Tega Industries Updates EGM Notice: Valuation Details and Preferential Issue Insights

Tega Industries has recently made significant updates to its Extraordinary General Meeting (EGM) notice, providing crucial information about its upcoming preferential issue of shares. The company has clarified several key points in response to requirements from the National Stock Exchange (NSE), offering investors a clearer picture of the proposed share allotment.

Valuation and Pricing Details

Tega Industries has obtained a valuation report from Mr. Neeraj Kumar Sureka, an independent registered valuer. According to this report:

The minimum floor price for the preferential issue is set at Rs. 1,993.46 per equity share.
The company has priced the preferential issue at Rs. 1,994.00 per share, slightly above the minimum floor price.

It's worth noting that while a valuation report wasn't mandatory for this issue, Tega Industries obtained one in compliance with its Articles of Association.

Key Subscribers and Allotment Details

Several promoters, directors, and key management personnel have expressed their intention to subscribe to the offer. Here's a breakdown of some notable subscribers:

Subscriber	Category	Designation	Shares to be Allotted
Nihal Fiscal Services Private Limited	Promoter	N.A.	220,661
Mehul Mohanka	Promoter	Managing Director & Group CEO	150,451
Madan Mohan Mohanka	Promoter	Chairman & Non-Executive Director	150,451
Manju Mohanka	Promoter	N.A.	100,300
Madhu Dubhashi	Director	Independent Director	2,006
Sharad Kumar Khaitan	KMP	Chief Financial Officer	2,507

Institutional Investor Participation

Notably, Aditya Birla Sun Life AMC, a prominent asset management company, is set to receive a significant allocation in this preferential issue:

Aditya Birla Sun Life AMC will be allotted 300,902 shares.
This allocation will represent approximately 0.39% of Tega Industries' post-issue shareholding.

Implications and Transparency

This update to the EGM notice demonstrates Tega Industries' commitment to transparency and compliance with regulatory requirements. By providing detailed information about the valuation, pricing, and allotment, the company is ensuring that shareholders and potential investors have a clear understanding of the preferential issue's terms and its potential impact on the company's ownership structure.

The participation of key promoters, directors, and an institutional investor like Aditya Birla Sun Life AMC could be seen as a vote of confidence in the company's future prospects. However, investors should always conduct their own research and consider their individual financial goals before making investment decisions.

Tega Industries has made the full valuation report available on its website, further enhancing transparency for interested parties. As the EGM approaches, shareholders will have the opportunity to review these updates and make informed decisions regarding the proposed preferential issue.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.70%	+3.02%	-1.08%	+50.38%	-1.28%	+168.95%

Tega Industries Limited has announced significant changes to its proposed preferential issue and upcoming Extraordinary General Meeting (EGM), as approved by its Board of Directors on September 26, 2025.

Modifications to Preferential Issue Allottees

The company has made alterations to the list of proposed allottees for its preferential issue, which maintains its total value at INR 2000.60 crores. The key change involves replacing 360 One Mutual Fund with four entities from the same group:

Turnaround Opportunities Fund
360 One High Growth Companies Fund
High Conviction Fund - Series 1
360 One Equity Opportunity Fund

This modification keeps the aggregate application size for the 360 One Group unchanged at INR 50.00 crores. The preferential issue continues to include a total of 85 allottees across promoter, promoter group, and public categories.

Preferential Issue Details

The preferential issue involves the issuance of 1,00,33,090 equity shares. Here's a breakdown of some key allottees and their respective allocations:

Allottee	Category	Shares	Amount (INR Cr)
Tata Mutual Fund	Public	25,07,522	500.00
Bandhan Mutual Fund	Public	10,53,159	210.00
Tata AIA Life Insurance Company Limited	Public	10,03,009	200.00
Nihal Fiscal Services Private Limited	Promoter	2,20,661	44.00
Mehul Mohanka	Promoter	1,50,451	30.00
Madan Mohan Mohanka	Promoter	1,50,451	30.00

EGM Mode Change

In light of the recent General Circular No. 03/2025 issued by the Ministry of Corporate Affairs (MCA), Tega Industries has decided to change the mode of its upcoming EGM. Originally scheduled as a physical meeting, the EGM will now be held virtually through video conferencing (VC) or other audio-visual means (OAVM). The date and time remain unchanged:

Date: Friday, October 10, 2025
Time: 11:00 A.M. (IST)

This decision follows the MCA's extension of the timeframe for holding Annual General Meetings (AGMs) and EGMs through virtual means beyond September 30, 2025.

Additional Corporate Updates

The company also announced the closure of the trading window for designated persons and their immediate relatives from October 1, 2025. This closure will remain in effect until 48 hours after the declaration of Unaudited Financial Results for the quarter and half-year ending September 30, 2025.

Tega Industries continues to demonstrate its commitment to regulatory compliance and shareholder engagement through these updates. The company will issue a corrigendum to shareholders regarding the EGM mode change and the revised list of preferential issue allottees.

Investors and stakeholders are advised to refer to the official communications from Tega Industries for the most accurate and up-to-date information regarding these corporate actions.