Tega Chile's Tax Loss Appeal Dismissed; INR 8.73 Cr Exposure

Tega Industries Chile SpA, a step-down subsidiary of Tega Industries Ltd, has had its appeal dismissed by the First Tax and Customs Tribunal in Santiago, Chile. The tribunal upheld the decision of the Chilean tax authorities (SII) to disallow a portion of the accumulated tax loss carry forward claimed for the Tax Year 2020, citing insufficient supporting documentation. The disputed tax loss amounts to approximately CLP 3.17 billion (INR 32.32 crores), with an estimated tax exposure of CLP 856 million (INR 8.73 crores). Tega Chile is evaluating the order with legal advisors and considering further options. The company does not foresee any material impact on its financial or operational activities.