Date: July 15, 2026
Other Operational / Legal / Strategic Disclosures
This disclosure is a follow-up to an intimation made on February 22, 2024, regarding an order received by Tega Industries Chile SpA, a step-down subsidiary of Tega Industries Limited.
Nature of Legal Matter:
- The matter pertains to a review by the Servicio de Impuestos Internos (SII), Chile, of the accumulated tax loss carry forward claimed by Tega Industries Chile SpA for the Tax Year 2020.
- Pursuant to Exempt Resolution No. 897 dated August 21, 2023, the SII disallowed a portion of the tax loss carry forward on the grounds of insufficient supporting documentation.
- Tega Chile's Voluntary Administrative Reposition (RAV) was partially accepted, but the balance claim remained disallowed.
- Tega Chile filed a judicial appeal before the First Tax and Customs Tribunal, Santiago Metropolitan Region, Chile.
Update on Legal Matter:
- On July 06, 2026, the First Tax and Customs Tribunal dismissed the appeal and upheld the findings of the SII regarding the disputed tax loss.
- This order was communicated to Tega Industries Limited by its subsidiary on July 14, 2026.
Financial Impact:
- The disputed carry forward loss corresponds to approximately CLP 3.17 billion (approximately INR 32.32 crores).
- The estimated tax exposure is approximately CLP 856 million (approximately INR 8.73 crores).
- The company states that it does not foresee any material impact on its financial, operational, or other activities.
Next Steps:
- Tega Chile is in the process of evaluating the order in consultation with its legal and tax advisors.
- The company is evaluating all options, including filing an appeal against the order.
Regulatory Reference: