.00	₹633.00	-4.74%
Revenue	₹733.00	₹783.00	-6.39%

The company's consolidated net profit for the quarter stood at ₹603.00 crore, down from ₹633.00 crore in the corresponding quarter of the previous year, marking a decrease of 4.74%. Similarly, the revenue for the quarter declined to ₹733.00 crore from ₹783.00 crore year-over-year, representing a 6.39% decrease.

Corporate Disclosure

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Saraswati Commercial (India) Ltd held a board meeting on November 12, 2025, to approve the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The meeting, which commenced at 4:00 p.m. and concluded at 4:45 p.m., also included a review of the Limited Review Report from the company's statutory auditors.

Transparency and Compliance

The company has stated that the detailed financial results will be published in newspapers and made available on the BSE website ( www.bseindia.com ) as well as on the company's official website ( www.saraswaticommercial.com ). This move aligns with the company's commitment to transparency and adherence to regulatory requirements.

Investors and stakeholders are advised to review the complete financial statements for a comprehensive understanding of the company's performance and financial position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.00%	-2.60%	+2.59%	-0.57%	-37.92%	+1,292.28%

Saraswati Commercial (India) Limited , a Non-Banking Financial Company (NBFC), has completed the final payment for convertible warrants in Tilaknagar Industries Limited, a major player in the Indian Made Foreign Liquor (IMFL) sector. This strategic move marks a significant investment in the breweries and distilleries industry.

Transaction Details

Aspect	Details
Total Warrants	7,00,000
Final Payment	Rs 20.05 crore (75% of total consideration)
Total Acquisition Cost	Rs 26.74 crore
Price per Share	Rs 382
Expected Shareholding	Approximately 0.27% of Tilaknagar's diluted share capital

Investment Rationale

Saraswati Commercial, primarily engaged in investing in shares and securities, made this investment as a financial investor in the ordinary course of business. The company had previously paid 25% of the total consideration, with the recent payment completing the transaction.

About Tilaknagar Industries

Aspect	Details
Industry	Breweries & Distilleries
Main Business	Manufacturing and sale of Indian Made Foreign Liquor (IMFL)
Product Portfolio	Brandy, whisky, vodka, gin, and rum

Timeline and Next Steps

The warrant conversion is expected to be completed by November 30, 2025.
Upon conversion, each warrant will be converted into one equity share of Tilaknagar Industries.

This investment by Saraswati Commercial (India) Limited aligns with its strategy as an NBFC focused on share and securities investments. The transaction falls under the purview of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representing a significant move in the company's investment portfolio.

For Tilaknagar Industries, this investment could potentially provide additional capital for its operations in the competitive IMFL market. As the Indian alcohol industry continues to evolve, such strategic investments may play a crucial role in shaping the sector's landscape.