Tega Industries Limited has executed a rupee facility agreement with a consortium of lenders to secure funding of up to INR 1,500 Crores. The agreement was signed on May 22, 2026, with Standard Chartered Bank acting as the Sole Mandated Lead Arranger, Underwriter & Bookrunner, alongside Axis Bank Limited and Export-Import Bank of India. The facility is intended to finance the proposed acquisition of Molycop, a strategic move previously disclosed by the company on November 29, 2025, February 12, 2026, and May 18, 2026.

Facility Agreement Details

The borrowing arrangement is structured as a Term Loan Facility. As of the execution date, the total amount outstanding under the facility is Nil. The agreement includes the execution of ancillary security documents customary for financing arrangements of this nature. The facility will be secured by customary security interests, including mortgage, hypothecation, pledge, share charge, and non-disposal undertaking over certain identified assets of the company and its subsidiaries. These assets include immovable properties, movable and current assets, designated reserve account assets, and investments in identified subsidiaries.

Lender and Security Information

Catalyst Trusteeship Limited has been appointed as the Facility Agent for the transaction. The significant terms of the agreement include standard representations, warranties, covenants, undertakings, events of default, and mandatory prepayment provisions typical for such financing. The company confirmed that the lenders are not related to the promoter or promoter group, and the transaction does not fall within related party transactions.

Regulatory Disclosures

The intimation regarding the execution of the Facility Agreement was submitted to the stock exchanges on May 23, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were signed by Manjuree Rai, Company Secretary & Compliance Officer. The company has made the information available on its website and will continue to make necessary disclosures as per the SEBI 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