Tega Industries Limited has updated the participant list for its earnings conference call scheduled for June 02, 2026, to discuss the operational and financial performance for the quarter and financial year ended March 31, 2026. The company announced that Mr. Lance Dawber, COO of Molycop, and Mr. Patrick Koley, CFO of Molycop, will join the previously intimated management participants. The call is set to take place at 5:30 PM IST.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows an earlier intimation dated May 26, 2026, regarding the earnings call. All other details regarding the event remain unchanged.

The earnings call will feature key executives from Tega Industries, including Mr. Mehul Mohanka, MD & Group CEO, and Mr. Shyama Prasad Ganguly, Interim CFO. The inclusion of Molycop's leadership suggests a focus on the partnership or operational integration between the entities.

Participants can access the call via various domestic and international dial-in numbers. The company has provided a pre-registration link for the Diamond Pass and designated contacts for RSVP with MUFG Intime – IR.

Earnings Call Details

Access Numbers

Tega Industries Limited has completed the acquisition of Molycop, a leading global supplier of grinding media for the mining industry, in consortium with funds managed by affiliates of Apollo. The transaction, which closed on June 01, 2026, was executed at an enterprise value of approximately USD 1.5 billion. This strategic move positions the combined business as one of the world's leading designers and manufacturers of critical-to-operate consumables for the mining, minerals processing, and material handling industries.

Transaction Structure and Financial Terms

The acquisition was structured through Tega MC Investment Pte. Ltd., a wholly owned subsidiary of Tega Industries, and AP Jupiter Holdco (SG) Pte. Ltd., representing the Apollo Funds. The key financial details of the transaction are outlined below:

The enterprise valuation was based on a "locked box" approach using the audited balance sheet of Molycop as of June 30, 2025. The sellers are entitled to a contingent payment of up to USD 120 million, payable within 45 months if Molycop achieves specified performance metrics.

Strategic Impact and Integration

With the transaction closed, Tega Industries is the controlling shareholder of Molycop, with the Apollo Funds owning a significant minority equity interest. The company's priority in the first 8 quarters will be operational and business integration. The addition of Molycop's 13 manufacturing facilities, along with 3 active joint ventures and 1 potential joint venture, brings the combined entity closer to its customers with a presence in 26 global manufacturing sites. Tega's established presence in Europe, the Middle East, the Commonwealth of Independent States, Latin America, and Africa will be bolstered by Molycop's activities in the US, Canada, Latin America, and Australia.

Financial and Operational Details

The Molycop group brings a comprehensive portfolio of products, including grinding media for semi autogenous grinding (SAG) mills and ball mills, which are critical to mineral extraction. The acquisition provides Tega Industries access to Molycop's global network, covering 400+ mines in 40 countries, and complementary patented products. The integration is expected to enhance the company's R&D capabilities and supply chain, allowing it to offer a complete basket of solutions covering the entire mining value chain.

Transaction Advisors

The transaction involved a distinguished set of advisors across legal, financial, and regulatory domains: