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Business Standard
2 days ago
- Business
- Business Standard
Tilaknagar zooms 28% in 1 week. What's driving alcoholic beverage stock?
Tilaknagar Industries share price today Shares of Tilaknagar Industries surged 10 per cent to ₹436.30 on the BSE in Monday's intra-day trade amid heavy volumes after the company announced its fund raising plan. The stock was trading close to its 52-week high of ₹457.30 touched on January 3, 2025. In the past one week, the stock price of the Indian-Made Foreign Liquor (IMFL) manufacturer has zoomed 28 per cent, as compared to 0.30 per cent decline in the BSE Sensex. At 10:28 AM; Tilaknagar Industries was quoting 8.6 per cent higher at ₹431, as against 0.39 per cent rise in the benchmark index. The average trading volumes on the counter jumped over three-fold. A combined 8.64 million equity shares representing 4.5 per cent of total equity of Tilaknagar Industries changed hands on the NSE and BSE. Tilaknagar - Fund raising plan Tilaknagar Industries on Saturday, July 19, 2025 informed that a meeting of the board of directors of the company will be held on Wednesday, July 23, 2025, inter alia to consider the fund raising plan. In a regulatory filing, the liquor maker said the board will deliberate on issuing equity shares or a mix of financial instruments, including debentures, warrants, preference shares, or foreign currency convertible bonds. The raise could be executed through multiple channels like public offer, rights issue, preferential issue, qualified institutional placement (QIP), or private placement, depending on market conditions and regulatory permissions. Favourable Bombay High Court ruling - Tilaknagar Industries The Bombay High Court has ruled in favour of Tilaknagar Industries, restraining Allied Blenders & Distillers (ABDL) from launching the 'Mansion House' and 'Savoy Club' spirit brands across India. These orders have not only upheld the ownership and proprietary rights of Tilaknagar Industries under the trademarks Mansion House & Savoy Club, while allowing Tilaknagar Industries to continue its uninterrupted, exclusive use and sale of the brands Mansion House & Savoy Club, but have also restrained other entities such as UTO Nederland B V (UTO) & ABDL from using and/or launching the brand Mansion House & Savoy Club in all of India by protecting exclusive usage rights in favour of Tilaknagar Industries. ABDL has notified the exchange that they are exploring options to challenge the order in higher court and cannot ascertain any material financial impact at the moment. Tilaknagar - Management commentary post Q4 results The company's January to March 2025 quarter (Q4FY25) saw a very strong close to the year; with high volume and value-led growth. Quarterly growth was driven by resumption of strong performance in largest state of Andhra Pradesh (AP), both on year-on-year (YoY) and quarter-on-quarter (QoQ) terms. The Route to Market (RTM) change in AP is completed, and the management expects the company's performance in the state to continue its growth trajectory, in-line with the industry. AP has been well supported by the company's other Southern states, each of which have seen market share improvements. About Tilaknagar Industries Tilaknagar Industries (TI) is one of India's leading alcoholic beverage companies. The company has over the years transformed in to a major player in the India Made Foreign Liquor (IMFL) industry having a manufacturing footprint of 19 units across 12 states. TI's brand portfolio straddles multiple categories, featuring two 'Millionaire' brandy brands - Mansion House and Courrier Napoleon- along with a strong presence in whisky, rum, and gin through Mansion House Whisky, Madiraa Rum and Blue Lagoon Gin. Recently, TI has expanded into the luxury segment with Monarch Legacy Edition Brandy.
Time of India
6 days ago
- Business
- Time of India
ABD barred from launching disputed brands; Bombay HC rules in favour of Tilaknagar Industries
The Bombay High Court has restrained Allied Blenders & Distillers (ABD) from launching 'Mansion House' and 'Savoy Club' spirits nationwide, overturning a previous order. This decision favors Tilaknagar Industries (TI), which has been marketing alcoholic beverages under those trademarks in India for over 40 years. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: The Bombay High Court has restrained Kishore Chhabria-led Allied Blenders & Distillers (ABD) from launching 'Mansion House' and 'Savoy Club' spirits anywhere in the country, setting aside a recent single bench order that allowed it to sell these brands in West Bengal. Tilaknagar Industries (TI), which markets and sells brandy and whisky under the Mansion House brand, had sought the court's intervention to restrain ABD, Herman Jansen Beverages Nederland BV, and UTO Asia Pte Ltd from manufacturing, marketing, or selling alcoholic products under the trademarks Mansion House and Savoy Club."The balance of convenience is clearly against UTO and in favour of Tilaknagar," a division bench of Chief Justice Alok Aradhe and Justice Sandeep Marne said in its order issued on Wednesday. "In order to avoid confusion in the minds of the customers, which is also in the public interest, the two rival entities cannot be allowed to manufacture and sell products under the same marks, particularly when UTO has not sold a single bottle of alcohol in India under the impugned marks for 38 long years," it said in its 83-page in a stock exchange filing on Thursday said, "The company is considering to challenge the order."The dispute has been going on for over 17 years UTO-which ABD acquired from Herman Jansen last month for ₹1.22 million, or about ₹12 crore-owns worldwide rights in Mansion House and Savoy Club brands, excluding certain territories such as China and most of Southeast had in 1987 signed an agreement with UTO (Herman Jansen) for the ownership rights of Mansion House brandy and Savoy Club gin in India. The Dutch side, however, argued that the arrangement was never legally solemnised and filed a trademark infringement lawsuit against TI in 2008, when Mansion House brandy emerged as a formidable brand in December 2011, the Bombay HC held that Tilaknagar had the ownership rights to Mansion House in India, but Herman Jansen filed an appeal against it before a division 2014, ABD bought 50% ownership rights for Mansion House and Savoy Club brands from Herman Jansen and signed a licensing deal to produce and sell them in the challenged February this year, Bombay High Court's Justice Riyaz Chagla allowed ABD and Herman Jansen to launch Mansion House brandy and Savoy Club gin in West Bengal, observing that "there is no apparent similarity between the ABD's label and Tilaknagar's mark" and that ABD has been able to establish that its products will compete in a different market segment of high-end alcoholic beverages Tilaknagar challenged the order before a division bench, which has now set it contacted, Tilaknagar's legal head Savitrii Dadhich confirmed the development but refused to divulge any firm, through senior counsels Ravi Kadam and Venkatesh Dhond, had argued that it has marketed and sold alcoholic beverages under Mansion House and Savoy Club trademarks in India for over 40 years.
Time of India
6 days ago
- Business
- Time of India
Bombay HC bars ABD from launching products under ‘Mansion House', ‘Savoy Club' trademarks
The Bombay High Court has restrained Allied Blenders and Distillers (ABD) from introducing or selling its products under the trademarks 'MANSION HOUSE' and 'SAVOY CLUB' in India until a final decision is made in an ongoing trademark dispute . The Division Bench of the High Court, in its order dated July 16, 2025, allowed appeals filed by Tilaknagar Industries Limited (TIL) that challenged an earlier ruling permitting ABD to introduce products under the 'MANSION HOUSE' label in West Bengal. Explore courses from Top Institutes in Select a Course Category Degree MBA Healthcare Leadership Digital Marketing healthcare PGDM Management Project Management Design Thinking Data Science Cybersecurity Data Analytics Operations Management MCA Technology Product Management Public Policy Data Science CXO Artificial Intelligence Others others Finance Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details That earlier order, dated February 7, 2025, had been based on label registration secured by ABD from the West Bengal State Excise Department . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Quote Undo With the latest ruling, the court has effectively reinstated a restriction on ABD, directing it to maintain the current status of non-introduction of products under both disputed marks—"MANSION HOUSE" and "SAVOY CLUB"—across India until the original commercial intellectual property suit (filed in 2009) is concluded. In addition to upholding TIL's appeals, the high court also dismissed an earlier appeal (No. 66 of 2012) filed by ABD in a related motion within the same suit. Live Events ABD has stated that it is considering a legal challenge to the July 16 order. The disclosure was made in compliance with SEBI's Listing Regulation 30 and associated circulars, the company informed the exchanges on Thursday. A long-standing legal dispute In February 2025, the Bombay High Court had allowed Allied Blenders & Distillers (ABD) and Dutch distiller Herman Jansen Beverages (formerly UTO) to launch Mansion House brandy and Savoy Club gin in India, ending a 17-year legal battle with Tilaknagar Industries (TIL). TIL, which markets Mansion House brandy in India, had sought the court's intervention to restrain ABD, Herman Jansen Beverages Nederland, and UTO Asia from manufacturing, marketing, or selling alcoholic products under the trademarks Mansion House and Savoy Club. Justice Riyaz Chagla had dismissed TIL's application, observing there was "no apparent similarity" between ABD's label and TIL's mark, and noting ABD's products would compete in a different, high-end segment. The judge gave TIL four weeks to challenge the order before it took effect. Following the ruling, Tilaknagar Industries' stock hit the lower limit of 20%, closing at ₹293.4 on the BSE. TIL filed an appeal against this order before the division bench of the High Court. ABD had sought permission to initially launch Mansion House brandy and Savoy Club gin in West Bengal. The roots of the dispute go back to 1987, when TIL signed an agreement with UTO (Herman Jansen) granting it ownership rights of Mansion House brandy and Savoy Club gin in India. However, the Dutch company argued the agreement was never legally finalized and filed a trademark infringement lawsuit against TIL in 2008. In December 2011, a single-judge bench of the Bombay High Court ruled that TIL held rights to Mansion House in India, but this was appealed by Herman Jansen. In 2014, ABD acquired 50% ownership rights to Mansion House and Savoy Club from Herman Jansen, gaining the rights to produce and sell these brands in India.
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Business Standard
18-06-2025
- Business
- Business Standard
For Herman Jansen, India still a strategically-important emerging market
The company will focus on growing its European and South East Asian market, says Diederik Jansen Sharleen Dsouza Mumbai Listen to This Article Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Herman will focus on growing its European and South East Asian market, Diederik Jansen, chief executive officer and seventh-generation owner of Herman Jansen, which has been producing spirits since 1777, told Business Standard. Herman Jansen is a family-owned company from Schiedam, Holland. He said, 'We continue to see India as a strategically-important emerging market. We firmly believe that any successful presence must be anchored through a capable and
Time of India
11-06-2025
- Business
- Time of India
tilaknagar industries: Allied Blenders buys rights to Mansion House and Savoy Club Brands
Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.
