Tilaknagar Industries Limited has informed the Exchange about the Updates on Prag Distillery (P) Ltd, Wholly Owned Subsidiary
TI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tilaknagar Industries' board has approved a bottling capacity expansion at its wholly owned subsidiary Prag Distillery in Andhra Pradesh. The project will add 200 lakh proof litres of capacity, roughly 30 lakh cases per annum. The company will pay licence fees plus interest totalling about Rs 34 crores to obtain the expansion licence, which must be secured by August 31, 2025. The holding company has agreed in principle to provide financial assistance to the subsidiary for the project, with the Finance Committee authorised to execute the funding. The expansion is subject to regulatory compliance and final availability of funds.
Positive growth signal as the company expands capacity to meet rising demand, but the ~Rs 34 crore cash commitment will need to be funded and could pressure short-term liquidity.