The acquiring group, including TIMF Holdings FDI AC and others, has increased their total shareholding in TILAKNAGAR INDUSTRIES LTD to 6.84%. This substantial increase resulted from the conversion of warrants into equity shares at a 1:1 ratio, a process completed on February 12, 2026. The acquisition added 60,00,000 shares, moving the total holding from 4.41% to the new level, based on a total diluted capital of 24,71,70,825 shares.
Substantial Acquisition Disclosure Details
This disclosure, filed on March 10, 2026, details an acquisition event involving TILAKNAGAR INDUSTRIES LTD (TC) by the entities comprising TIMF HOLDINGS FDI AC, TIMF HOLDINGS, THINK INDIA OPPORTUNITIES MASTER FUND LP, and THINK INVESTMENTS PCC.
Pre-Acquisition Holding
Prior to the transaction, the acquirer group held 1,09,06,315 shares, representing 4.41% of the total share capital and voting capital.
Details of the Acquisition Event
The mode of acquisition was the CONVERSION OF WARRANTS INTO EQUITY SHARES. The group acquired 60,00,000 shares, corresponding to an acquisition percentage of 2.43% of the total capital.
Salient Features of Warrants Converted
- Expiry Date: Warrants are set to expire on 28TH MARCH 2027.
- Conversion Ratio: Warrants were converted by the company at a 1:1 RATIO TO EQUITY SHARES.
- Conversion Date: The conversion date was 12-Feb-2026.
Post-Acquisition Shareholding
Following the conversion, the acquirer group’s total holding stands at 1,69,06,315 shares. This new holding represents 6.84% of the total capital.
Capital Structure Comparison
| Metric | Before Acquisition (Shares/Capital) | Acquisition Amount | After Acquisition (Shares/Capital) |
|---|---|---|---|
| Equity Share Capital / Total Voting Capital | 24,71,70,825 (shs) | N/A | 24,71,70,825 (shs) |
| Total Diluted Share/Voting Capital | 24,71,70,825 (shs) | 60,00,000 shares converted | 24,71,70,825 (shs) |
| Percentage Holding | 4.41% | 2.43% | 6.84% |
Source: BSE
