Tega Industries Limited has informed the Exchange about incorporation of wholly owned subsidiary.
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Tega Industries Limited has incorporated a new wholly owned subsidiary named 'Tega Solutions Limited' (TSL) effective April 1, 2026. The subsidiary has received its Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026. TSL has an authorised share capital of Rs. 100 crore and paid-up capital of Rs. 99 crore. The subsidiary is yet to commence commercial operations. The stated purpose of TSL is to provide management consultancy services and act as a Global Capability Centre/Global Cost Centre for the group entities. This is a related party transaction as TSL is a wholly owned subsidiary of Tega Industries.
This is a routine corporate structuring exercise to set up a dedicated entity for consultancy and shared services. The new subsidiary is not yet operational, so there is no immediate financial impact on Tega Industries. Shareholders may monitor future announcements regarding the GCC's activities and any related party transactions.