Tilaknagar Industries: Promoter discloses encumbrances on shares

Amit Dahanukar, representing Tilaknagar Industries Limited's promoter group, disclosed the creation of encumbrances on shares, effective December 1, 2025. This includes a non-disposal undertaking (NDU) executed on November 20, 2025, in favor of Catalyst Trusteeship Limited. The NDU covers 26,844,552 equity shares, representing 12.89% of the total share capital, for which Catalyst Trusteeship Limited acts as common security trustee for lenders including ICICI Bank and JPMorgan Chase.

The financing arrangements for Tilaknagar Industries' facility require the promoter group to maintain at least 26% shareholding on a fully diluted basis. The borrowed amount, which led to these encumbrances, is intended for the acquisition of Imperial Blue Brands from Pernod Ricard India Pvt Ltd.

Additionally, Shivani Amit Dahanukar, also part of the promoter group, created a pledge over 1,570,000 equity shares of Tilaknagar Industries Limited for a loan, accounting for 0.75% of the total share capital. The total promoter shareholding in Tilaknagar Industries stands at 77,458,460 shares, or 37.20%, with 81.59% of these shares now encumbered.