Key Transaction Details

  • Inter-se transfer of 46 equity shares (representing 0.08% of total paid-up capital) of Nihal Fiscal Services Private Limited (NFSPL), a promoter of Tega Industries Limited
  • Transfer executed by way of gift through off-market transfer
  • Transferor: Mr. Mehul Mohanka
  • Acquirer: Mehul Mohanka Benefit Trust (member of Promoter Group)
  • Date of transfer: October 27, 2026
  • NFSPL holds 49.56% stake in Tega Industries Limited (as per latest shareholding pattern)

Regulatory Framework

  • Disclosure made under Regulation 29(1) and 29(2) of SEBI Takeover Regulations
  • Transaction conducted pursuant to SEBI exemption Order No. WTM/KCV/CFD/19/2025-26 dated January 27, 2026
  • Exemption granted under Section 11(1) and Section 11(2)(h) of SEBI Act, 1992 read with Regulation 11(5) of SEBI Takeover Regulations
  • Prior approval obtained from RBI vide letter dated September 03, 2026 (Ref: KOL.DOR.NO.S1021(1)/01-01-001/2026-27) for change in control/shareholding of 99.96% of paid-up equity capital of NFSPL

Impact Assessment

  • No change in control and management of NFSPL
  • No change in holding of NFSPL in Target Company (remains at 49.56%)
  • Aggregate holding of Promoter and Promoter group category remains unchanged at 67.08% (50,713,792 shares)
  • Total diluted share/voting capital unchanged at ₹75,60,61,330 comprising 7,56,06,133 fully paid equity shares of ₹10 each
  • No shares under encumbrance (pledge/lien/non-disposal undertaking)
  • No warrants/convertible securities or other instruments outstanding

Persons Acting in Concert (PAC)

The acquirer (Mehul Mohanka Benefit Trust) operates within the following PAC structure:

  • Madan Mohan Mohanka (Promoter)
  • Manju Mohanka (Promoter)
  • Manish Mohanka (Promoter)
  • Mehul Mohanka (Promoter)
  • Nihal Fiscal Services Private Limited (Promoter)
  • MM Group Holdings Private Limited (Promoter Group)
  • Trafalgar Consulting International Company Private Limited (Promoter Group)
  • TPW Engineering Limited (Promoter Group)
  • MM Rosewood Buildinfra Private Limited (Promoter Group)
  • MM Aqua Technologies Limited (Promoter Group)
  • Maple Orgtech (India) Limited (Promoter Group)
  • Amayra Mohanka Family Trust (Promoter Group)
  • Arvan Mohanka Family Trust (Promoter Group)
  • M M Business Trust (Promoter Group)
  • Manish Mohanka Benefit Trust (Promoter Group)
  • M M Family Trust (Promoter Group)

Completion Status

This transaction completes the entire acquisition (direct and indirect) of shares and voting rights in the Target Company by the Applicants as mentioned in the SEBI Order.

Filing Compliance

  • Disclosure filed within 2 working days of acquisition as required under Regulation 29(3) of SEBI Takeover Regulations
  • Filed with both BSE Limited and National Stock Exchange of India Limited
  • Signed by Manjuree Rai, Company Secretary & Compliance Officer (Membership No. A12858) on behalf of Tega Industries Limited
  • Annexures signed by Madan Mohan Mohanka on behalf of Mehul Mohanka Benefit Trust