The company made this announcement after market hours on Monday, 26 December 2011.

Meanwhile, the BSE Sensex was almost flat at 15,971.15.

On BSE, 91,000 shares were traded in the counter as against average daily volume of 1.22 lakh shares in the past one quarter.

The stock hit a high of Rs 35.40 and a low of Rs 33.50 so far during the day. The stock had hit a 52-week high of Rs 93.40 on 3 January 2011. The stock had hit a 52-week low of Rs 27.50 on 3 October 2011.

The small-cap stock outperformed the market over the past one month till 26 December 2011, gaining 11.04% compared with the Sensex's 1.75% rise. The scrip had also outperformed the market in past one quarter, surging 21.22% as against 0.5% fall in the Sensex.

The company has an equity capital of Rs 115.40 crore. Face value per share is Rs 10.

Tilaknagar Industries said that the Bombay High Court has dismissed the Notice of Motion no. 993/2009 in Suit No. 632 / 2009 filed by UTO Nederland B.V. seeking to restrain Tilaknagar Industries from the use of trademarks 'Mansion House' and 'Savoy Club'.

Commenting on the development, Dr Keshab Nandy, Chief Legal Officer, Tilaknagar Industries said, "We are pleased by the judgment passed by the Hon'ble Bombay High Court, which we believe provides fair justice and validates our stance. However, we are awaiting a copy of the judgment. We have in the past, focused immense energies & investments towards the brands 'Mansion House' and 'Savoy Club' and developed them as sustainably successful products in the Indian alcoholic beverages sector. Thus going ahead, we remain committed to drive growth and fortify our long standing presence in the industry on the back of a solid business model with strong brands and geographic reach".

Tilaknagar Industries said Mansion House Brandy clocked sales of nearly 6 million cases in FY 10-11 and is expected to show a healthy growth in FY 11-12. Mansion House Brandy is the second largest selling brandy in the world as per the latest reports of Euro Monitor and remains one of the fastest growing brands in the world, Tilaknagar Industries said in a statement.

On a consolidated basis, Tilaknagar Industries' net profit rose 24.2% to Rs 15.66 crore on 13% growth in net sales to Rs 143.67 crore in Q2 September 2011 over Q2 September 2010.

Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor (IMFL) players (including whisky, brandy, gin, rum and vodka) with presence across India. The company manufactures, markets and sells more than 40 brands across all price points. The company's subsidiaries are Prag Distillery, Vahni Distilleries, Kesarval Springs Distillers and Punjab Expo Breveries. The company exports its products to Western Africa, the Middle East, and the Far East and Caribbean countries.