Shri Gang Industries Share Price in Focus; Enters Lease and Manufacturing Agreement With Tilaknagar Industries

Shri Gang Industries and Allied Products Limited has signed a lease and manufacturing agreement with Tilaknagar Industries for bottling Indian Made Foreign Liquor (IMFL) brands. The agreement was executed and disclosed on March 12, 2026. 

Under the arrangement, Tilaknagar Industries’ IMFL brands will be bottled at Shri Gang Industries’ manufacturing facility located at Plot No. B-2/6 and B-2/7 in the UPSIDC Industrial Area, Phase IV, Sandila, in Hardoi district of Uttar Pradesh.  

5-Year Contract Period 

The agreement is scheduled to come into effect from April 1, 2026. It will remain valid until March 31, 2031, giving the arrangement a total duration of 5 years.  

During this period, the Sandila plant will be used for bottling operations for Tilaknagar Industries’ liquor brands in line with the terms agreed between the 2 companies. 

Purpose of the Agreement 

The regulatory filing states that the agreement is for expanding Shri Gang Industries’ business through contract bottling of Tilaknagar Industries’ IMFL brands. Production activities will take place at the company’s existing facility in Sandila.  

Contract manufacturing and bottling arrangements are used in the liquor industry, where brand owners often work with third-party facilities to carry out production and packaging. 

Transaction Structure 

Shri Gang Industries said it does not hold any shareholding in Tilaknagar Industries in relation to this agreement.  

The companies are also not connected through promoter groups or affiliated entities. Because of this, the agreement does not fall under related-party transactions under SEBI regulations.  

The disclosure also stated that the agreement does not include provisions such as board representation, rights related to share subscription, or restrictions on capital structure.  

Read More: Max Financial Services Proposes ₹2,000 Crore Capital Raise Via QIP! 

Shri Gang Industries Share Price Performance  

As of March 13, 2026, 12:22 pm, Shri Gang Industries & Allied Products share price was ₹80.00, a 2.59% increase from the previous closing price. 

Conclusion 

The agreement sets out a contract bottling arrangement between Shri Gang Industries and Tilaknagar Industries at the Sandila manufacturing facility in Uttar Pradesh. The partnership will run for 5 years beginning April 2026 and has been disclosed to exchanges in line with SEBI’s regulatory requirements. 

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