TI

Corrects to drop extraneous characters in the first bullet and clarify shares rise 1.8%

** Tilaknagar Industries TILK.NS rises 1.8% to 450.3 rupees

** JM Financial starts with "Buy", PT of 550 rupees

** Notes liquor maker a formidable player in two of largest IMFL sub-segments - whisky and brandy, accounting for ~65% and ~20% of industry, respectively

** Says co's November 2025 acquisition of Imperial Blue broadens its South India portfolio into larger whisky category, positioning it to benefit from premiumisation-driven growth

** Expects ~11% CAGR in volume over FY26-FY28 by leveraging its South India strength to scale up Imperial Blue, strengthening sales team in north to tap larger markets

** Believes co's strong brands, integrated manufacturing, capable leadership position it well to capture sizeable IMFL opportunity

** YTD, TILK down 2%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

March 12 (Reuters) - Shri Gang Industries and Allied Products Ltd SRGI.BO:

• ENTERS AGREEMENT WITH TILAKNAGAR INDUSTRIES FOR BOTTLING IMFL BRANDS

Source text: ID:nBSE7DnQvP

Further company coverage: SRGI.BO

((Reuters.Briefs@thomsonreuters.com;;))

Adds details in paragraphs 2-7

March 6 (Reuters) - Thirsty young techies and professionals in the state home to India's Silicon Valley are expected to get easier access to a pint as authorities plan to scrap government-administered price controls on alcoholic beverages from April 2026.

Karnataka, home to technology hub Bengaluru, is one of India's most lucrative alcohol markets, with its large base of young professionals and multinational workforce driving demand for premium brands from global drinks makers like Diageo DGE.L, Pernod Ricard PERP.PA, Anheuser-Busch InBev ABI.BR and Carlsberg CARLb.CO.

Shares of Indian alcohol makers including United Breweries UBBW.NS, Tilaknagar Industries TILK.NS and Radico Khaitan RADC.NS rose following the policy announcement, with United Spirits UNSP.NS, owned by Diageo, jumping 5.4% and United Breweries, backed by Heineken HEIN.AS, gaining 2.6%.

India is the world's eighth-largest alcohol market with annual revenues of $45 billion; each state has its own regulations and pricing.

In Karnataka, the government controls retail alcohol pricing. Manufacturers declare ex-factory prices, based on which the state fixes the maximum retail price.

The state has among the highest alcohol taxes in India, with liquor classified into multiple price sections, each attracting an additional excise duty.

Karnataka now plans to introduce an alcohol-in-beverage-based excise duty structure that taxes alcohol based on its strength and reduce pricing categories to eight from 16, while allowing producers to decide on prices.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Thomas Derpinghaus)

((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

Feb 13 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES LTD DEC-QUARTER CONSOL NET LOSS 1.05 BILLION RUPEES

• TILAKNAGAR INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.53 BILLION RUPEES

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 27 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES LTD - RAJESH CHOUDHARY APPOINTED AS CFO

• TILAKNAGAR INDUSTRIES LTD - ABHINAV GUPTA RELINQUISHES ROLE AS CFO

Source text: ID:nBSE36rVw6

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

Sept 18 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES - SUPREME COURT UPHOLDS BOMBAY HIGH COURT ORDER IN FAVOR OF CO

• TILAKNAGAR INDUSTRIES LTD - CONTINUES EXCLUSIVE RIGHTS TO MANSION HOUSE AND SAVOY CLUB

• TILAKNAGAR INDUSTRIES LTD - UTO/ABD RESTRAINED FROM MARKETING MANSION HOUSE AND SAVOY CLUB IN INDIA

Source text: ID:nBSE3r0lFb

Further company coverage: TILK.NS

((reuters.briefs@thomsonreuters.com;))

** Shares of Tilaknagar Industries TILK.NS jump 8.6% to 513 rupees, their biggest intraday pct gain since July 22

** Breweries and distilleries co's June-qtr consol net profit more than doubled Y/Y to 885.1 mln rupees ($10.10 mln)

** Consol revenue from operations rose nearly 30%

** Stock up 21.5% YTD

($1 = 87.6470 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))

Aug 11 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES EXPECT TO RECEIVE CCI APPROVAL FOR IMPERIAL BLUE ACQUISITION BY CY2025

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

July 29 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES - TO ISSUE SHARES WORTH UP TO 5.49 BILLION RUPEES

• TILAKNAGAR INDUSTRIES - TO ISSUE WARRANTS OF UPTO 17.46 BILLION RUPEES ON PREFERENTIAL BASIS

Source text: [ID:]

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds: City Office REIT Updates, Bavarian Nordic, Union Pacific, Ceconomy

July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** City Office REIT <CIO.N> said it has agreed to be acquired by private investment firm MCME Carell Holdings for $7 per share in cash.

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** Danish biotech Bavarian Nordic BAVA.CO said on Thursday it is in discussions with a consortium of Nordic Capital and Permira regarding a potential takeover offer.

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** Union Pacific UNP.N said on Thursday it was in advanced discussions with rival Norfolk Southern NSC.N for a possible mega merger that would create an about $200 billion transcontinental railroad behemoth.

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** German electronics retailer Ceconomy CECG.DE confirmed on Thursday it was in advanced negotiations with China's JD.com 9618.HK over a potential public takeover for 4.60 euros per ordinary share.

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** France's Pernod Ricard <PERP.PA> has agreed to sell its Imperial Blue whisky brand to India's Tilaknagar Industries <TILK.NS> for an enterprise value of 412.6 million euros ($486 million), as the spirits group boosts its focus on premium labels.

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** Healthcare software firm Waystar <WAY.O> said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and reduce claim denials.

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** Brazilian food delivery app iFood, owned by Dutch technology investor Prosus <PRX.AS>, is in advanced talks to buy meal voucher company Alelo for about 5 billion reais ($904.75 million), the Valor Economico newspaper reported on Wednesday, citing sources.

nL1N3TK0VS

** Spain's Sabadell SABE.MC pledged on Thursday to boost profits and payouts for shareholders, including from the recently-agreed sale of UK arm TSB, as the bank set out its case to remain independent in the face of a hostile bid from bigger rival BBVA.

nL8N3TL03M

** Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group WG.L, as Britain's financial watchdog has launched a probe into the oilfield services provider, the Financial Times reported on Thursday, citing people familiar with the matter.

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** Healthcare software firm Waystar WAY.O said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and reduce claim denials.

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** One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's BP.L Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

PARIS, July 23 (Reuters) - Pernod Ricard PERP.PA said on Wednesday it agreed to sell its Imperial Blue whisky business division to Indian liquor maker Tilaknagar Industries TILK.NS, as the French spirits maker boosts its focus on premium labels in its portfolio.

The world's No. 2 Western spirits maker said that upon closing, the transaction, the amount of which has not been disclosed, was expected to be "immediately and meaningfully accretive" to Pernod Ricard India's operating margin and net sales growth rate.

The transaction remains subject to approval from the competition commission of India, and closing is expected within the coming months, the statement said.

(Reporting by Dominique Vidalon; Editing by Benoit Van Overstraeten)

((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net))

July 21 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• NOT RECEIVED ANY COMMUNICATION ON CHARGESHEET FILED BY ANDHRA PRADESH POLICE

Source text: [ID:]

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;;))

By Khushi Malhotra and Dharamraj Dhutia

MUMBAI, July 14 (Reuters) - Indian liquor makers Inbrew Beverages and Tilaknagar Industries TILK.NS are seeking to tap the private credit market as they compete with each other to acquire Pernod Ricard's PERP.PA Imperial Blue, according to three sources familiar with the matter.

The companies are looking to raise around $500 million each and have reached out to private credit funds to back their acquisition, the sources, who did not want to be named as they are not authorised to speak to media, said last week.

Imperial Blue, India's third-largest whiskey brand by sales, has been valued at about $600 million to $650 million, according to a report in the Business Standard newspaper.

"Both the companies have reached out to private credit funds to back them up whenever they win the bid," said a fund manager at a private credit fund, which has provided commitments to both the firms.

"Many funds have given commitments to both the issuers, as only one of them will actually go ahead with the borrowing."

Avendus Capital is the banker for Tilaknagar Industries, while Standard Chartered Bank will be acting as the banker for Inbrew Beverages, two of the sources said.

Inbrew Beverages, Tilaknagar Industries, Avendus Capital and Standard Chartered Bank did not immediately reply to Reuters' emails seeking comment.

Fund managers expect the Imperial Blue acquisition to be finalised over the next month as the companies are in an advanced stage of talks.

If the deal goes through, it will be the largest in India's alcoholic beverage industry in more than a decade. The last big acquisition happened in 2013, when Diageo bought United Spirits for $1.9 billion.

(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((khushi.malhotra@thomsonreuters.com;))

** Shares of Tilaknagar Industries TILK.NS jump 9.2% to 330.60 rupees

** Breweries and distilleries co's Q4 consol profit more than doubles to 773.5 mln rupees ($9.03 mln) from 314.5 mln rupees year ago

** Revenue up 14.4% Y/Y at 8.81 bln rupees

** Trading vols at 4.8 mln shares, over 3x the 30-day average

** Stock set to gain for fourth straight session

** TILK down ~22% YTD

($1 = 85.6310 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

Feb 4 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• DEC-QUARTER CONSOL NET PROFIT 539.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.05 BILLION RUPEES

Source text: ID:nBSE8w5VC5

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Tilaknagar Industries TILK.NS rise 8% to 314 rupees

** Stock set for best one-day pct gain since June 5

** The Mansion House brandy maker posts 57% jump in Q2 consol net profit; rev from ops up ~10% Y/Y

** Co says growth aided by superior brand mix and cost optimization

** Over 3.3 mln shares traded, 4.3x its 30-day avg

** Stock up 31% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com))

Nov 4 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 582.3 MILLION RUPEES

• TILAKNAGAR INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.23 BILLION RUPEES

Source text: ID:nBSE5QNh3w

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Oct 4 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES- APPROVES INVESTMENT OF 80.3 MILLION RUPEES IN ROUND COCKTAILS

• TILAKNAGAR INDUSTRIES - COMPLETES INVESTMENT IN ROUND THE COCKTAILS

Source text for Eikon: ID:nNSE1yL7md

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

Sept 19 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES - TO INVEST 80.3 MILLION RUPEES IN ROUND THE COCKTAILS

Source text for Eikon: ID:nBSE6ZzQ1P

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

Sept 17 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES - GETS 103.6 MILLION RUPEES AS PARTIAL SUBSIDY FROM GOVERNMENT OF MAHARASHTRA

Source text for Eikon: ID:nBSE6Fk1BJ

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Tilaknagar Industries TILK.NS rise 4.1% to 251.2 rupees

** Indian alcohol beverages maker reported a 56% rise in Q1 consolidated net profit, rev from ops up 4% Y/Y

** Stable raw material costs pushed co's EBITDA margin to 16% from 12.6%

** More than 2.2 mln shares change hands, 2.8x its 30-day avg

** Day's gaind take stock up 5% for the year

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))

Aug 12 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 400.9 MILLION RUPEES

• TILAKNAGAR INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.65 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

May 30 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• COMMISSIONER OF DISTILLERIES & BREWERIES, ANDHRA PRADESH ISSUED NOTICE TO UNIT PRAG DISTILLERY

• BALANCE LETTER OF INTENT FEES AGGREGATING TO 347.2 MILLION RUPEES

Source text for Eikon: ID:nBSE3d1NN

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Tilaknagar Industries TILK.NS down 5.4% at 226.50 rupees

** Stock of the Indian alcohol beverages maker posts its worst intraday drop since March 13

** Co on Tuesday reported ~47% drop in Q4 profit

** Tilaknagar stock has slipped 6% YTD

(Reporting by Sethuraman NR in Bengaluru)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

May 21 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 314.5 MILLION RUPEES VERSUS PROFIT 591 MILLION RUPEES

• TILAKNAGAR INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.71 BILLION RUPEES VERSUS 7.17 BILLION RUPEES

Source text for Eikon: ID:nBSE3fDsdR

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

** India's alcoholic beverages industry is set for margin improvement, revenue growth in FY2025, ICRA says

** Projects rev growth of 8-10% for domestic alcohol cos, 11-13% growth for Indian made foreign liquor cos on customer preference for premium products

** ICRA expects beer to witness good season in Q1 anticipating a hot summer

** Says margin growth to be driven by moderation in input costs and packaging materials such as glass bottles

** Shares of United Spirits UNSP.NS fall 1.5%, United Breweries UBBW.NS down 3.1% and Tilaknagar Industries TILK.NS down 0.4%, while those of Radico Khaitan RADC.NS rise 2.6%, G M Breweries up 0.5% and Som Distilleries SDB.NS edge 0.1% higher

(Reporting by Sethuraman NR)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

Feb 12 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• TILAKNAGAR INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 437.7 MILLION RUPEES VERSUS PROFIT 758.8 MILLION RUPEES

• TILAKNAGAR INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.98 BILLION RUPEES VERSUS 6.75 BILLION RUPEES

Source text for Eikon: ID:nNSE75Vdph

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

Aug 11 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• CO MADE PRE-PAYMENT OF RESTRUCTURED DEBT OF EDELWEISS ASSET RECONSTRUCTION COMPANY

• TOTAL RESTRUCTURED DEBT OF 1.76 BILLION RUPEES AS ON JUNE 30 OF EARC TRUST SC 241 STANDS AT NIL

• PREPAYMENT OF EARC DEBT FUNDED THROUGH DEBT OF 1.3 BILLION RUPEES FROM KOTAK MAHINDRA BANK, INTERNAL ACCRUALS

Source text for Eikon: ID:nBSE7knKxW

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))

June 27 (Reuters) - Tilaknagar Industries Ltd TILK.NS:

• NCLT ORDERS LIQUIDATION PROCESS OF UNIT PRAG DISTILLERY IS CLOSED AND WITHDRAWN

• NCLT ORDERS ERSTWHILE BOARD OF DIRECTORS FOR MANAGEMENT OF OPERATIONS OF PRAG IS REINSTATED

Further company coverage: TILK.NS

((Reuters.Briefs@thomsonreuters.com;))