Tega Industries Limited's board of directors, at its meeting held on May 18, 2026, approved two significant resolutions aimed at advancing the company's proposed acquisition of Molycop. The meeting commenced at 12:10 Hrs and concluded at 13:10 Hrs. These approvals are in furtherance of disclosures previously made by the company on November 29, 2025, and February 12, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Borrowing Facility for Molycop Acquisition Financing

The board approved the execution of a facility agreement for availing a borrowing facility of up to INR 1,500 Crores (Rupees One Thousand Five Hundred Crores Only) from Standard Chartered Bank and certain other banks and financial institutions (collectively referred to as the "Lenders"). The facility is intended to finance the proposed acquisition of Molycop, including by enabling Tega MC Investment Pte. Ltd. ("Tega HoldCo") to further subscribe to the ordinary shares of Tega MC JV Holdings Pte. Ltd., as per the terms of the Share Subscription Agreement (SSA). The company has stated that appropriate disclosures will be made in accordance with the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026, upon execution of the Facility Agreement and other ancillary financing documents.

Investment in Wholly Owned Singapore Subsidiary

The board also approved an investment of up to USD 5,000,000 (United States Dollars Five Million) in Tega MC Investment Pte. Ltd., to be made in one or more tranches through subscription to its optionally convertible redeemable preference shares (OCRPS). The proceeds are intended to enable Tega HoldCo to further subscribe to the ordinary shares of Tega MC JV Holdings Pte. Ltd., in one or more tranches, to meet future contingencies and operational expenses. Pending utilisation of the funds, the same may be invested in money market instruments including dollar denominated money market mutual funds, deposits in banks, or any other investments as permitted under applicable law.

The key details of the investment, as disclosed pursuant to Regulation 30 of the SEBI Listing Regulations, are summarised below:

Background on Tega MC Investment Pte. Ltd.

Tega MC Investment Pte. Ltd. is a recently incorporated wholly owned subsidiary of Tega Industries, based in Singapore, with a date of incorporation of November 18, 2025. The entity has not generated any turnover to date. As a wholly owned subsidiary, the proposed investment in its OCRPS falls within the ambit of a related party transaction; however, the company has stated that the investment will be conducted on an arm's length basis and based on internationally accepted pricing methodology. The number of shares to be subscribed shall be determined in accordance with the price per share, which will also be decided based on internationally accepted pricing methodology. Tega HoldCo is presently a wholly owned subsidiary of the company and will remain as such post the proposed investment.

Disclosure and Compliance

The intimation has been made under Regulation 30 of the SEBI Listing Regulations, and the above information has been made available on the company's website at www.tegaindustries.com . The disclosures were signed by Manjuree Rai, Company Secretary & Compliance Officer (Membership No. A12858), on May 18, 2026. The company has indicated that further disclosures will be made as and when the Facility Agreement and related financing documents are executed, in compliance with applicable SEBI regulations and the Master Circular.

Tega Industries Limited has announced a significant change in its senior management with the resignation of Mr. Sharad Kumar Khaitan as Chief Financial Officer (CFO). The Board of Directors accepted his resignation at their meeting held on April 24, 2026. Mr. Khaitan will be relieved from his duties effective from the close of business hours on May 05, 2026, as he pursues other opportunities outside the Tega Group.

Resignation Details

Mr. Khaitan's resignation marks the end of his tenure as CFO and Key Managerial Personnel authorised for determining materiality of events for disclosures to Stock Exchanges under Regulation 30(5) of the SEBI Listing Regulations. The Company has expressed sincere appreciation for his valuable services and contributions during his time with the Tega Group.

Interim CFO Appointment

To ensure continuity in financial leadership, the Board has appointed Mr. Shyama Prasad Ganguly as Interim CFO and Key Managerial Personnel, effective from May 06, 2026. Mr. Ganguly, who currently serves as General Manager - Finance & Accounts, will hold this position until a new CFO is appointed by the Board.

Profile of Shyama Prasad Ganguly

The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed information regarding these changes has been submitted to both BSE Limited and National Stock Exchange of India Limited, and is available on the Company's website at www.tegaindustries.com .

Regulatory Compliance

The intimation has been submitted pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended. The resignation and appointment details have been enclosed as Annexure-A and Annexure-B respectively, as required under the regulations and SEBI Master Circular dated January 30, 2026.

The Company has made this information available on its official website and requested the stock exchanges to take the information on record. The registered office of Tega Industries Limited is located at Godrej Waterside, Tower-II, Office No 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata, West Bengal 700 091.

Company Information

Tega Industries Limited is an ISO 9001:2015 certified company with CIN L25199WB1976PLC030532. The Company can be contacted at +91 33 4093 9000 or via fax at +91 33 4093 9075. The Company Secretary & Compliance Officer, Manjuree Rai (Membership No. A12858), signed the regulatory filing on April 24, 2026 at 20:15:52 +05'30'.

The Board expressed gratitude to Mr. Khaitan for his contributions and wished him success in his future endeavours. The appointment of Mr. Ganguly as Interim CFO ensures continued financial stewardship during the transition period until a permanent CFO is appointed.

Key Dates Summary