Incorporation of a wholly-owned subsidiary in Nigeria, under such name and style as may be proposed by the Company and made available/approved by the concerned regulatory authorities, subject ....
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Tilaknagar Industries board approved multiple items at its May 29, 2026 meeting. Key highlight is the approval to incorporate a wholly-owned subsidiary in Nigeria to manufacture, import, distribute, and sell Imperial Blue brand, with capital subscription up to Rs. 30 crores. The company also posted FY2026 revenue of Rs. 5,247.58 crore (up 68% YoY) driven by the Imperial Blue acquisition from Pernod Ricard completed in December 2025 for Rs. 3,442 crore. However, profit before tax declined to Rs. 20.58 crore from Rs. 229.78 crore due to exceptional items including Rs. 200.67 crore in acquisition-related costs and Rs. 118.98 crore for new labour code implementation. The board recommended 10% dividend (Rs. 1/share) and approved a scheme to amalgamate two wholly-owned subsidiaries (Punjabexpo Breweries and Vahni Distilleries) with TIL, subject to NCLT approval. ESOP allotment of 303,050 equity shares increased paid-up capital to Rs. 247.47 crore.
The Nigeria expansion demonstrates growth ambitions following the Imperial Blue acquisition, though near-term profitability is impacted by acquisition costs and exceptional items. The amalgamation scheme and dividend signal confidence in long-term value creation despite short-term earnings compression.