Corporate Action6 Oct 2026, 07:20 pm
Tega Industries Gets In-Principle Approval for Share Allotment
AI Summary
Tega Industries Ltd has received in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited for the preferential issuance and allotment of 4,78,435 equity shares of Rs. 10/- each at an issue price of Rs. 1,994/- per share to a non-promoter entity. The approval is subject to the company fulfilling several conditions, including obtaining statutory approvals and strengthening internal controls to monitor trades by the proposed allottees. The company must also obtain an undertaking from the allottee(s) regarding no intra-day trading or sale until the allotment date.
Key Highlights
- In-principle approval received from NSE and BSE for preferential share allotment.
- 4,78,435 equity shares to be issued at Rs. 1,994 per share.
- Allotment is to a non-promoter entity.
- Conditions include strengthening internal controls and obtaining allottee undertakings.
- Company advised to prevent contravention of SEBI (ICDR) Regulations.
Price Impact
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