Tega Industries Updates Preferential Issue Utilization & Pricing

Tega Industries Ltd has provided an update on its preferential issue of Equity Shares, detailing the utilization of proceeds and clarifying the pricing mechanism. The company will predominantly use the funds for partial repayment of existing borrowings (₹75.40 crores) and working capital requirements (₹20.00 crores), with tentative timelines for utilization. The issue price has been set at ₹1,994 per share, which is higher than the minimum floor price of ₹1,705.11 determined as per SEBI ICDR Regulations and also above the fair value of ₹1,635.94 per share determined by a registered valuer. This pricing is consistent with a previous preferential issue in October 2025.