Tega Industries Ltd - 543413 - Announcement under Regulation 30 (LODR)-Credit Rating
ICRA has placed Tega Industries' A+/A1 credit ratings on 'Rating Watch with Developing Implications'. This action is a result of the company's proposed acquisition of Molycop, which introduces both strategic synergies and potential integration risks, alongside increased leverage.
May 20 2026 12:05:00
Tega Industries Limited
Tega Industries' board approved a Rs.1,500 crore borrowing facility from Standard Chartered Bank and other lenders. These funds are earmarked to finance the proposed Molycop acquisition, supporting the company's strategic expansion. The board also approved a $5 million investment in its subsidiary, Tega MC Investment Pte. Ltd., to support future contingencies and operational expenses related to a JV.
May 18 2026 13:05:00
Tega Industries Ltd - 543413 - Announcement Pursuant To Reg. 30 Of The SEBI (LODR) Regulations, 2015
Tega Industries' board approved a Rs. 1,500 crore borrowing facility from Standard Chartered Bank and other lenders. This funding, along with a USD 5 million investment in Tega HoldCo, will finance the proposed Molycop acquisition and meet operational expenses.
May 18 2026 13:05:00
Tega Industries Ltd - 543413 - Announcement under Regulation 30 (LODR)-Credit Rating
Crisil Ratings has downgraded Tega Industries' long-term rating to 'Crisil A+/Stable' and short-term rating to 'Crisil A1'. This reflects expected moderation in the company's financial risk profile due to increased leverage following the Molycop acquisition.
May 15 2026 13:05:00
Tega Industries Ltd - 543413 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Tega Industries reported non-utilization of Rs.1,713.29 crore from its preferential issue proceeds for the quarter ended March 31, 2026. This delay is due to extended due diligence for planned acquisitions and inorganic growth opportunities.
May 15 2026 13:05:00
Tega Industries Limited
Tega Industries announced the resignation of CFO Sharad Kumar Khaitan, effective May 5, 2026. Shyama Prasad Ganguly, GM-Finance & Accounts, has been appointed as Interim CFO from May 6, 2026. Both changes were approved by the board on April 24, 2026.
Apr 24 2026 20:04:00
Tega Industries Limited
Tega Industries announced the resignation of CFO Sharad Kumar Khaitan, effective May 5, 2026. Shyama Prasad Ganguly is appointed as the interim Chief Financial Officer, effective May 6, 2026. Mr. Ganguly has over 24 years of experience in finance, auditing, and budgeting, having been with Tega since 2009.
Apr 24 2026 20:04:00
Tega Industries Limited
Tega Industries announced the resignation of CFO Sharad Kumar Khaitan, effective May 5, 2026. Shyama Prasad Ganguly, GM-Finance & Accounts, has been appointed as Interim CFO from May 6, 2026. Both changes were approved by the board on April 24, 2026.
Apr 24 2026 20:04:00
Tega Industries Limited
Tega Industries announced the resignation of CFO Sharad Kumar Khaitan, effective May 5, 2026. Shyama Prasad Ganguly is appointed as the interim Chief Financial Officer, effective May 6, 2026. Mr. Ganguly has over 24 years of experience in finance, auditing, and budgeting, having been with Tega since 2009.
Apr 24 2026 20:04:00
Tega Industries Limited
Tega Industries announced the resignation of CFO Sharad Kumar Khaitan, effective May 5, 2026. Shyama Prasad Ganguly, GM-Finance & Accounts, has been appointed as Interim CFO from May 6, 2026. Both changes were approved by the board on April 24, 2026.
Apr 24 2026 20:04:00
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