Tilaknagar Industries Ltd (TI), a prominent player in the Indian spirits industry, has announced a significant addition to its senior management team. The company has appointed Mr. Nishant Jain as President - Sales, effective October 03, 2025, in a move aimed at strengthening its sales strategy and market presence.

Key Appointment Details

The appointment of Mr. Jain was approved by TI's Board of Directors, following a recommendation from the Nomination and Remuneration Committee. This strategic hire underscores the company's commitment to enhancing its sales capabilities and driving growth in the competitive alcoholic beverage market.

Nishant Jain's Extensive Experience

Mr. Jain brings a wealth of experience to his new role at Tilaknagar Industries:

• Over 26 years of expertise in the alco-beverage sector
• Specialization in Sales, Trade Marketing, and Key Accounts management
• Previously served as Chief Operating Officer - Spirits Business at Inbrew Beverages
• Held the position of Sales Director - South at Allied Blenders & Distillers (ABD)
• Spent more than two decades with Pernod Ricard India in various commercial roles

Notable Achievements

In his previous role at Inbrew Beverages, Mr. Jain played a crucial part in:

• Setting up the spirits business from inception
• Establishing a robust sales and distribution network across 22 states in India
• Expanding the company's presence to five international markets

Educational Background

Mr. Jain's strong academic credentials complement his extensive industry experience:

• Alumnus of the prestigious Indian Institute of Technology (IIT) Roorkee
• Graduate of the Indian Institute of Management (IIM) Lucknow

Impact on Tilaknagar Industries

The appointment of Nishant Jain as President - Sales is expected to bring fresh perspectives and strategies to Tilaknagar Industries' sales operations. His extensive experience in scaling businesses and building high-performing teams aligns well with TI's growth ambitions in the competitive spirits market.

As Tilaknagar Industries continues to navigate the dynamic alcoholic beverage industry, Mr. Jain's leadership in the sales department could play a pivotal role in expanding the company's market share and enhancing its distribution capabilities.

This strategic hire demonstrates Tilaknagar Industries' commitment to strengthening its leadership team and positioning itself for future growth in the Indian and international spirits markets.

Tilaknagar Industries Ltd , a prominent player in the Indian spirits industry, has announced a significant capital raise through a preferential allotment of equity shares and warrants. The company's Finance Committee approved the issuance on September 29, 2025, following shareholder approval at an Extraordinary General Meeting held on August 20, 2025.

Equity Share Allocation

The company has allotted 1,43,80,000 equity shares at a price of Rs. 382.00 per share, raising a total of Rs. 549.32 crore. The shares were issued to various non-promoter entities, with SMALLCAP World Fund, Inc. being the largest recipient, acquiring 65,50,000 shares.

Warrant Issuance

In addition to the equity shares, Tilaknagar Industries has also allotted 4,57,15,000 convertible warrants at the same price of Rs. 382.00 per warrant. This move has the potential to bring in an additional Rs. 1,746.31 crore upon full conversion. The warrants were issued to both promoter and non-promoter categories.

Key Investors

Some of the notable investors in this preferential issue include:

Impact on Share Capital

Following this allotment, Tilaknagar Industries' paid-up equity share capital has increased from 19,38,13,750 shares to 20,81,93,750 shares, representing a rise in the paid-up capital from Rs. 193.81 crore to Rs. 208.19 crore.

Lock-in Period and Conversion Terms

The newly allotted equity shares and warrants will be subject to a lock-in period as specified under SEBI regulations. For the warrants, 25% of the issue price was paid upfront, with the remaining 75% due upon exercise of the conversion right.

Regulatory Compliance

Tilaknagar Industries has stated that it will apply for listing and trading approvals for the newly allotted shares from the stock exchanges within the prescribed timelines.

This capital raise is expected to strengthen Tilaknagar Industries' financial position, potentially providing resources for growth initiatives and debt reduction.