The National Company Law Tribunal (NCLT) has removed Prag Distillery from liquidation proceedings and allowed the reinstatement of the board of directors. Prag Distillery, a subsidiary of Tilaknagar Industries, had defaulted on loan repayments and filed for insolvency. After settling outstanding dues, the NCLT nullified preferential transactions and approved the withdrawal of the liquidation application. The decision allows Prag Distillery to resume management operations.

Tilaknagar Industries Ltd. has gained 34.29% in the last 3 Months

Tilaknagar Industries' arm Prag Distillery out of liquidation

Business Line | 28 Jun 2023

Tilaknagar Industries Ltd.

18 May 2023

340.70

12.55%

Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results

Business Standard

Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity

Tilaknagar Industries Ltd. has gained 34.29% in the last 3 Months

Tilaknagar Industries Ltd.

17 May 2023

340.70

12.55%

Tilaknagar Industries Q4 net profit more than doubles to Rs 59 crore

Business Standard

Leading Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported an over two-fold increase in its consolidated net profit to Rs 59.09 crore for the March quarter, led by higher volumes. The company had reported a net profit of Rs 23.24 crore in the January-March period a year ago, Tilaknagar Industries Ltd said in a BSE filing on Tuesday. Its revenue from operations was at Rs 717.24 crore, up 37.69 per cent, during the period under review against Rs 520.90 crore in the year-ago period. The company said its volumes were significantly at higher levels compared to pre-Covid times. It had "46 per cent volume growth in Q4 on YoY basis," according to the company's earnings presentation. Tilaknagar Industries' total expenses in the fourth quarter of FY23 were at Rs 689.64 crore. The total income of the company, which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, was 36.61 per cent higher a

Tilaknagar Industries Ltd. has gained 51.49% in the last 1 Year

Tilaknagar Industries Ltd.

17 May 2023

340.70

12.55%

Tilaknagar Ind Consolidated March 2023 Net Sales at Rs 357.45 crore, up 48.28% Y-o-Y

Moneycontrol

Tilaknagar Industries Ltd. is trading at high volume of 9.3M with price gain of 12.55.

Tilaknagar Industries Ltd.

29 Mar 2023

340.70

12.55%

Tilaknagar Industries picks up minority stake in Samsara gin maker

livemint

The company has considered and agreed to invest in two tranches an aggregate sum of 9.75 crore in the securities of Spaceman Spirits Lab Private Limited through a combination of equity and compulsory convertible preference shares