Please find enclosed herewith Outcome of Board Meeting held on May 29, 2026 regarding recommendation of final dividend.
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Tilaknagar Industries Board met on May 29, 2026 and recommended a final dividend of Rs. 1 per equity share (10% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported consolidated revenue of Rs. 5,24,758 lakhs for FY2026, up significantly from Rs. 3,12,098 lakhs in FY2025, driven by the acquisition of Imperial Blue business from Pernod Ricard India for Rs. 3,442 crore. However, net profit declined to Rs. 2,087 lakhs from Rs. 22,959 lakhs due to exceptional items of Rs. 2,319.66 lakhs (including acquisition costs and labor code impact). The board also approved setting up a wholly-owned subsidiary in Nigeria to manufacture and distribute Imperial Blue, and a scheme to amalgamate two subsidiaries (Punjabexpo Breweries and Vahni Distilleries) with the company.
The dividend of Rs. 1 per share is modest given the company's current profitability challenges from the major acquisition. The stock may see mixed reaction as revenue growth is offset by significantly lower profits and integration costs from the Imperial Blue acquisition.