Tilaknagar Industries Limited has informed the Exchange regarding a press release dated August 06, 2025, titled "Tilaknagar Industries makes Follow-on Investment in Samsara-maker Spaceman Spirits Lab Private Limited".
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Tilaknagar Industries (TI) has invested an additional INR 10.66 crore in Spaceman Spirits Lab (SSL), the maker of premium craft spirits including Samsara Gin, Sitara Rum and Amara Vodka. Of this, INR 9.15 crore is part of the previously announced INR 13.15 crore investment from a September 2024 agreement, while INR 1.51 crore is being used to buy shares from early SSL shareholders. This takes TI's stake in SSL from 12.98% to 21.36% on a fully-diluted basis, with an option to invest further at a pre-agreed valuation if SSL hits certain milestones. SSL projects nearly 70% revenue growth and 60% volume growth in FY26, and plans to enter whisky, heritage liqueurs and tequila. The companies are also working under a Usership Agreement (active since May 2025) where TI will distribute SSL's brands in select Indian states and abroad.
Positive for shareholders — the deeper investment strengthens TI's exposure to the fast-growing premium craft spirits segment and adds a high-growth associate to its portfolio, while leveraging TI's distribution network to scale SSL brands. Modest size of the investment (INR 10.66 crore) limits immediate financial impact, but the option to raise stake further at agreed milestones could be a longer-term value driver.