Tega Industries shareholders approve strategic financial resolutions

Tega Industries Limited announced on October 13, 2025, that all five special resolutions presented at its extraordinary general meeting (EGM) on October 10, 2025, were passed with the requisite majority. The EGM saw 54 shareholders participating. The resolutions were approved through a combination of remote e-voting and e-voting at the EGM.

Key approvals include increasing investment limits in other bodies corporate under Section 186 of the Companies Act, 2013, and enhancing the company's borrowing powers under Section 180(1)(c). Shareholders also approved the creation of hypothecation, mortgage, pledge, or other encumbrances on company properties for borrowings under Section 180(1)(a).

Furthermore, the EGM sanctioned the raising of funds through the issuance of equity shares, debt securities, and/or other eligible securities via permissible modes, including private placement and qualified institutions placement. A specific resolution for a preferential issue of securities to certain investors on a private placement basis was also passed. These approvals enable Tega Industries to pursue its strategic growth initiatives and strengthen its financial position.