Integrated Filing — IndAS

General information about company

Scrip Code	543413
NSE Symbol	TEGA
MSEI Symbol	NOTLISTED
ISIN	INE011K01018
Name of company	TEGA INDUSTRIES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2026
Date of end of financial year	31-03-2027
Date of board meeting when results were approved	13-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-08-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	First quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	13-08-2026 12:30:00
End date and time of board meeting	13-08-2026 14:25:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
1	Income
	Revenue from operations	1,72,344.20	1,72,344.20
	Other income	1,741.30	1,741.30
	Total income	1,74,085.50	1,74,085.50
2	Expenses
(a)	Cost of materials consumed	84,933.40	84,933.40
(b)	Purchases of stock-in-trade	10,241.60	10,241.60
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	4,097.40	4,097.40
(d)	Employee benefit expense	17,608.90	17,608.90
(e)	Finance costs	11,670.80	11,670.80
(f)	Depreciation, depletion and amortisation expense	7,362.40	7,362.40
(f)	Other Expenses
1	Other Expenses	49,905.60	49,905.60
	Total other expenses	49,905.60	49,905.60
	Total expenses	1,85,820.10	1,85,820.10
3	Total profit before exceptional items and tax	(11,734.60)	(11,734.60)
4	Exceptional items	0.00	0.00
5	Total profit before tax	(11,734.60)	(11,734.60)
6	Tax expense
7	Current tax	989.30	989.30
8	Deferred tax	(1,811.80)	(1,811.80)
9	Total tax expenses	(822.50)	(822.50)
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	(10,912.10)	(10,912.10)
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	86.90	86.90
16	Total profit (loss) for period	(10,825.20)	(10,825.20)
17	Other comprehensive income net of taxes	2,086.10	2,086.10
18	Total Comprehensive Income for the period	(8,739.10)	(8,739.10)
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	(8,618.90)	(8,618.90)
	Total profit or loss, attributable to non-controlling interests	(2,206.30)	(2,206.30)
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	(6,037.70)	(6,037.70)
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	(2,701.40)	(2,701.40)
21	Details of equity share capital
	Paid-up equity share capital	7,512.80	7,512.80
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-11.47	-11.47
	Diluted earnings (loss) per share from continuing operations	-11.47	-11.47
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-11.47	-11.47
	Diluted earnings (loss) per share from continuing and discontinued operations	-11.47	-11.47
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company in their respective meetings held on 13 August 2026 The Statutory Auditors have issued an unmodified report on the above results 2. These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under section 133 of the Companies Act 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended 3. The Consolidated Financial results include the results for the quarter ended 31 March 2026 being the balancing figure in respect of the full financial year ended 31 March 2026 and the published unaudited year to date figures for the nine months period ended 31 December 2025 which were subject to limited review by the Statutory Auditors of the Group 4. In connection with the acquisition of the Molycop Group comprising the direct and indirect subsidiaries of AIP MC Holdings LLC including its joint ventures the Group engaged various consultants and legal advisors for commercial and legal due diligence and for preparing and negotiating transaction related documentation Accordingly the Group has recognised one time expenses amounting to Rs 1909.55 million under Other Expenses for the quarter ended 30 June 2026 Rs 775.77 million for the year ended 31 March 2026 5. On 28 November 2025 the Group in partnership with Apollo Management Singapore Pte Ltd Apollo entered into definitive agreements to acquire Molycop Group comprising direct and indirect subsidiaries of AIP MC Holdings LLC including joint ventures through a series of steps The transaction was subjected to customary conditions precedent and approvals from regulatory authorities in various jurisdictions Upon satisfaction of all such conditions and receipt of the requisite approvals the transaction was completed on 1 June 2026 acquisition date where the Group has acquired controlling stake in Molycop Group for a purchase consideration of Rs 41907.13 million USD 442.7 million The Group has obtained control over Molycop Group with effect from 1 June 2026 The acquisition has been accounted for under the acquisition method of accounting in accordance with Ind AS 103 Business Combinations Accordingly the Group has recorded the assets and liabilities acquired through this business acquisition currently determined on a provisional basis which has resulted in the recognition of identifiable intangible assets amounting to Rs 34295.32 million USD 362.3 million and goodwill amounting to Rs 49956.87 million USD 527.74 million which remain subject to finalisation The final allocation of purchase consideration to the acquired assets and assumed liabilities is in process and the provisional amounts as mentioned above will be adjusted as necessary within the measurement period of maximum of one year from the acquisition date as allowed under Ind AS 103 Further as a result of the acquisition the Group consolidated total assets and total liabilities as at 30 June 2026 increased by approximately Rs 203648.01 million and Rs 168039.47 million respectively and the acquisition contributed approximately Rs 12916.40 million to the Group revenue for the quarter ended 30 June 2026 6. The Board of Directors of the Holding Company at its meeting held on 18 September 2025 approved the issuance and allotment of Equity Shares to promoters and non promoters by way of preferential issue on private placement basis The same has been approved by shareholders at its meeting held on 10 October 2025 Accordingly during the year ended 31 March 2026 the Holding Company had allotted 8592206 Equity Shares of face value Rs 10 each at an issue price of Rs 1994 including a premium of Rs 1984 on 28 November 2025 upon receipt of the full consideration Consequent to this allotment the paid up equity share capital of the Holding Company increased from Rs 665.35 million 66535492 fully paid up equity shares of Rs 10 each to Rs 751.28 million 75127698 fully paid up equity shares of Rs 10 each 7. Post acquisition of Molycop Group which is operating in the manufacturing and selling of grinding media and ancillary products and services Executive Committee has reviewed all the relevant aspects including in particular the system of internal financial reporting to the Executive Committee which is the Chief Operating Decision Maker CODM Considering the economic characteristics of the operations the Group is of the view that Grinding media is to be considered as a separate business segment It is now operating in three manufacturing segments Consumables Grinding Media Consumables others and Equipments which together are used for the global mineral beneficiation mining and bulk solids handling industry and are considered operating segments as per Ind AS 108 Segment Reporting Consumables others business represents the Pre acquisition consumable business of the Group Equipment business represents the operations of a Subsidiary Company Tega McNally Minerals Limited

Textual Information(1)

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company in their respective meetings held on 13 August 2026 The Statutory Auditors have issued an unmodified report on the above results 2. These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under section 133 of the Companies Act 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended 3. The Consolidated Financial results include the results for the quarter ended 31 March 2026 being the balancing figure in respect of the full financial year ended 31 March 2026 and the published unaudited year to date figures for the nine months period ended 31 December 2025 which were subject to limited review by the Statutory Auditors of the Group 4. In connection with the acquisition of the Molycop Group comprising the direct and indirect subsidiaries of AIP MC Holdings LLC including its joint ventures the Group engaged various consultants and legal advisors for commercial and legal due diligence and for preparing and negotiating transaction related documentation Accordingly the Group has recognised one time expenses amounting to Rs 1909.55 million under Other Expenses for the quarter ended 30 June 2026 Rs 775.77 million for the year ended 31 March 2026 5. On 28 November 2025 the Group in partnership with Apollo Management Singapore Pte Ltd Apollo entered into definitive agreements to acquire Molycop Group comprising direct and indirect subsidiaries of AIP MC Holdings LLC including joint ventures through a series of steps The transaction was subjected to customary conditions precedent and approvals from regulatory authorities in various jurisdictions Upon satisfaction of all such conditions and receipt of the requisite approvals the transaction was completed on 1 June 2026 acquisition date where the Group has acquired controlling stake in Molycop Group for a purchase consideration of Rs 41907.13 million USD 442.7 million The Group has obtained control over Molycop Group with effect from 1 June 2026 The acquisition has been accounted for under the acquisition method of accounting in accordance with Ind AS 103 Business Combinations Accordingly the Group has recorded the assets and liabilities acquired through this business acquisition currently determined on a provisional basis which has resulted in the recognition of identifiable intangible assets amounting to Rs 34295.32 million USD 362.3 million and goodwill amounting to Rs 49956.87 million USD 527.74 million which remain subject to finalisation The final allocation of purchase consideration to the acquired assets and assumed liabilities is in process and the provisional amounts as mentioned above will be adjusted as necessary within the measurement period of maximum of one year from the acquisition date as allowed under Ind AS 103 Further as a result of the acquisition the Group consolidated total assets and total liabilities as at 30 June 2026 increased by approximately Rs 203648.01 million and Rs 168039.47 million respectively and the acquisition contributed approximately Rs 12916.40 million to the Group revenue for the quarter ended 30 June 2026 6. The Board of Directors of the Holding Company at its meeting held on 18 September 2025 approved the issuance and allotment of Equity Shares to promoters and non promoters by way of preferential issue on private placement basis The same has been approved by shareholders at its meeting held on 10 October 2025 Accordingly during the year ended 31 March 2026 the Holding Company had allotted 8592206 Equity Shares of face value Rs 10 each at an issue price of Rs 1994 including a premium of Rs 1984 on 28 November 2025 upon receipt of the full consideration Consequent to this allotment the paid up equity share capital of the Holding Company increased from Rs 665.35 million 66535492 fully paid up equity shares of Rs 10 each to Rs 751.28 million 75127698 fully paid up equity shares of Rs 10 each 7. Post acquisition of Molycop Group which is operating in the manufacturing and selling of grinding media and ancillary products and services Executive Committee has reviewed all the relevant aspects including in particular the system of internal financial reporting to the Executive Committee which is the Chief Operating Decision Maker CODM Considering the economic characteristics of the operations the Group is of the view that Grinding media is to be considered as a separate business segment It is now operating in three manufacturing segments Consumables Grinding Media Consumables others and Equipments which together are used for the global mineral beneficiation mining and bulk solids handling industry and are considered operating segments as per Ind AS 108 Segment Reporting Consumables others business represents the Pre acquisition consumable business of the Group Equipment business represents the operations of a Subsidiary Company Tega McNally Minerals Limited

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2026	01-04-2026
Date of end of reporting period		30-06-2026	30-06-2026
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Consumable Grinding Media	1,29,164.00	1,29,164.00
2	Consumable Others	39,717.90	39,717.90
3	Equipment	3,577.90	3,577.90
	Total Segment Revenue	1,72,459.80	1,72,459.80
	Less: Inter segment revenue	115.60	115.60
	Revenue from operations	1,72,344.20	1,72,344.20
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Consumable Grinding Media	17,105.10	17,105.10
2	Consumable Others	7,716.90	7,716.90
3	Equipment	(158.60)	(158.60)
	Total Profit before tax	24,663.40	24,663.40
	i. Finance cost	11,670.80	11,670.80
	ii. Other Unallocable Expenditure net off Unallocable income	24,640.30	24,640.30
	Profit before tax	(11,647.70)	(11,647.70)
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Consumable Grinding Media	20,36,480.10	20,36,480.10
2	Consumable Others	1,58,992.00	1,58,992.00
3	Equipment	34,416.70	34,416.70
	Total Segment Asset	22,29,888.80	22,29,888.80
	Un-allocable Assets	27,183.00	27,183.00
	Net Segment Asset	22,57,071.80	22,57,071.80
4	Segment Liabilities
	Segment Liabilities
1	Consumable Grinding Media	16,80,394.70	16,80,394.70
2	Consumable Others	66,542.20	66,542.20
3	Equipment	16,824.30	16,824.30
	Total Segment Liabilities	17,63,761.20	17,63,761.20
	Un-allocable Liabilities	80,109.70	80,109.70
	Net Segment Liabilities	18,43,870.90	18,43,870.90
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement gains/ (loss) on post employment defined benefit plans	20.90	20.90
2	Share of other comprehensive income of joint venture accounted using the equity method	0.10	0.10
	Total Amount of items that will not be reclassified to profit and loss	21.00
2	Income tax relating to items that will not be reclassified to profit or loss	9.20	9.20
3	Amount of items that will be reclassified to profit and loss
1	Net movement in effective portion of cash flow hedges	(1,862.70)	(1,862.70)
2	Exchange differences on translation of foreign operations	3,570.70	3,570.70
	Total Amount of items that will be reclassified to profit and loss	1,708.00
4	Income tax relating to items that will be reclassified to profit or loss	(366.30)	(366.30)
5	Total Other comprehensive income	2,086.10	2,086.10