Tega Industries Ltd

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.

Tega Industries Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from July 01, 2026, until 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent potential insider trading ahead of financial disclosures.

Tega Industries Ltd has announced the successful voluntary de-registration of its wholly-owned subsidiary, Tega Industries Australia Pty Ltd. The Australian Securities & Investments Commission (ASIC) completed the deregistration effective June 02, 2026. This action was part of a previously approved plan to reduce the subsidiary's share capital by returning capital to the parent company. Tega Industries confirmed that the Australian subsidiary was not material and its deregistration will not impact the company's overall business operations.

Tega Industries Limited, in consortium with Apollo Funds, has successfully completed the acquisition of Molycop, a global supplier of grinding media for the mining industry. The transaction was valued at an enterprise value of approximately USD 1.5 billion. This acquisition marks a significant milestone for Tega, especially in its 50th anniversary year, positioning the combined entity as a leading global designer and manufacturer of critical consumables for the mining sector. The integration is expected to enhance Tega's product portfolio, expand its global manufacturing footprint to 26 sites, and offer comprehensive mill optimization solutions to customers worldwide. Tega will be the controlling shareholder, with Apollo Funds holding a significant minority stake.

Tega Industries Limited has successfully completed the acquisition of Molycop group, a global supplier of grinding media to the mining industry. The transaction, valued at approximately USD 1.5 billion enterprise value, involved Tega's wholly-owned subsidiary, Tega MC Investment Pte. Ltd., acquiring ~84.2% of Tega MC JV Holdings Pte. Ltd. (SG Company) for USD 394,295,423. Apollo Funds acquired the remaining ~15.8%. This strategic acquisition aims to position Tega Industries as a leading global player in critical consumables for the mining sector, offering a comprehensive product portfolio across the value chain. The acquisition is expected to enhance Tega's product offerings, R&D capabilities, and global supply chain.

Tega Industries Ltd has announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors recommended a final dividend of ₹2 per equity share (20%) subject to shareholder approval at the AGM scheduled for September 24, 2026. The record date for determining dividend entitlement is set as September 14, 2026. The auditor's report by Walker Chandiok & Co LLP expressed an unmodified opinion on the financial results.

Tega Industries Ltd's Board of Directors, in a meeting on May 29, 2026, approved a final dividend of ₹2 per equity share (20%) for the financial year ended March 31, 2026. This is subject to the declaration by members at the 50th Annual General Meeting scheduled for September 24, 2026. The record date for determining entitlement to the dividend is set as September 14, 2026. The board also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, with an unmodified opinion from the statutory auditors, M/s. Walker Chandiok & Co LLP.

Tega Industries Ltd has re-appointed BDO India LLP as its Internal Auditor for the Financial Year 2026-27. The decision was made by the Board of Directors on May 29, 2026, based on the recommendation of the Audit Committee. BDO India LLP is a professional services firm providing Tax, Assurance, Accounting, Outsourcing, Advisory, and Technology-led Services. They are not related to any of the Directors of the Company.

Tega Industries Ltd has announced its audited financial results for the fiscal year ended March 31, 2026. The company's revenue from operations stood at ₹8,950.96 million, with a profit after tax (PAT) of ₹1,554.17 million. The Board of Directors has recommended a final dividend of ₹2 per equity share (20%) of face value ₹10 each, subject to shareholder approval at the AGM scheduled for September 24, 2026. The record date for determining entitlement to the dividend is set as September 14, 2026. The statutory auditors, M/s. Walker Chandiok & Co LLP, have issued an unmodified opinion on the financial results.

Tega Industries Ltd has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹2 per equity share (20%) of face value of ₹10 each for the financial year ended March 31, 2026, subject to the approval of the members at the 50th Annual General Meeting scheduled for September 24, 2026. The record date for determining entitlement to the final dividend is set as September 14, 2026. The Statutory Auditors, M/s. Walker Chandiok & Co LLP, have issued an unmodified opinion on the audited financial results.