Tilaknagar Industries Limited

rs,

July 23, 2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Scrip Code : 507205 To, National Stock Exchange of India Limited E

412.6 million

This landmark acquisition has been agreed for a lump sum consideration basis enterprise value of €412.6 million (~INR 4,150cr)(a)(b) Largest transaction in the Indian alcoholic beverage space by an Indian compa

INR 4,150

acquisition has been agreed for a lump sum consideration basis enterprise value of €412.6 million (~INR 4,150cr)(a)(b) Largest transaction in the Indian alcoholic beverage space by an Indian company Includes

INR 700

ndian alcoholic beverage space by an Indian company Includes normalized working capital of ~€70m (~INR 700cr) and deferred consideration of €28m (~INR 282cr); deferred consideration will be paid at the end

INR 282

any Includes normalized working capital of ~€70m (~INR 700cr) and deferred consideration of €28m (~INR 282cr); deferred consideration will be paid at the end of 4 years, i.e., FY30 Note: IMFL stands for In

9.3%

t spirits(a) and whisky market, with attractive volume and value growth No. 1 Spirits market(a) +9.3% Whisky market volume CAGR 2020-2024(b) 20m people over LDA(c) added annually Rise in middle-cla

rs 22.4

Rise in middle-class consumers Scaled pan-India presence enabling TI to better compete with peers 22.4m 9-litre cases (9Lc) sold in LTM Mar-25(d) ~9% Volume share in the whisky segment Presence in

9%

ence enabling TI to better compete with peers 22.4m 9-litre cases (9Lc) sold in LTM Mar-25(d) ~9% Volume share in the whisky segment Presence in 27 States and UTs Nationwide supply and distribut

INR 3,067

of-mind” brand recall Robust financial track record, despite limited focus in the last few years INR 3,067 crs LTM Mar-25 Revenue Imperial Blue has a strong heritage with impressive track record delivered

1%

largest category within the Western Style Spirits segment… …with a fast-growing TAM Gin & other 1% Vodka 4% Rum 12% Brandy 20% Million 9Lc CAGR: ~9% 259 Whisky 63% 181 The acquisition fast-

4%

ategory within the Western Style Spirits segment… …with a fast-growing TAM Gin & other 1% Vodka 4% Rum 12% Brandy 20% Million 9Lc CAGR: ~9% 259 Whisky 63% 181 The acquisition fast- tracks TI

12%

within the Western Style Spirits segment… …with a fast-growing TAM Gin & other 1% Vodka 4% Rum 12% Brandy 20% Million 9Lc CAGR: ~9% 259 Whisky 63% 181 The acquisition fast- tracks TI’s foray