Saraswati Commercial (India) Limited , a Non-Banking Financial Company (NBFC), has finalized its investment in Tilaknagar Industries Limited, a player in the breweries and distilleries sector. This move marks a development in the financial landscape of both companies.

Investment Details

Saraswati Commercial has completed the acquisition of 7,00,000 equity shares in Tilaknagar Industries, representing approximately 0.27% of the latter's diluted share capital. This acquisition was executed through the conversion of convertible warrants.

Financial Breakdown

The investment process was carried out in two phases:

1. Initial Payment: 25% of the total consideration
2. Final Payment: Rs. 20.05 crores, representing the remaining 75%

Regulatory Compliance

This transaction has surpassed the threshold specified under Regulation 30(4)(i)(c)(2) of the SEBI (LODR) Regulations, 2015, which requires disclosure when an investment exceeds 2% of the investing company's net worth as per the last audited consolidated financial statements.

Impact and Significance

For Saraswati Commercial, an NBFC focused on investing in shares and securities, this move aligns with its core business strategy. The investment in Tilaknagar Industries, a company with a net worth of Rs. 882.25 crores and an annual turnover of Rs. 3,174.61 crores, represents a decision in the alcoholic beverage industry.

Market Implications

While the 0.27% stake might seem modest, such investments by NBFCs can often signal confidence in a company's future prospects. For Tilaknagar Industries, this investment could be seen as an indicator of its market position in the breweries and distilleries sector.

Conclusion

This transaction underscores the role of NBFCs in providing capital to various sectors in India's financial markets. As both companies move forward, market observers will be keen to see how this investment influences their respective strategies and market positions.

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

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.