Tilaknagar Industries has released the monitoring agency report for the quarter ended March 31, 2026. The report details the utilization of proceeds raised through its ₹2,295.63 crore preferential issue of equity shares and convertible warrants. As of the end of the quarter, the company has utilized ₹2,093.07 crore, with funds directed toward brand acquisition, working capital, and general corporate purposes, all in alignment with the objects stated in the original offer document.
Utilization of Proceeds
The company successfully raised a total of ₹2,295.63 crore to support its strategic growth initiatives. As of March 31, 2026, a total of ₹2,093.07 crore has been deployed. The primary focus of these funds has been the Acquisition of Brand, which saw a utilization of ₹1,296.78 crore, completing the acquisition of the Imperial Blue business division.
Operational and Corporate Expenditures
In addition to brand acquisition, the company has deployed ₹499.49 crore toward Working Capital requirements, specifically addressing excise duty payments related to the Imperial Blue product line via a transitional joint account arrangement. Furthermore, ₹296.80 crore was allocated to General Corporate Purposes, covering essential costs such as stamp duty (₹7.49 crore) and various acquisition-related advisory charges (₹175.09 crore).
Status of Unutilized Funds
As of the quarter ended March 31, 2026, the remaining unutilized amount stands at ₹202.56 crore. This balance pertains to the expected future conversion of warrants, which is anticipated to be received from the promoter category on or before March 2027. The company maintains full compliance with its stated objectives, with no deviations reported in the project implementation timelines or financial allocations.
Source: BSE
