The company made this announcement after market hours on Tuesday, 4 October 2011.

Meanwhile, the BSE Sensex was up 53.03 points, or 0.33% at 15,917.89.

On BSE, 26,000 shares were traded in the counter as against average daily volume of shares in the past 1.52 lakh shares during the past one quarter.

The stock hit a high of Rs 30.60 and a low of Rs 29.90 so far during the day. The stock had hit a record high of Rs 147.80 on 10 November 2010 and a 52-week low of Rs 27.50 on 3 October 2011.

The small-cap stock had underperformed the market over the past one month till 4 October 2011, falling 17.19% compared with the Sensex's 5.69% fall. The scrip had also underperformed the market in past one quarter, falling 35.37% as against 15.68% decline in the Sensex.

The company has an equity capital of Rs 115.38 crore. Face value per share is Rs 10.

Tilaknagar Industries' consolidated net profit declined 50.7% to Rs 2.40 crore on 27.2% rise in net sales to Rs 106.78 crore in Q1 June 2011 over Q1 June 2010.

Tilaknagar Industries is engaged in the business of manufacture and sale of Indian made foreign liquor (IMFL) and its related products.