Please find enclosed herewith the intimation pursuant to Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
TEGA · price
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Tega Industries Limited has executed a rupee facility agreement for INR 1,500 crore (INR 1,500,00,00,000) with a consortium of lenders led by Standard Chartered Bank, along with Axis Bank Limited and Export-Import Bank of India. The facility was executed on May 22, 2026. The loan is specifically for financing the proposed acquisition of Molycop, as previously disclosed by the company. The facility is secured by customary security interests over company assets, subsidiaries, immovable properties, and shareholdings. This is part of a series of disclosures the company has been making since November 2025 regarding the Molycop acquisition.
This new debt facility will increase Tega Industries' leverage as it pursues the Molycop acquisition. Shareholders should monitor the company's debt levels and acquisition integration plans, as ₹1,500 crore represents a substantial borrowing that could impact future earnings and financial stability.