Tilaknagar Industries Limited has informed the Exchange regarding Change in Auditors of the company.
TI · price
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Tilaknagar Industries reported FY2026 audited consolidated results with revenue of Rs. 5,247.58 crore, up 68% from Rs. 3,120.98 crore in FY2025, driven by the Imperial Blue acquisition completed in December 2025. However, profit before tax declined to Rs. 20.58 crore from Rs. 229.78 crore due to Rs. 231.97 crore in exceptional items including acquisition costs of Rs. 220.07 crore and Rs. 11.90 crore for new labour code gratuity impact. The Board recommended a 10% dividend (Rs. 1 per share) and approved re-appointment of key directors including Chairman & MD Amit Dahanukar (3-year term from Nov 2026) and Whole-Time Director C.R. Ramesh. The company also approved setting up a wholly-owned subsidiary in Nigeria (up to Rs. 30 crore investment) to manufacture and distribute Imperial Blue, and a scheme to amalgamate two subsidiaries (Punjabexpo Breweries and Vahni Distilleries) with the parent. Statutory auditors Harshil Shah & Company issued a qualified opinion on non-impairment assessment of an ENA plant.
The stock saw strong revenue growth from the Imperial Blue acquisition but profit compression from exceptional acquisition costs and labour code changes impacted near-term profitability. Expansion into Nigeria and the amalgamation scheme signal strategic growth initiatives. The auditor qualification on the ENA plant is a minor governance concern but not material.