Tega Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 26, 2025.
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Awaiting price reaction for this filing.
Tega Industries' Board met on September 26, 2025 and approved two key changes. First, it replaced '360 One Mutual Fund' (which was to invest INR 50 crores) with four entities from the same 360 One group — Turnaround Opportunities Fund, 360 One High Growth Companies Fund, High Conviction Fund Series 1, and 360 One Equity Opportunity Fund — keeping the total group allocation at INR 50 crores. The overall preferential issue size remains unchanged at INR 2,000.60 crores spread across 85 allottees, and a corrigendum to the September 18 shareholder notice will be issued. Second, the Board changed the mode of the upcoming Extraordinary General Meeting (EGM) scheduled for October 10, 2025 from physical to virtual (VC/OAVM), following an MCA circular that extended virtual meeting permissions beyond September 30, 2025. The detailed allotment table shows Tata Mutual Fund as the single largest investor at INR 500 crores, followed by Bandhan MF (INR 210 cr) and Tata AIA Life Insurance (INR 200 cr), with promoter entities subscribing to about INR 174 crores in aggregate.
The changes are administrative in nature — the INR 2,000.60 crore fundraise plan stays intact with no dilution of total issue size, and only the identity of one group of investors has been refined. Shifting the EGM to virtual mode makes it easier for shareholders to participate. Both decisions are neutral to slightly positive for existing shareholders as the capital raise structure remains on track.