Joint Venture12 Mar 2026, 06:32 pm
Shri Gang Industries Enters Lease & Manufacturing Agreement with Tilaknagar Industries for IMFL Brands Bottling
AI Summary
Shri Gang Industries and Allied Products Limited has entered into a Lease Agreement and Manufacturing Agreement with Tilaknagar Industries Limited on March 12, 2026, for bottling their Indian Made Foreign Liquor (IMFL) brands at Shri Gang Industries' plant in Sandila, Hardoi, U.P. The agreement will be effective from April 01, 2026, and will remain valid till March 31, 2031. The special rights for Tilaknagar Industries include the right to appoint directors, first right to share subscription in case of issuance of shares, and the right to restrict any change in capital structure.
Key Highlights
- Shri Gang Industries entered into a Lease Agreement and Manufacturing Agreement with Tilaknagar Industries
- Agreement to bottle Tilaknagar Industries' IMFL brands at Shri Gang Industries' plant in Sandila, Hardoi, U.P.
- Agreement to be effective from April 01, 2026, and valid till March 31, 2031
- Special rights for Tilaknagar Industries include the right to appoint directors, first right to share subscription, and right to restrict change in capital structure