Tega Industries Limited has appointed Ravi Narayan Joshi as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 06, 2026. The appointment was approved by the Board of Directors at a meeting held on the same day, replacing Shyama Prasad Ganguly, who ceases to serve as Interim CFO with immediate effect. This leadership change stabilizes the finance function after an interim period, bringing in a seasoned professional with over 21 years of experience in treasury, fundraising, and financial governance.

The Board authorized Mr. Joshi to determine the materiality of events or information pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This authorization empowers him to make necessary disclosures to the stock exchanges on behalf of the company. The move aligns with regulatory requirements for timely and accurate market communication.

Shyama Prasad Ganguly, who served as Interim CFO from May 06, 2026, to August 06, 2026, will continue to serve the company in his existing capacity as General Manager - Finance & Accounts. The Board placed on record its appreciation for the valuable services rendered by Mr. Ganguly during his tenure as Interim CFO.

Mr. Joshi is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). His extensive career includes roles at Hindustan Zinc Limited, Vedanta Limited, and Balkrishna Industries Limited. He possesses expertise in Treasury, Fund Raising, Structured Financing, Mergers & Acquisitions, Taxation, Accounting, Commercial and Business Finance, Capital Expenditure Control, Cost Management, Product Pricing, and Financial Governance. He has also led oversight of Compliance, Sustainability (ESG), Intellectual Property Rights, and International Subsidiaries.

Updated Key Managerial Personnel

The updated list of Key Managerial Personnel authorized for determining materiality and making disclosures to stock exchanges is detailed below:

The Board meeting commenced at 12:20 hrs and concluded at 13:00 hrs. The disclosure was made under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. The information is available on the company’s website, www.tegaindustries.com .

The First Tax and Customs Tribunal in Chile has dismissed the appeal filed by Tega Chile, a step-down subsidiary of Tega Industries , regarding the disallowance of a tax loss carry forward. The tribunal upheld the position taken by the Chilean tax authorities, Servicio de Impuestos Internos (SII), which had rejected a portion of the accumulated tax losses claimed for the Tax Year 2020 due to insufficient documentation. The disputed carry forward loss corresponds to approximately CLP 3.17 billion, valued at approximately ₹32.32 crores, with an estimated tax exposure of approximately CLP 856 million (approximately ₹8.73 crores).

Details of the Ruling

The SII reviewed the tax loss carry forward claimed by Tega Chile and, via Exempt Resolution No. 897 dated August 21, 2023, disallowed a portion of the claim. While Tega Chile's Voluntary Administrative Reposition (RAV) was partially accepted, the balance claim remained disallowed. Consequently, Tega Chile filed a judicial appeal before the First Tax and Customs Tribunal, Santiago Metropolitan Region. The tribunal received the communication on July 06, 2026, and Tega Industries was informed of the dismissal on July 14, 2026.

Impact and Future Action

Tega Industries stated that it does not foresee any material impact on its financial, operational, or other activities as a result of this ruling. Tega Chile is currently evaluating the order in consultation with its legal and tax advisors and is considering all options, including filing a further appeal against the order. The company disclosed that no violation or contravention has been alleged against Tega Chile, as the matter pertains strictly to the allowability of the tax loss based on documentation.