Net Loss of Tilaknagar Industries reported to Rs 61.74 crore in the quarter ended March 2018 as against net loss of Rs 106.59 crore during the previous quarter ended March 2017. Sales rose 72.04% to Rs 258.90 crore in the quarter ended March 2018 as against Rs 150.49 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 151.13 crore in the year ended March 2018 as against net loss of Rs 279.58 crore during the previous year ended March 2017. Sales rose 12.84% to Rs 581.17 crore in the year ended March 2018 as against Rs 515.03 crore during the previous year ended March 2017.

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Net Loss of Tilaknagar Industries reported to Rs 105.68 crore in the quarter ended March 2018 as against net loss of Rs 101.25 crore during the previous quarter ended March 2017. Sales declined 9.75% to Rs 99.29 crore in the quarter ended March 2018 as against Rs 110.02 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 197.99 crore in the year ended March 2018 as against net loss of Rs 268.11 crore during the previous year ended March 2017. Sales declined 19.02% to Rs 308.82 crore in the year ended March 2018 as against Rs 381.34 crore during the previous year ended March 2017.

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The Board of Tilaknagar Industries at its meeting held on 14 June 2018 has approved the allotment of 175,100 equity shares of Rs. 10/- each to the option grantees at an issue price of Rs. 13/- each under ESOP Scheme 2010 and ESOP Scheme 2012 of the Company. After the present allotment, the post-issue paid-up equity share capital of the Company has become Rs.1,249,312,150/- divided into 124,931,215 equity shares of Rs 10/- each.

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Tilak Nagar Industries will hold a meeting of the Board of Directors of the Company on 12 June 2018.

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