Latest news about Tega Industries
Tega Industries
1,847.70
-24.50(-1.31%)
Company Performance:
View Company Insights1D-1.31%
1M+11.36%
6M-2.71%
1Y+16.21%
5Y+154.49%
More news about Tega Industries
26Apr 26
Tega Industries Limited Announces CFO Resignation and Interim Appointment
Tega Industries Limited has announced the resignation of Mr. Sharad Kumar Khaitan as Chief Financial Officer, effective from the close of business hours on May 05, 2026. The Board of Directors accepted his resignation at their meeting held on April 24, 2026. Mr. Khaitan is stepping down to pursue other opportunities outside the Tega Group.
Concurrently, the Board has appointed Mr. Shyama Prasad Ganguly, General Manager - Finance & Accounts, as Interim CFO and Key Managerial Personnel with effect from May 06, 2026. Mr. Ganguly brings over 24 years of experience in financial management, auditing, and budgeting, having been with Tega since 2009. He is a qualified Chartered Accountant from ICAI and holds a Bachelor of Commerce (Honours) from the University of Calcutta, a Master of Finance from Annamalai University, and has completed a management programme at IIM Ahmedabad.
18Apr 26
Tega Industries Incorporates 'Tega Solutions' Unit To Expand Global Capabilities
Tega Industries has incorporated a new subsidiary named 'Tega Solutions' to expand its global capabilities and strengthen market presence. This strategic move represents the company's commitment to enhancing operational efficiency and growth objectives. The new unit is designed to support better service delivery and market reach across various geographical regions.
07Apr 26
Tega Industries Submits Q4 FY26 SEBI Compliance Certificate for Dematerialization Process
Tega Industries Limited filed its Q4 FY26 compliance certificate under SEBI Regulation 74(5) on April 6, 2026, for the quarter ended March 31, 2026. The certificate, issued by registrar MUFG Intime India Pvt Ltd, confirms proper handling of securities dematerialization processes and adherence to prescribed timelines. The filing was submitted to both BSE and NSE, maintaining the company's regulatory compliance as a listed entity.
02Apr 26
Tega Industries' Subsidiary TMML Receives ₹13.79 Crore Tax Assessment Order for AY 2017-18
Tega Industries Limited disclosed that its wholly owned subsidiary TMML received a ₹13.79 crore tax assessment order from Kolkata Income Tax authorities for AY 2017-18, covering the period April 2016 to March 2017. The demand pertains to the pre-acquisition period before Tega Industries acquired TMML in March 2023 under the Insolvency and Bankruptcy Code. The company stated there is no material impact on operations and TMML plans to appeal the order.
01Apr 26
Tega Industries Subsidiary Receives ₹121 Crore Tax Assessment Order for Pre-Acquisition Period
Tega Industries Limited disclosed that its subsidiary TMML received a tax assessment order demanding ₹1,21,14,12,580 for AY 2018-19, a period before the company's acquisition of TMML through NCLT proceedings in March 2023. The company stated no material financial or operational impact and plans to appeal the order.
24Mar 26
Tega Industries Completes Inter-se Transfer of 72,78,925 Equity Shares Between Promoter Entities
Tega Industries Limited completed an inter-se transfer of 72,78,925 equity shares (9.69% stake) from promoter Manish Mohanka to MM Business Trust on March 23, 2026, through an off-market gift transaction under SEBI exemption. The promoter group's aggregate holding remains unchanged at 67.50%, with no impact on company control or management. All regulatory disclosures have been filed with BSE and NSE exchanges in compliance with SEBI Takeover Regulations.
20Mar 26
Tega Industries Publishes Postal Ballot Notice in Newspapers for Director Re-appointment
Tega Industries Limited has published newspaper advertisements in Financial Express (English) and Arthik Lipi (Bengali) regarding its postal ballot notice for re-appointing Mr. Jagdishwar Prasad Sinha as Independent Director. The e-voting process runs from March 20 to April 18, 2026, with results to be announced by April 21, 2026.
12Feb 26
Tega Industries Board Approves INR 1500 Crore Borrowing Facility and Subsidiary Investments for Molycop Acquisition
Tega Industries has received board approval for a comprehensive financing structure to support its Molycop acquisition, including a INR 1500 crore borrowing facility from scheduled commercial banks and strategic investments totaling INR 3617 crore across subsidiaries. The company filed regulatory disclosures under SEBI regulations detailing investments in Singapore-based Tega MC Investment Pte. Ltd. and a new Indian wholly owned subsidiary, with the acquisition expected to close by March 31, 2026.
12Feb 26
Tega Industries Q3FY26 Results: Standalone Revenue Declines 24.5% YoY to ₹1,867.72 Million
Tega Industries reported Q3FY26 results showing standalone revenue decline of 24.5% to ₹1,867.72 million and net profit drop of 49.8% to ₹281.46 million. Consolidated operations performed better with stable revenue at ₹4,037.06 million though net profit fell 63.7% to ₹197.08 million. The company raised ₹17.13 billion through preferential allotment, increasing paid-up capital to ₹751.28 million. Nine-month standalone revenue declined 13.8% while consolidated revenue grew 5.7%.
03Feb 26
HDFC Mutual Fund Acquires 5.02% Stake in Tega Industries Through Open Market Purchase
HDFC Mutual Fund has disclosed acquiring 5.02% stake in Tega Industries Limited through open market purchase of 1,00,000 shares on January 29, 2026. The acquisition increased the fund's holdings from 4.89% to 5.02%, involving three HDFC schemes managed by HDFC Trustee Company Limited. The disclosure was made under SEBI Regulation 29(1) with formal communication to stock exchanges BSE and NSE.
30Jan 26
Tega Industries Board Approves De-registration of Australian Subsidiary
Tega Industries board has approved the voluntary de-registration of its wholly owned subsidiary Tega Australia, with AUD 84,778 set to be returned to the parent company. The company has assured that this corporate restructuring decision will not affect its ongoing business operations.
24Jan 26
Tega Industries Exercises USD 35 Million Upsize Option for Additional Investment
Tega Industries Limited announced that its wholly owned subsidiary, Tega MC Investment Pte. Ltd., has exercised its upsize option to increase investment by USD 35 million in Tega MC JV Holdings Pte. Ltd. The total investment now reaches USD 394,295,423 for 394,295,423 ordinary shares, giving Tega HoldCo approximately 84.2% ownership of SG Company. Apollo HoldCo maintains its USD 74,107,477 investment for a 15.8% stake, while their USD 270 million investment in redeemable preference shares remains unchanged. The company informed stock exchanges on January 24, 2026, under SEBI listing regulations.
30Dec 25
Tega Industries Receives Trading Approval for Rs 1,713 Crore Preferential Allotment
Tega Industries has successfully completed its preferential share allotment process, receiving final trading approval from NSE and BSE for 85,92,206 equity shares worth Rs 1,713.29 crore. The shares will commence trading from December 31, 2025, with the company's listed capital increasing to Rs 75,12,76,980, representing a 12.91% increase in paid-up share capital.
20Nov 25
Tata Mutual Fund Boosts Stake in Tega Industries to 5.36% via Preferential Allotment
Tata Mutual Fund has significantly increased its stake in Tega Industries through a primary market purchase preferential allotment. The fund's holding in the company has risen from 2.09% to 5.36%, acquiring 25,07,522 shares. This transaction has expanded Tega Industries' equity share capital from Rs. 66.53 crores to Rs. 76.57 crores. Tega Industries recently reported strong Q2 performance with 15% year-on-year revenue growth and maintains a positive outlook with an order book of INR 11,556.00 million.
19Nov 25
Tega Industries Reports 15% Revenue Growth in Q2 FY26, Equipment Business Surges 55%
Tega Industries achieved consolidated revenue of INR 4,211.00 million in Q2 FY26, a 15% year-on-year increase. The equipment business saw a 55% revenue surge, contributing to the strong performance. The company maintained a 20.00% EBITDA margin. With an order book of INR 11,556.00 million, Tega Industries is progressing on strategic initiatives including the Molycop acquisition, Chile expansion, and incorporation of a new subsidiary in Singapore. Management reaffirmed FY26 guidance, expecting 15% growth in consumables and over 25% in equipment business.
19Nov 25
Tega Industries Establishes New Investment Subsidiary in Singapore
Tega Industries Limited has formed a wholly-owned subsidiary, Tega MC Investment Pte. Ltd., in Singapore. The new entity, incorporated on November 18, 2025, with a stated capital of USD 100, is classified under SSIC Code 2025 – 64202 (Other Holding Companies). Its primary purpose is to facilitate investments in various businesses, including subsidiaries and joint ventures. The subsidiary has not yet commenced operations and has no current turnover. This move is part of Tega Industries' corporate restructuring efforts and could potentially open new avenues for growth and diversification.
13Nov 25
Tega Industries Reports Strong Q2 Performance with Net Profit Soaring to 449 Million Rupees
Tega Industries Limited, a global leader in specialized consumables for mineral beneficiation and mining, has reported robust Q2 FY26 results. Revenue from operations increased by 14.7% to 4,053.54 million rupees. EBITDA rose by 77.5% to 849.36 million rupees, with the EBITDA margin expanding to 20%. Net profit surged by 522.5% to 449.39 million rupees. The Consumables segment remained the primary revenue driver, contributing 3,388.59 million rupees. International operations accounted for 3,126.12 million rupees of revenue. The company's balance sheet showed total assets of 21,498.77 million rupees, including 1,139.13 million rupees in cash and cash equivalents.
31Oct 25
Tega Industries Updates EGM Notice: Valuation Details and Preferential Issue Insights
Tega Industries has updated its EGM notice with crucial information about its upcoming preferential share issue. The company set the issue price at Rs. 1,994.00 per share, based on a valuation report. Key subscribers include promoters, directors, and Aditya Birla Sun Life AMC. Nihal Fiscal Services Private Limited will be allotted 220,661 shares, while promoters Mehul Mohanka and Madan Mohan Mohanka will receive 150,451 shares each. Aditya Birla Sun Life AMC is set to receive 300,902 shares, representing about 0.39% of post-issue shareholding.
26Sept 25
Tega Industries Revises Preferential Issue Allottees, Shifts EGM to Virtual Mode
Tega Industries Limited has announced changes to its proposed INR 2000.60 crore preferential issue, replacing 360 One Mutual Fund with four entities from the same group while maintaining the total allocation. The issue involves 1,00,33,090 equity shares across 85 allottees. Key allottees include Tata Mutual Fund (25,07,522 shares), Bandhan Mutual Fund (10,53,159 shares), and Tata AIA Life Insurance (10,03,009 shares). The company also changed its upcoming EGM on October 10, 2025, to a virtual format following MCA guidelines. Additionally, Tega Industries announced the closure of the trading window for designated persons from October 1, 2025, until 48 hours after the declaration of Q2 financial results.
18Sept 25
Tega Industries Raises Rs 2,000 Crore in Major Fundraise, Mukul Agarwal Invests Rs 100 Crore
Tega Industries completed a significant fundraising round, issuing 100,33,090 equity shares at Rs 1,994 per share, raising approximately Rs 2,000.60 crore. Key investors include Tata Mutual Fund (Rs 500 crore), Bandhan Mutual Fund (Rs 210 crore), and Tata AIA Life Insurance (Rs 200 crore). Promoters and investor Mukul Agarwal also participated. Separately, Tega, with Apollo Global Management, agreed to acquire US-based Molycop for $1.48 billion, with Tega holding 77% stake.
18Sept 25
Tega Industries Approves Rs 2,000.60 Crore Preferential Issue to 85 Investors
Tega Industries, a manufacturer of specialized products for the global mineral beneficiation and mining industry, has approved a preferential issue of 100,33,090 equity shares to raise Rs 2,000.60 crores from 85 investors. The issue price is set at Rs 1,994.00 per share. Major investors include Tata Mutual Fund (Rs 500 crores), Bandhan Mutual Fund (Rs 210 crores), and Tata AIA Life Insurance (Rs 200 crores). The promoter group will receive equity worth Rs 154 crores. An Extraordinary General Meeting is scheduled to seek shareholder approval for the issue.
15Sept 25
Tega Industries Board Greenlights Rs 4,000 Crore Fundraising Plan
Tega Industries' board has approved a plan to raise up to Rs 4,000 crore through the issuance of equity shares and other securities. This significant fundraising initiative aims to strengthen the company's financial position, potentially supporting expansion, R&D, debt reduction, or strategic acquisitions in the industrial machinery sector. The flexible funding approach allows Tega to adapt to market conditions, though specific use of funds and timeline are not yet disclosed.
13Sept 25
Tega Industries to Acquire Molycop for $1.48 Billion, Expanding Global Mining Consumables Footprint
Tega Industries Limited has entered into a term sheet to acquire Molycop, a global supplier of grinding media for the mining industry, for approximately $1.48 billion. The acquisition, in partnership with Apollo Funds as a minority investor, is expected to close by December 31, 2025, or early January 2026. The deal will be funded through a combination of equity instruments and debt. Molycop serves over 400 mines across 40 countries and reported an EBITDA of $173 million. The combined entity aims to become a leading designer and manufacturer of critical consumables for mining and mineral processing industries, with expected synergies of $20 million by year two, scaling to $30 million annually from year four. Tega Industries targets EBITDA margin expansion from 11.50% to 15.00% over time and aims to lower net debt to EBITDA ratio below 2.5x over four years.
13Sept 25
Tega Industries Unveils Ambitious Rs 4,000 Crore Funding Plan
Tega Industries' board has approved raising up to Rs 4,000 crores through various financial instruments including public issues, preferential allotments, private placements, and QIPs. The board also approved increasing investment and loan limits to Rs 4,000 crores, boosting borrowing power by Rs 2,000 crores, and authorizing charges on company properties for potential borrowings. These measures are subject to shareholder and regulatory approvals.
11Sept 25
Tega Industries to Host Conference Call on Proposed Molycop Acquisition
Tega Industries Limited has scheduled a conference call on September 12, 2025, at 10:00 AM IST to discuss its proposed acquisition of Molycop in consortium with Apollo Funds. The call will feature key executives including the Managing Director & Group CEO and Chief Financial Officer. Participants can join via various international toll-free numbers or a pre-registration link. The acquisition could significantly impact Tega's market position and growth strategies in the mineral beneficiation, mining, and bulk solids handling industry.
10Sept 25
Tega Industries Unveils Ambitious Fundraising and Acquisition Plans
Tega Industries, in consortium with Apollo Global Management affiliates, plans to acquire Molycop for $1.5 billion. The deal combines Tega's polymer mill lining expertise with Molycop's grinding media leadership. Post-acquisition, the consolidated entity is expected to generate $1.73 billion in revenue and $217 million in EBITDA. Tega will own 77% of Molycop. The company is also exploring fundraising options, including equity shares and debt securities issuance. The acquisition aims to create a comprehensive solution provider for mining operations, with presence in over 40 countries and 26 manufacturing sites.
10Sept 25
Tega Industries to Acquire Molycop for $1.5 Billion, Becoming Global Leader in Mining Consumables
Tega Industries Limited plans to acquire Molycop, a global supplier of grinding media, for $1.5 billion. The deal, led by a consortium of Tega (77%) and Apollo Management Singapore (23%), aims to create a leading provider of critical consumables for the mining industry. The combined entity is expected to generate annual revenues of $1.7 billion with an EBITDA of $217 million. The acquisition will expand Tega's product portfolio, global footprint, and R&D capabilities. The transaction is set to close by December 31, 2025, subject to regulatory approvals.
06Sept 25
Tega Industries' Subsidiary Appoints New CEO, Company Revises Dividend Record Date
Tega Industries Limited has appointed Mr. Syed Yaver Imam as the new CEO of its subsidiary, Tega McNally Minerals Limited, effective June 01, 2024. The company has also revised the record date for its final dividend payment for FY 2024-25 from September 08, 2025, to September 09, 2025, due to a public holiday. Shareholders on record as of the new date will be eligible for the dividend. This change complies with SEBI regulations and has been communicated to the BSE and NSE.
05Sept 25
Tega Industries Shifts Dividend Record Date to September 09, 2025
Tega Industries Limited has changed the record date for determining shareholder eligibility for the final dividend payment for FY 2024-25 from September 08 to September 09, 2025. This change is due to an unexpected public holiday declared on September 08, 2025, as communicated by NSE and BSE. The revision ensures compliance with regulatory requirements and affects the timing for shareholders to be registered for dividend eligibility.
05Aug 25
Tega Industries Reports Strong Order Book of ₹1,005 Crore, Q1 Revenue Up 6% YoY
Tega Industries announced an order book of ₹1,005 crore, with ₹610 crore executable within 12 months. Q1 FY26 results show total revenue of ₹3,716.00 million, up 6% YoY. EBITDA stood at ₹711.00 million, and PAT at ₹353.00 million. The company's Consumables segment generated ₹2,940.23 million in revenue, while Equipment segment contributed ₹643.18 million. International operations accounted for ₹2,691.82 million of revenue. Management is focusing on execution efficiency and cost management to improve margins.
05Aug 25
Tega Industries Reports Q1 Revenue Growth Amid Profit Decline
Tega Industries, a manufacturer of specialized products for the global mineral beneficiation and mining industry, reported mixed Q1 results. Revenue from operations increased by 4.74% to ₹3,560.92 crore, but consolidated net profit declined by 3.83% to ₹353.35 crore. EBITDA decreased to ₹556.00 crore, with margin contracting to 15.60%. The company's revenue is primarily driven by international markets, accounting for over 75% of total revenue. Despite challenges, management remains focused on operational efficiency and strategic growth initiatives.
15May 25
Tega Industries Reports Strong Q4 Results, Declares Dividend
Tega Industries, a manufacturer of specialized products for the mineral processing industry, announced its Q4 FY2023 results. The company's consolidated net profit increased by 14% year-over-year to ₹1.02 billion, while revenue grew by 5.1% to ₹5.36 billion. EBITDA for the quarter was ₹1.49 billion with a margin of 27.78%. The board has recommended a final dividend of ₹2 per equity share.
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