Tega Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 2 per equity share.
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Tega Industries reported FY2026 standalone revenue of Rs 7,494 million (down from Rs 8,951 million in FY2025) and consolidated revenue of Rs 16,919 million, broadly flat year-on-year. Consolidated net profit for FY2026 came in at Rs 1,426 million, down from Rs 2,001 million in the prior year, impacted by higher other expenses (including Rs 776 million in MolyCop acquisition-related costs). The Board recommended a final dividend of Rs 2 per equity share (20% on face value of Rs 10), subject to shareholder approval at the AGM on September 24, 2026. The company also completed a large preferential issue in November 2025, raising capital and expanding share capital to Rs 751.28 million.
The dividend of Rs 2 per share is modest relative to the current market price, offering a low yield. The decline in profitability and elevated acquisition costs may weigh on sentiment, though the company maintains a healthy balance sheet with total equity of Rs 34 billion on a consolidated basis.