Key Quantitative Figures
The company has executed a facility agreement for availing a facility of up to INR 1,500,00,00,000 (Rupees One Thousand Five Hundred Crores Only).
Dates of Action
The Facility Agreement was executed on May 22, 2026. The disclosure letter is dated May 23, 2026.
Parties Involved
- Borrower: Tega Industries Limited ("Company")
- Lenders:
- Standard Chartered Bank (Sole Mandated Lead Arranger, Underwriter & Bookrunner)
- Axis Bank Limited
- Export-Import Bank of India
- Facility Agent: Catalyst Trusteeship Limited
Purpose and Rationale
The Facility Agreement and ancillary finance documents are being entered into to procure the Facility to enable financing for the proposed acquisition of Molycop. This purpose references prior company disclosures made on November 29, 2025, February 12, 2026, and May 18, 2026.
Significant Terms of Agreement
The Facility contains customary security, representations, warranties, covenants, undertakings, events of default, and mandatory prepayment provisions typical for financing arrangements of this nature.
Security Details
The Facility is proposed to be secured by customary security interests, including:
- Mortgage, hypothecation, pledge, share charge, and non-disposal undertaking
- Security over certain identified assets of the Company and its subsidiaries/group entities
- Coverage includes immovable properties, movable and current assets, designated reserve account assets and investments, and shares/securities held in identified subsidiaries
- Security ranking and terms are set out under the applicable security documents
Additional Information
- Shareholding in entities involved: Nil
- Related party status: Not Applicable (parties not related to promoter/promoter group/group companies)
- Related party transaction: Not Applicable
- The information is available on the company's website: www.tegaindustries.com