Tega Industries Limited has published newspaper advertisements regarding its postal ballot notice for seeking shareholder approval for the re-appointment of Mr. Jagdishwar Prasad Sinha as an Independent Director. The company filed the newspaper publication intimation under Regulation 30 of SEBI Listing Regulations on March 20, 2026.

Newspaper Publication Details

The company published the postal ballot notice and e-voting information in newspapers on March 20, 2026, as part of regulatory compliance requirements. The advertisements appeared in both English and regional language publications to ensure wider reach among shareholders.

E-voting Schedule and Process

The postal ballot notice dated February 12, 2026 seeks approval through a Special Resolution for Mr. Sinha's re-appointment as Independent Director for a second term. The company has engaged MUFG Intime India Private Limited as the Registrar and Share Transfer Agent to provide the e-voting facility.

Director Re-appointment Proposal

Mr. Jagdishwar Prasad Sinha (DIN: 02345086) was initially appointed as an Independent Director for a five-year term from May 01, 2021 to April 30, 2026. The Nomination & Remuneration Committee recommended his re-appointment on January 13, 2026, based on his performance evaluation and contributions during his current tenure.

The proposed re-appointment is for a second term of five consecutive years commencing from May 01, 2026 till April 30, 2031. Mr. Sinha will not be liable to retire by rotation and will be entitled to sitting fees and profit-related commission as approved by the Board.

Regulatory Compliance and Accessibility

The postal ballot notice has been circulated through email to members whose email addresses are registered with the company, MUFG Intime, or Depositories. Members can access the notice on the company's website and the e-voting platform at https://instavote.linkintime.co.in .

The resolution, if approved by the requisite majority, will be deemed passed on April 18, 2026. The results along with the Scrutinizer's report will be communicated to NSE and BSE, where the company's shares are listed, and displayed at the registered office.

Tega Industries Limited's board has approved a comprehensive financing structure to support its proposed acquisition of Molycop, marking a significant step in the company's expansion strategy. The board meeting held on February 12, 2026, resulted in the approval of substantial borrowing facilities and strategic investments in subsidiaries, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Approvals and Financial Structure

The board has sanctioned a multi-faceted approach to finance the Molycop acquisition through three key components:

The borrowing facility of up to INR 15,00,00,00,000 will be procured from one or more scheduled commercial banks on terms and conditions to be finalized. This facility forms the cornerstone of the financing strategy for the proposed acquisition.

Investment in Tega MC Investment Pte. Ltd.

Tega Industries will make substantial investments in Tega MC Investment Pte. Ltd. (Tega HoldCo), its wholly owned subsidiary incorporated in Singapore on November 18, 2025. The investment structure includes:

• Preference Shares: Up to INR 35,17,00,00,000 through subscription to optionally convertible redeemable preference shares
• Ordinary Shares: Up to INR 1,00,00,000 by subscribing to ordinary shares

Tega HoldCo, recently incorporated as a wholly owned subsidiary, has not yet commenced business operations and has not generated any turnover to date. The entity operates in the grinding media for mining industry and related products sector through the companies proposed to be acquired under the Molycop transaction.

New Indian Subsidiary Formation

The company has approved the incorporation of a new wholly owned subsidiary in India (India WoS) with an investment of up to INR 99,00,00,000. The subsidiary structure includes:

The India WoS will focus on management consultancy activities and grinding media for the mining industry, enabling further investment into Tega HoldCo in accordance with applicable laws.

Regulatory Compliance and Documentation

The company has filed the necessary disclosures under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing includes comprehensive annexures detailing investment particulars for both Tega HoldCo and the proposed Indian subsidiary.

All proposed investments will be conducted on an arms' length basis using internationally accepted pricing methodology. The transactions fall within the ambit of related party transactions since Tega HoldCo is a wholly owned subsidiary of the company. The company will make necessary filings under applicable law, including Form FC under foreign exchange regulations in India.

Transaction Timeline and Strategic Impact

The Molycop acquisition is expected to close by March 31, 2026, subject to satisfaction of certain conditions with an outer timeline of 12 months as previously disclosed on November 29, 2025. The proceeds from these investments will enable Tega HoldCo to finance the proposed acquisition, including associated transaction expenses.

Pending utilization of funds for the acquisition, Tega HoldCo may invest in money market instruments including dollar denominated money market mutual funds, deposits in banks, or other permitted investments under applicable law. The company will make appropriate disclosures in accordance with listing regulations as transaction documents are finalized and executed, ensuring full regulatory compliance throughout the acquisition process.