Tega Industries Ltd

Purpose & Resolution

• Special Resolution to approve funds raising via private placement.
• Resolution seeks to raise up to INR 95.40 crore through 4,78,435 new shares.

Offer terms

• 4,78,435 equity shares issued to AP Jupiter Holdings II, Ltd.
• Aggregate issue size up to INR 95.40 crore.
• Issue price INR 1,994 per share (including INR 1,984 premium).
• Proposed allottee AP Jupiter Holdings II, Ltd.
• Post-issue holding for AP Jupiter: 0.63%.
• Floor price INR 1,705.11 per share.
• Valuation: fair value INR 1,636.53 per share.
• New shares to be listed on BSE and NSE; lock-in applicable.
• Authorised persons may finalize terms and private placement letters.
• Price not lower than floor price per ICDR.

Timeline & approval

• Cut-off date for voting eligibility: Aug 19, 2026.
• E-voting window: Aug 23 to Sep 21, 2026.
• Results to be announced by Sep 23, 2026.
• Resolution deemed passed on Sep 21, 2026 if approved.
• Board authorised to finalize terms and related documents.

Shareholding impact

• Post-issue AP Jupiter holding: 0.63%.
• Total post-issue equity shares: 75,606,133; promoter stake ~67.08%.
• No change in control expected; promoter majority remains.
• Proceeds to repay debt and finance working capital.
• No promoters/KMPs subscribing to the issue.
• Counterparty: AP Jupiter Holdings II, Ltd.; private placement.
• Proposed Allottee had no pre-issue shareholding.

Preferential issue details

• Approved preferential issue of 4,78,435 equity shares to AP Jupiter Holdings II, Ltd at Rs 1,994 per share.
• Total consideration up to Rs 95.40 crore subject to regulatory approvals and shareholder approval.
• Issue to be carried out as a preferential issue under ICDR Regulations.
• Shareholders' approval sought by postal ballot via remote e-voting.
• Proposed allottee named AP Jupiter Holdings II, Ltd.
• EOI letter from Proposed Allottee acknowledged.
• Notice of postal ballot to be dispatched to shareholders.

Meeting Details

• Date and time: August 13, 2026 at 5:00 PM IST.
• Type/Mode: Group earnings conference call, virtual.
• Event: Q1 FY27 Earnings Conference Call, organized by MUFG Intime.

Participants

• Tega: Managing Director & Group CEO.
• Tega: Chief Financial Officer.
• Tega: President, Product Management, Global Sales & Marketing.
• Molycop: Chief Operating Officer.
• Molycop: Chief Financial Officer.
• Moderator: MUFG Intime.

Purpose

• Earnings results discussion for Q1 FY27.
• Integration update on Tega–Molycop.
• Investor Q&A session.

Additional Notes

• Conference recording is in progress.
• Transcript enclosed and available on company website.

Meeting Details

• Board meeting scheduled for August 22, 2026; time and venue not disclosed.

Key Agenda Items

• Approve fundraising through a preferential issue of equity shares, subject to shareholders' approval.
• Consider and potentially approve postal ballot for the fund-raise.
• If approved, dispatch postal ballot notice to members.

Other Notes

• Trading window closed for Designated Persons and relatives from Aug 19 to 48 hours after Aug 22, 2026.

Overview

• Postal Ballot by Tega Industries for 21 related party resolutions and governance items.
• Cut-off date Aug 14, 2026; e-voting Aug 20–Sep 18; results by Sep 22, 2026.
• Items 1–18 are ordinary; Items 19–20 are special; Item 21 ordinary.
• Related parties abstain from voting on Items 1–18.

Resolutions (1–18)

• Item 1 (Ordinary): CSC Australia with PT Commonwealth Indonesia INR 416 crore.
• Item 2 (Ordinary): CSC Australia with Molycop Singapore INR 870 crore.
• Item 3 (Ordinary): CSC Australia with Grinding Media Inc INR 186 crore.
• Item 4 (Ordinary): PT Commonwealth Indonesia with Molycop Singapore INR 542 crore.
• Item 5 (Ordinary): Moly-Cop USA LLC with Grinding Media Inc INR 345 crore.
• Item 6 (Ordinary): Moly-Cop Adesur S.A. with Molycop Singapore INR 1060 crore.
• Item 7 (Ordinary): Moly-Cop Adesur S.A. with Grinding Media Inc INR 267 crore.
• Item 8 (Ordinary): Moly-Cop Canada with Molycop Singapore INR 1,065 crore.
• Item 9 (Ordinary): Moly-Cop Canada with Grinding Media Inc INR 656 crore.
• Item 10 (Ordinary): Moly-Cop Chile S.A. with Molycop Mexico INR 755 crore.
• Item 11 (Ordinary): Moly-Cop Chile with Santa Ana Bolueta Grinding INR 188 crore.
• Item 12 (Ordinary): Moly-Cop Chile S.A. with Molycop Singapore INR 1,065 crore.
• Item 13 (Ordinary): Moly-Cop Chile with Grinding Media Inc INR 468 crore.
• Item 14 (Ordinary): Mexico S.A. de C.V. with Molycop Singapore INR 405 crore.
• Item 15 (Ordinary): Molycop Mexico with Grinding Media Inc INR 292 crore.
• Item 16 (Ordinary): Santa Ana Bolueta Grinding Media with Molycop Singapore INR 244 crore.
• Item 17 (Ordinary): Molycop Singapore with Grinding Media Inc INR 291 crore.
• Item 18 (Ordinary): Tega MC SG Investments III with Moly-Cop Mexico INR 191 crore.

Governance actions

• Item 19 (Special): Re-appointment of Ashwani Maheshwari as Independent Director for 5 years.
• Item 20 (Special): Creation of pledge/security on material subsidiary shares; asset-disposal thresholds.
• Item 21 (Ordinary): Office of Profit for Mr Mehul Mohanka as CEO of Molycop Group.

Voting mechanics & abstentions

• Items 1–18: related parties abstain from voting per SEBI Listing Regulations.
• E-voting window: 20 Aug 2026 to 18 Sep 2026; Scrutinizer: Atul Kumar Labh; results by 22 Sep 2026.
• Notice hosted on tegaindustries.com and Instavote; final decision by Scrutinizer.

Earnings call audio posted

• Audio recording of the earnings call for the quarter ended June 30, 2026 uploaded on the company website.

Issue Overview

• Type: Preferential issue; securities: Equity shares.
• Total issue size revised downward; net proceeds updated accordingly.
• Objectives: Acquisitions and inorganic growth opportunities.

Utilisation of Proceeds

• Utilisation as per offer document: Yes.
• Deviations: Not applicable.
• Status: Fully utilised for Molycop acquisition; end-quarter balance Nil.
• Unutilised funds: Nil; no idle funds.

Governance and Compliance

• Approvals: All statutory approvals obtained; in-principal stock exchange and MCA approvals.
• Material events: Molycop acquisition funded; proceeds routed via SPV.

General Corporate Purpose

• GCP utilisation: None; certificate confirms zero deployment.
• Board approval for GCP allocation: Not applicable.