Tega Industries Ltd

Tega Industries Ltd announced that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), has received a favourable order from the Hon'ble Calcutta High Court. This order, dated October 14, 2026, and clarified by a rectification order on October 15, 2026, sets aside reassessment proceedings initiated by the Assistant Commissioner of Income Tax for Assessment Year 2017-18. The original tax demand, including interest, amounted to ₹13,78,92,170/-. The High Court's decision challenges the validity and maintainability of these proceedings. The company stated that the order is favourable and is expected to support TMML's position in similar matters, with no immediate quantifiable impact on financial or operational activities.

Tega Industries Limited has announced the allotment of 4,78,435 equity shares, each with a face value of Rs. 10, through a preferential issue on a private placement basis. The shares were issued at a price of Rs. 1994/- per share, including a premium of Rs. 1984/-, to AP Jupiter Holdings II, Ltd., a non-promoter entity. The total amount raised aggregates to Rs. 95,39,99,390/- (approximately Rs. 95.40 Crores). This allotment increases the company's paid-up equity share capital from Rs. 75,12,76,980/- to Rs. 75,60,61,330/-. The company will seek listing and trading approval for these new shares from the stock exchanges.

Tega Industries Ltd announced an inter-se transfer of 21,62,891 equity shares (representing ~99.96% of total paid-up capital) within the promoter group via gift to Mehul Mohanka Benefit Trust. This transfer, involving individuals like Ms. Manju Mohanka and Mr. Madan Mohan Mohanka, occurred on October 8-9, 2026. While this constitutes a significant change in shareholding within the promoter family, it does not alter the control or management of the Target Company. The holding of NFSPL, a promoter of the Target Company, remains at 49.88%. This transaction is pursuant to an exemption granted by SEBI.

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.

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 October 01, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter and half-year ending September 30, 2026. This measure is standard practice to prevent potential insider trading ahead of financial results.

Tega Industries Ltd announced that its indirect step-down subsidiary, Moly-Cop Canada, has received a favorable finding from the Canadian International Trade Tribunal (CITT). The CITT ruled that the dumping and subsidizing of forged grinding media from China have not caused injury but are threatening to cause injury to the domestic industry. Consequently, anti-dumping and countervailing duties will be collected by the Canada Border Services Agency. Tega Industries believes this development could positively impact Moly-Cop Canada's business prospects, subject to market conditions and the implementation of trade measures.

Tega Industries Ltd announced that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), has entered into a contract worth INR 126 crore with Kalpataru Projects International Limited. The contract, to be executed over 14 months, covers design, engineering, manufacturing, supply, and commissioning of equipment. This development is considered a significant business update for Tega Industries, highlighting the operational progress of its subsidiary.

Tega Industries Ltd has responded to a clarification sought by the BSE regarding an increase in trading volume. The company stated that it has consistently provided all material information, including price-sensitive data, as required by SEBI (LODR) Regulations, 2015. Tega Industries confirmed that no further price-sensitive information that could impact the stock's price or volume behavior is pending disclosure from their end. The company has requested the BSE to take this intimation on record.

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.

Tega Industries Ltd announced the incorporation of a new step-down subsidiary, Tega Molycop Management Consultancy L.L.C., in Dubai. This new entity, wholly owned by its subsidiary Tega MC Global Holdings Pte. Ltd., will focus on Marketing Research & Consultancies, Management Consultancies, and Human Resources Consultancies. The subsidiary has a capital of AED 100,000 and is yet to commence business operations, thus its size and turnover are not applicable. This move is considered a related party transaction and is expected to support the company's consultancy services.