Tega Industries board approves fundraise of up to INR 4,000 crores

Tega Industries' board of directors, at a meeting held on September 13, 2025, approved a resolution to raise funds not exceeding INR 4,000 crores. This capital infusion will be achieved through the issuance of various securities, including equity shares and/or other convertible securities such as warrants, fully convertible debentures, or partly convertible debentures. The issuance may occur in one or more tranches.

The company plans to conduct the fundraise through multiple permissible modes, including a public issue, preferential allotment, private placement, or Qualified Institutions Placement (QIP). The specific type and terms of issuance will be determined by the board at the relevant stage, subject to shareholder and regulatory approvals.

Additionally, the board approved an increase in the limits for investments, loans, guarantees, or other financial comforts to other bodies corporate and/or persons, not exceeding INR 4,000 crores, over existing limits specified in Section 186 of the Companies Act, 2013. The board also increased the company's borrowing power by INR 2,000 crores beyond Section 180(1)(c) limits and approved the hypothecation/mortgage/pledge of company properties.