Tega Industries announces ₹2,000 crore preferential share issue

Tega Industries Limited's board of directors approved the creation, issue, and offer of 10,033,090 equity shares at a meeting on September 18, 2025. These shares, with a face value of ₹10 each, will be issued through a preferential offering on a private placement basis at an issue price of ₹1,994 per share (including a premium of ₹1,984), totaling up to ₹2,000.60 crore. This move is in accordance with SEBI ICDR Regulations and is subject to regulatory and shareholder approvals.

The preferential issue targets a diverse group of identified investors, including promoters, promoter groups, institutional buyers such as Tata Mutual Fund and Bandhan Mutual Fund, as well as several individuals and body corporates. Notable allottees include Nihal Fiscal Services Private Limited (₹44.00 Cr), Tata Mutual Fund (₹500.00 Cr), and Bandhan Mutual Fund (₹210.00 Cr).

To secure the necessary shareholder consent for this preferential issue, an extra-ordinary general meeting (EGM) is scheduled for Friday, October 10, 2025, at 11:00 a.m. at Mini Auditorium, Science City, Kolkata. The board noted the expression of interest letters provided by the proposed allottees.