Tega Industries Limited has informed the Exchange about intimation pursuant to Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Tega Industries Limited has executed a rupee facility agreement for up to INR 1,500 crore (Rupees One Thousand Five Hundred Crores) with a consortium of lenders including Standard Chartered Bank (acting as Sole Mandated Lead Arranger, Underwriter & Bookrunner), Axis Bank Limited, and Export-Import Bank of India. The Facility Agent is Catalyst Trusteeship Limited. The agreement was executed on May 22, 2026. The facility will be used to finance the proposed acquisition of Molycop, which the company has been disclosing since November 2025. The loan is secured by customary security interests including mortgage, hypothecation, pledge, and share charge over identified assets of the company and its subsidiaries. The total amount outstanding at execution is nil, as the facility has just been drawn.
The INR 1,500 crore debt facility significantly increases Tega Industries' leverage to fund the Molycop acquisition, which could weigh on near-term profitability due to interest costs and increased debt levels. Shareholders should monitor the company's debt servicing capacity post-acquisition.