Tega Industries Limited declared a final dividend of ₹2 per equity share for FY26 during its 50th Annual General Meeting held on September 24, 2026. The payout represents a 20% return on the face value of ₹10 per share.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, commenced at 10:30 am. Madan Mohan Mohanka, Chairman and Non-Executive Director, chaired the session. The Company Secretary, Manjuree Rai, confirmed compliance with Ministry of Corporate Affairs circulars regarding the virtual format.

Key resolutions adopted

Shareholders approved several critical items, including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Additionally, the board’s recommendation to re-appoint Madan Mohan Mohanka as a director retiring by rotation was accepted.

A special resolution was also passed to approve the remuneration payable to Madan Mohan Mohanka in his capacity as Chairman and Non-Executive Director. Mehul Mohanka, Managing Director and Group CEO, addressed member queries following the presentation of agenda items.

Voting and participation details

The company provided remote e-voting facilities from September 21 to September 23, 2026. Members attending the meeting virtually could also cast votes through an electronic voting system if they had not voted remotely. Twelve registered speakers were given the opportunity to ask questions or seek clarifications on the notice items.

The voting results, along with the scrutinizer's report, will be uploaded to the company website and submitted to the stock exchanges where the shares are listed. The meeting concluded at 12:10 pm.

Tega Industries Limited announced that its shareholders approved a special resolution to raise funds through a preferential issue on a private placement basis. This approval was part of a postal ballot process concluded on September 21, 2026.

The company declared the results pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015. The voting period for remote e-voting ran from August 23, 2026, to September 21, 2026. A total of 54,465 shareholders were on record as of August 19, 2026, for this specific resolution.

Preferential Issue Approval Details

The newly approved resolution sought consent for raising capital through a preferential issue. The vote saw strong support across all shareholder categories:

• Promoters and Promoter Group: Voted 100% in favour.
• Public Institutions: Voted 99.57% in favour, with 0.43% against.
• Public Non-Institutions: Voted 99.94% in favour, with 0.06% against.

Overall, the resolution passed with 99.91% of the votes polled in favour. Only 63,443 votes were cast against the proposal out of 66,947,156 votes polled.

Previous Postal Ballot Approvals

This approval follows a separate postal ballot held earlier in September 2026, where shareholders approved 21 resolutions. Those approvals covered material related party transactions, director re-appointments, and subsidiary asset management. The voting period for that earlier ballot ran from August 20, 2026, to September 18, 2026, with a record date of August 14, 2026, and 54,603 shareholders on record.

The majority of those earlier resolutions sought approval for material related party transactions between various step-down subsidiaries of Tega Industries. These entities include Commonwealth Steel Company Pty Ltd, PT Commonwealth Steel Indonesia, Molycop Singapore Trading Pte. Ltd., Grinding Media Inc., Moly-Cop USA LLC, Moly-Cop Adesur S.A., Moly-Cop Canada, Moly-Cop Chile S.A., Moly-Cop Mexico S.A. de C.V., and Santa Ana de Bolueta Grinding Media S.A.U.

Additionally, shareholders passed two special resolutions in that earlier ballot:

• Re-appointment of Ashwani Maheshwari as Independent Director for a second term of five years.
• Approval for creating pledge or security interest on shareholding of Material Subsidiary and sale, disposal, or leasing of assets of Material Subsidiaries.

One ordinary resolution approved Mehul Mohanka, Managing Director & Group CEO, holding an office or place of profit in a step-down subsidiary company.

Voting Results Overview

The following table summarizes the voting outcomes for key categories of resolutions from both ballots:

For the re-appointment of Ashwani Maheshwari, 66,908,520 votes were cast in favour against 84,204 votes against. The promoter group voted entirely in favour. Public institutions recorded 99.42% support, while public non-institutions showed 99.94% support.

Regarding the approval for Mehul Mohanka’s office in a step-down subsidiary, public institutions voted 91.36% in favour, with 8.64% against. This was the only resolution where institutional opposition exceeded 1%. Promoters voted 100% in favour.

What the Numbers Show

The combined voting data reveals consistent shareholder alignment on strategic corporate actions. While routine operational approvals like related party transactions received near-unanimous support (over 99.9%), governance-related items saw slightly higher dissent. Specifically, the resolution allowing the MD to hold an office in a step-down subsidiary faced 1.87% opposition overall, driven primarily by institutional investors who opposed it at a rate of 8.64%. In contrast, the new preferential issue received overwhelming institutional support (99.57% in favour), suggesting that investors are more receptive to capital raising activities than to executive role overlaps within the group structure.