Tilaknagar Industries Approves Dividend, Reappointments, Nigerian Subsidiary, and Amalgamation Scheme
Tilaknagar Industries approved audited financial results for FY ended March 31, 2026. Recommended a dividend of ₹1 per share. Re-appointed Amit Dahanukar as CMD and C.R. Ramesh as Whole-Time Director. Approved incorporation of a Nigerian subsidiary with ₹30 crore investment and amalgamation of two subsidiaries.
The approvals include financial results, dividend recommendation, re-appointments of CMD and Whole-Time Director, incorporation of a foreign subsidiary with significant investment, and amalgamation of subsidiaries, all of which are material to the company's operations and governance.
The company approved financial results, recommended a dividend, re-appointed key management personnel, and approved strategic corporate actions like incorporating a subsidiary and amalgamating existing ones, all of which are positive developments.
Tilaknagar Industries Limited's Board of Directors, in a meeting held on May 29, 2026, approved several key matters. The Board considered and approved the audited financial results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026, along with the audit reports. A dividend of ₹1 per equity share (10%) for FY 2025-26 was recommended for approval at the upcoming Annual General Meeting (AGM).
The re-appointment of Mr. Chemangala Ramachar Ramesh as Whole-Time Director, who is retiring by rotation, was approved. The Board also approved the re-appointment of Mr. Amit Dahanukar as Chairman and Managing Director for a three-year term from November 07, 2026, to November 06, 2029, and Mr. Chemangala Ramachar Ramesh as Whole-Time Director for a three-year term from November 13, 2026, to November 12, 2029. Ms. Swapna Shah was re-appointed as Non-Executive Non-Independent Director for one year from June 01, 2026, to May 31, 2027. M/s. Akord & Co. were re-appointed as Internal Auditors and M/s. CY & Associates as Cost Auditors for FY 2026-27.
Furthermore, the company approved the incorporation of a wholly-owned subsidiary in Nigeria with an investment of up to ₹30 crore. The Board also approved the Scheme of Amalgamation of its two wholly-owned subsidiaries, Punjabexpo Breweries Private Limited and Vahni Distilleries Private Limited, with Tilaknagar Industries Limited. The company also approved the allotment of 303,050 equity shares under its ESOP schemes.
The Board meeting commenced at 3:15 PM and concluded at 5:35 PM.
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