Please find enclosed herewith the Monitoring Agency Report for the quarter ended December 31, 2025
TEGA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tega Industries has filed the Monitoring Agency Report from Crisil Ratings for the quarter ended December 31, 2025, covering proceeds from its November 2025 preferential issue of equity shares. The company raised Rs 171.33 crore (85.92 lakh shares at Rs 1,994 each, including premium), lower than the originally proposed Rs 200.06 crore, with the entire amount earmarked for acquisitions and inorganic growth. During the quarter, no amount was utilized toward the stated object, meaning the full Rs 171.33 crore remains unutilized. These funds were transferred to the company's current account and parked in six debt mutual fund schemes, earning Rs 7.21 crore during the quarter with a market value of Rs 172.05 crore at quarter-end. No deviations from stated objects or delays in implementation were reported.
Shareholders should note that capital raised specifically for acquisitions and inorganic growth has not yet been deployed, although it is earning returns through liquid and ultra-short-term mutual funds. The slower-than-expected utilization and the reduced size of the raise (about Rs 29 crore less than planned) may signal that a specific acquisition target is still being evaluated. The healthy earnings on parked funds partially offset the opportunity cost while the company searches for inorganic growth opportunities.