Tega Industries Limited (NSE: TEGA, BSE: 543413) has announced a conference call scheduled for September 12, 2025, at 10:00 AM IST to discuss its proposed acquisition of Molycop in consortium with Apollo Funds. The company, which specializes in the design and production of consumables for the global mineral beneficiation, mining, and bulk solids handling industry, made this announcement to stock exchanges on September 10, 2025.

Conference Call Details

The conference call, organized on short notice, aims to provide investors and analysts with updates on this significant development. Key participants in the call will include:

• Mr. Mehul Mohanka - Managing Director & Group CEO
• Mr. Sharad Khaitan - Chief Financial Officer

Purpose and Scope

According to the company's filing, the call will focus on updating stakeholders about the proposed acquisition of Molycop. Discussions during the call will be based on publicly available information, ensuring transparency and compliance with regulatory requirements.

Registration and Access

Interested participants can access the call through the following means:

• Diamond Pass Pre-registration Link: Available for convenient access
• Primary Contact Numbers: +91 22 6280 1550 and +91 22 7115 8378
• International Toll-Free Numbers:
  • Hong Kong: 800 964 448
  • Singapore: 800 101 2045
  • USA: 1 866 746 2133
  • UK: 0 808 101 1573

Significance of the Acquisition

The proposed acquisition of Molycop, in consortium with Apollo Funds, represents a potentially significant move for Tega Industries. While specific details of the acquisition are yet to be disclosed, this development could have substantial implications for the company's market position and future growth strategies.

Investor Relations

For further information or assistance regarding the conference call, investors and analysts can contact:

Mr. Bhavya Shah MUFG Intime – IR Contact: +91 8082748577 Email: bhavya.shah@in.mpms.mufg.com

This conference call underscores Tega Industries' commitment to keeping its stakeholders informed about major corporate developments. Investors and market analysts will be keenly watching for details about the strategic rationale behind the acquisition, potential synergies, and the expected impact on Tega's business operations and financial performance.

As the mineral processing and mining industry continues to evolve, strategic moves such as this proposed acquisition could play a crucial role in shaping the competitive landscape. Stakeholders are encouraged to participate in the conference call to gain insights into Tega Industries' expansion plans and future outlook.

Tega Industries , a leading manufacturer of specialized 'critical to operate' products for the mining industry, has announced significant strategic moves that are set to reshape its market position and global footprint.

Fundraising Exploration

The company's Board of Directors has scheduled a meeting for September 13 to evaluate proposals for raising funds through various means. These include the issuance of equity shares, debt securities, and other eligible securities through permissible modes such as private placement, preferential allotment, or qualified institutions placement.

Strategic Acquisition of Molycop

In a major development, Tega Industries, in consortium with funds managed by affiliates of Apollo Global Management, has entered into a term sheet to acquire Molycop, a global leader in grinding media for the mining industry. The acquisition is valued at an enterprise value of approximately USD 1.50 billion.

Key Highlights of the Acquisition:

• Complementary Strengths: The acquisition will combine Tega's expertise in polymer mill lining with Molycop's leadership in grinding media, creating a comprehensive solution provider for the comminution circuit in mining operations.

• Global Footprint: The combined entity will have a presence in over 40 countries, with 26 manufacturing sites strategically located near customer operations.

• Financial Impact: Post-acquisition, the consolidated entity is expected to generate revenues of approximately USD 1.73 billion (INR 15,207.00 crore) and EBITDA of USD 217.00 million (INR 1,906.00 crore), based on the latest available annual audited financial statements.

• Ownership Structure: Tega Industries will be the controlling shareholder, owning approximately 77% of Molycop, with Apollo Funds holding the remaining 23%.

Synergies and Growth Opportunities

The acquisition is expected to unlock significant synergies:

1. Complementary Product Portfolio: Tega's mill liners and wear products will complement Molycop's grinding media and flotation chemicals.

2. Enhanced Global Presence: The combined entity will have a stronger presence in key mining regions worldwide.

3. Operational Efficiencies: Potential for cost synergies in manufacturing, R&D, and SG&A.

4. Integrated Solutions: Ability to offer complete mill optimization solutions, potentially increasing market share and customer value.

Financing the Acquisition

Tega Industries plans to fund the acquisition through a mix of equity and debt. The company is considering raising approximately USD 248.00 million (INR 2,179.00 crore) in equity, with additional corporate debt of about USD 113.00 million.

Market Impact and Future Outlook

This strategic move positions Tega Industries as a comprehensive solutions provider in the mining consumables sector. The expanded product range and global reach are expected to strengthen the company's competitive position and drive long-term growth.

Mehul Mohanka, Managing Director and Group CEO of Tega Industries, commented, "This strategic acquisition, in partnership with Apollo Funds, will accelerate innovation, greatly expand our market reach, and create significant value for our customers."

The transaction is expected to close by December 31, 2025, subject to customary closing conditions and regulatory approvals.

Tega Industries' shares will be closely watched by investors as the company embarks on this transformative journey, potentially reshaping the landscape of the mining consumables industry.