Date: September 11, 2026

Fundraising / Financing

Tega Industries Limited has provided an update regarding the utilization of proceeds from its preferential issue of Equity Shares, following requirements from the National Stock Exchange of India Limited (NSE).

Utilization of Proceeds

The company will predominantly utilize the proceeds of the preferential issue of Equity Shares as follows:

  • Part or full repayment of existing borrowings including interest and finance costs: ₹75.40 crores, to be utilized within 4 months of receipt of proceeds
  • Working capital requirements: ₹20.00 crores, to be utilized by March 31, 2027
  • Total utilization: ₹95.40 crores

Preferential Issue Pricing

The company has revised Point VIII of the Postal Ballot Notice dated August 22, 2026 regarding the basis for arriving at the price for the preferential issue:

  • The Equity Shares are listed on BSE and NSE and are frequently traded
  • The price has been determined in accordance with Regulation 164(1) of the SEBI ICDR Regulations
  • The minimum price is the higher of:
  • 90 trading days volume weighted average price on NSE: ₹1,705.11 per share
  • 10 trading days volume weighted average price on NSE: ₹1,698.26 per share
  • Fair value determined by independent registered valuer: ₹1,635.94 per share (as per valuation report by Mr. Neeraj Kumar Sureka, Registration No. IBBI/RV/06/2019/11436)
  • The minimum floor price determined is ₹1,705.11 per share
  • The Proposed Allottee has agreed to subscribe at an issue price of ₹1,994 per share (face value ₹10 each, premium ₹1,984)
  • This issue price is consistent with and equivalent to the price at which the company undertook its preferential issue in October 2025
  • The price complies with SEBI ICDR Regulations being not less than the minimum floor price and higher than the valuation report value

All other contents of the Postal Ballot Notice remain unchanged. The information is also available on the company's website at www.tegaindustries.com.

Compliance & Signatory

The announcement was digitally signed by Manjuree Rai, Company Secretary & Compliance Officer (Membership No. A12858) of Tega Industries Limited.