Intimation for execution of Lease Agreement and Manufacturing Agreement with Tilak Nagar Industries for bottling their Indian Made Foreign Liquor (IMFL) Brands.
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Awaiting price reaction for this filing.
Shri Gang Industries has signed a 5-year Lease and Manufacturing Agreement with Tilaknagar Industries Limited (TIL) on March 12, 2026, to bottle TIL's Indian Made Foreign Liquor (IMFL) brands at the company's Sandila plant in Uttar Pradesh. The agreement is effective from April 1, 2026 to March 31, 2031. There is no shareholding exchange, the parties are unrelated to the promoter group, and the deal is not a related-party transaction. Tilaknagar Industries is a well-known listed liquor company, making this a marquee contract manufacturing tie-up for Shri Gang.
This gives Shri Gang a long-term, recurring revenue stream from a marquee liquor brand owner, improving plant utilization at the Sandila facility. Positive for the stock in the short term as it validates the company's bottling capabilities, though the actual financial impact will depend on the volumes and margins agreed upon.