YEAR EVENTS
1967 - The Company was Incorporated on 18th December, under the name
of Maharashtra Radio & Electronics Ltd. It was promoted by the
Maharashtra Sugar Mills Ltd., as its wholly owned subsidiary to
carry on the manufacture of transistor radios and television
sets.
- Due to recessionary trend in the electronics industry, the
company took over the non-sugar activities and properties of the
Maharashtra Sugar Mills Ltd. (MSM), with effect from 1st October
1973. The name was changed to the present one on 20th September
1973.
- The Company's object is to manufacture Indian made foreign liquor
country liquor, industrial alcohol, chemicals, sugar cubes,
confectionery, etc.
1974 - The company ceased to be a subsidiary of MSM from 27th September.
1975 - The Company undertook to set up a chemical division at Tilaknagar
initially for the manufacture of alcohol based chemicals.
- The Company undertook the modernisation of the distillery plant.
The installation of a new analyser and rectification columns
along with necessary balancing equipment in the chemical division
neared completion.
- After having brought diethyl oxalate under licencing regulation
of the Industries Development and Regulation Act, Government
permitted the company to manufacture 250 tonnes per annum of
diethyl oxalate. Steps were taken to achieve the licenced
capacity.
1979 - 50,530 shares issued to Maharasthra Sugar Mills Ltd. with payment
in cash.
1981 - 63,320 shares issued to the public (prem. Rs.10 per share).
1982 - Profits however, declined due to increase in costs without any
corresponding increase in selling prices.
- The Company concluded an arrangement with a Nagpur distillery for
bottling by them the company's "MASTERS" range of IMFL products.
1983 - The margins were adversely affected due to difficult market
conditions and continued cost escalation.
- The performance of the potable liquor division was not
satisfactory due to slackness in demand. The "CLASSIC" extra
fine whisky which was introduced in the previous year met with
good demand.
- The Company also launched "MANSION HOUSE" range of whisky, brandy
and gin produced under the technical advise of B.V. Utomji,
Holland.
1984 - The distillery division, however suffered a setback with
production and sales declining due to uncertainty in getting
timely allotment of molasses. Production of country liquor fell
but turnover was higher due to upward revision of country liquor
prices, from May.
1985 - Production of the country liquor was lower due to increased use
of the available alcohol for the manufacture of IMFL products.
1986 - Production of country liquor declined due to a sharp increase in
the excise duty at Maharashtra and diversion of molasses by the
company for the manufacture of IMFL products that fetched better
returns.
- The distillery division suffered a further set back on account
of non-availability of molasses due to drought in Ahmednagar
district and increase in input costs.
- The oxalic acid plant remained inoperative for most part of the
year due to technical problems.
- The Company concluded three more similar bottling arrangements
to effectively meet the demand for the company's products and the
new units commenced production during the year.
1987 - Though turnover of the potable liquor division increased to
Rs.6.35 crores, the profitability of the division was adversely
affected due to introduction of new duty at Rs.1.50 per B.L. for
transfer of alcohol from the distillery to the portable liquor
plant and the country liquor plant, increase in export fee to
Rs.2 per B.L. and increase in import fee on IMFL products.
- The operations of the distillery division were adversely affected
due to non-availability of water as a result of drought and also
due to inadequate availability of molasses.
- The performance of the chemical division was not satisfactory due
to sluggish demand for the unfavourable pricing of diethyl
oxalate.
- The Company concluded one, more external bottling arrangement
with Ravier Distilleries Ltd., Gwalior Madhya Pradesh.
- 2,75,000 bonus shares issued in prop. 1:1. Authorised capital
increased.
1988 - Operations of the chemicals division became uneconomical due to
non-availability of oxalic acid in the local market at a fair
price.
- As a measure of diversification, the company took over from
Maharashtra Sugar Mills Ltd., its glass bottle manufacturing
plant as a going concern along with the assets and liabilities of
the division with effect from 1st February.
1989 - A new brand of whisky "RED STRIPE WHISKY" was introduced.
- Performance of the glass division was satisfactory due to
recommissioning of the furnace and completion of the
modernisation plan.
- 2,75,000 rights equity shares allotted for cash at par in prop.
1:2.
1991 - Sales turnover declined due to total suspension of production in
glass unit from August, owing to its uneconomic working.
- A Bio-Methanisation plant for primary treatment and disposal of
distillery effluent was being installed.
- The Company had reached an understanding with Altair, France, for
manufacture of `Courier Brandy' in their distillery, subject to
the approval of the Government of India, RBI and other
authorities. The French collaboration will be providing
technical know-how, supply necessary plant and equipment, train
the company's technical personnel in France and permit the
company to use their brand name `Courier Brandy' for domestic
and export sales. As a lumpsum consideration, the company
proposed to issue and allot to the collaboration 75,000 No. of
equity shares of Rs.10 each at par for consideration other than
cash.
1992 - The Company had given on lease its glass bottle manufacturing
unit to Ramnath Glass Containers Pvt. Ltd. for 10 years with
effect from 20th March.
2005
-Tilak Nagar Industries Ltd Issues Rights in the Ratio of 1:2
2009
-Tilak Nagar Industries has given the Bonus in the Ratio of 2:1
--Registered Office of the Company has been shifted from 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai - 400020 to P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra - 413720
2010
-Tilak Nagar Industries has given the Bonus in the Ratio of 2:1
2011
-" Tilaknagar Industries Ltd. wins trademark battle in Bombay High Court".
-"Tilaknagar Industries Ltd announces the appointment of Mr. Laxmi Narasimhan as Deputy Managing Director."
2012
-"Hockey Stars to Endorse Mansion House".
-"Tilaknagar Industries Ltd. awarded the Gold shield by ICAI for Excellence in Financial Reporting".
-"Tilaknagar Industries launches Seven Islands Vintage - Single Malt Scotch Whisky in London".
2013
-"Tilaknagar Industries Ltd. Wins Prestigious CSD Award".
-"Tilaknagar Industries Ltd. to divest its stake in its subsidiary - Shivprabha Sugars".
2014
-"Tilaknagar Industries acquires IFB Agros IMFL business".
-"Tilaknagar Industries Ltd. Appoints Mr. Vijay K Rekhi as Chairman and Mr. Ratneshwar Prasad as member of the Companys board of advisors"
2015
-Tilaknagar Industries inks MoU with Three Stills Company.
2022
-Tilaknagar Industries launches a premium variant of Mansion House Brandy.
-IMFL-maker Tilaknagar Industries launches flavoured brandy range.
-India's First Premium Flavoured Brandy Launched By Tilaknagar Industries.
-Tilaknagar Industries launches Mansion House French Style flavored brandy.
2023
-NCLT Mumbai has approved the Scheme of Amalgamation of Kesarval Springs Distillers Private Limited, Mykingdom Ventures Private Limited, Srirampur Grains Private Limited and Studd Projects Private Limited with and into Tilaknagar Industries Limited.
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