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 05-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-11-2026   12:30:00
End date and time of board meeting 05-11-2026   14:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 4,25,403.50 5,97,747.70
Other income 4,069.20 5,810.50
Total income 4,29,472.70 6,03,558.20
2 Expenses
(a) Cost of materials consumed 2,41,385.80 3,26,319.20
(b) Purchases of stock-in-trade 31,585.90 41,827.50
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (14,881.60) (10,784.20)
(d) Employee benefit expense 38,651.00 56,259.90
(e) Finance costs 29,189.90 40,860.70
(f) Depreciation, depletion and amortisation expense 16,857.50 24,219.90
(f) Other Expenses
1 Other Expenses 79,749.50 1,29,655.10
Total other expenses 79,749.50 1,29,655.10
Total expenses 4,22,538.00 6,08,358.10
3 Total profit before exceptional items and tax 6,934.70 (4,799.90)
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,934.70 (4,799.90)
6 Tax expense
7 Current tax 12,551.80 13,541.10
8 Deferred tax 615.80 (1,196.00)
9 Total tax expenses 13,167.60 12,345.10
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 (6,232.90) (17,145.00)
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 355.50 442.40
16 Total profit (loss) for period (5,877.40) (16,702.60)
17 Other comprehensive income net of taxes 2,913.30 4,999.40
18 Total Comprehensive Income for the period (2,964.10) (11,703.20)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (4,746.90) (13,365.80)
Total profit or loss, attributable to non-controlling interests (1,130.50) (3,336.80)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (1,586.30) (7,624.00)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1,377.80) (4,079.20)
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 -6.32 -17.79
Diluted earnings (loss) per share from continuing operations -6.32 -17.79
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 -6.32 -17.79
Diluted earnings (loss) per share from continuing and discontinued operations -6.32 -17.79
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 05 November 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. 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 2575.53 million under Other Expenses for the six months period ended 30 September 2026 Rs 665.98 million for the quarter ended 30 September 2026 Rs 1909.55 million for the quarter ended 30 June 2026 and Rs 775.77 million for the year ended 31 March 2026. 4. 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 acquired a controlling stake in Molycop Group for a purchase consideration of Rs 42421.9 million USD 442.7 million. The Group 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 34717.54 million USD 362.3 million and goodwill amounting to Rs 50570.52 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 mentioned above will be adjusted as necessary within the measurement period of a 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 September 2026 increased by approximately Rs 204042.37 million and Rs 167894.78 million respectively and the acquisition contributed approximately Rs 50632.22 million to the Group revenue for the six months period ended 30 September 2026. 5. 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 a private placement basis. The same was approved by shareholders at their meeting held on 10 October 2025. Accordingly during the year ended 31 March 2026 the Holding Company 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. 6. During the current period the Group evaluated the accounting treatment of the Exchange Option Put Option held by Apollo Funds and elected to apply the Anticipated Acquisition Method No NCI Method as its accounting policy. In accordance with this policy the Group recognised a derivative financial liability of Rs 7101.38 million USD 74.11 million and derecognised the corresponding non controlling interest of Rs 6751.06 million USD 70.43 million. The resulting net impact of Rs 350.32 million USD 3.68 million was recognised in equity. 7. Post acquisition of Molycop Group which is engaged in the manufacturing and selling of grinding media and ancillary products and services the Executive Committee reviewed all relevant aspects including 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 should be considered a separate business segment. The Group now operates in three manufacturing segments namely Consumables Grinding Media Consumables Others and Equipments which together serve the global mineral beneficiation mining and bulk solids handling industry and are considered operating segments as per Ind AS 108 Segment Reporting. Consumables Others represents the pre acquisition consumable business of the Group and Equipment business represents the operations of subsidiary company Tega McNally Minerals Limited.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 3,34,543.30
Capital work-in-progress 36,254.30
Investment property 456.10
Goodwill 5,13,291.50
Other intangible assets 3,47,961.50
Intangible assets under development 1,422.70
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 8,151.90
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Others 2,437.70
Total of other non-current financial assets 2,437.70
Total non-current financial assets 2,437.70
Deferred tax assets (net) 7,661.50
Other non-current assets
1 Income Tax assets 642.60
2 Others 6,741.70
3 Right of Use assets 31,846.50
Total of other non-current assets 39,230.80
Total non-current assets 12,91,411.30
2 Current assets
Inventories 5,54,315.30
Current financial asset
Current investments 11,311.60
Trade receivables, current 2,55,892.30
Cash and cash equivalents 71,601.40
Bank balance other than cash and cash equivalents 20,198.80
Loans, current 683.10
Other current financial assets
Total of other current financial assets 4,885.90
Total current financial assets 3,64,573.10
Current tax assets (net) 17,278.50
Other current assets
1 others 43,079.30
Total of other current assets 43,079.30
Total current assets 9,79,246.20
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 22,70,657.50
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 7,512.80
Other equity 3,12,731.60
Total equity attributable to owners of parent 3,20,244.40
Non controlling interest 18,533.30
Total equity 3,38,777.70
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 11,03,461.90
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 others 76,159.70
Total of other non-current financial liabilities 76,159.70
Total non-current financial liabilities 11,79,621.60
Provisions, non-current 22,061.70
Deferred tax liabilities (net) 77,677.10
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Lease liabilities 13,489.60
Total of other non-current liabilities 13,489.60
Total non-current liabilities 12,92,850.00
Current liabilities
Current financial liabilities
Borrowings, current 45,772.30
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,613.90
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,76,230.80
Total Trade payable 4,77,844.70
Other current financial liabilities
1 others 47,168.90
Total of other current financial liabilities 47,168.90
Total current financial liabilities 5,70,785.90
Other current liabilities 27,376.20
1 others 20,057.20
2 lease liability 7,319.00
Total of other current liabilities 27,376.20
Provisions, current 26,319.50
Current tax liabilities (Net) 14,548.20
Deferred government grants, Current 0.00
Total current liabilities 6,39,029.80
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 19,31,879.80
Total equity and liabilites 22,70,657.50
Disclosure of notes on assets and liabilities



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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 Consumables - Grinding Media 3,77,158.20 5,06,322.20
2 Consumables - Others 42,938.30 82,656.20
3 Equipments 6,150.10 9,728.00
Total Segment Revenue 4,26,246.60 5,98,706.40
Less: Inter segment revenue 843.10 958.70
Revenue from operations 4,25,403.50 5,97,747.70
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Consumables - Grinding Media 47,801.40 64,906.50
2 Consumables - Others 7,660.80 15,377.70
3 Equipments 111.70 (46.90)
Total Profit before tax 55,573.90 80,237.30
i. Finance cost 29,189.90 40,860.70
ii. Other Unallocable Expenditure net off Unallocable income 19,093.80 43,734.10
Profit before tax 7,290.20 (4,357.50)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Consumables - Grinding Media 20,40,423.70 20,40,423.70
2 Consumables - Others 1,67,208.30 1,67,208.30
3 Equipments 35,810.50 35,810.50
Total Segment Asset 22,43,442.50 22,43,442.50
Un-allocable Assets 27,215.00 27,215.00
Net Segment Asset 22,70,657.50 22,70,657.50
4 Segment Liabilities
Segment Liabilities
1 Consumables - Grinding Media 16,78,947.80 16,78,947.80
2 Consumables - Others 82,915.90 82,915.90
3 Equipments 17,765.00 17,765.00
Total Segment Liabilities 17,79,628.70 17,79,628.70
Un-allocable Liabilities 1,52,251.10 1,52,251.10
Net Segment Liabilities 19,31,879.80 19,31,879.80
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 or loss on post employment defined benefit plans (98.90) (78.00)
2 Share of other comprehensive income of joint venture accounted using the equity method (3.60) (3.50)
Total Amount of items that will not be reclassified to profit and loss (102.50) (81.50)
2 Income tax relating to items that will not be reclassified to profit or loss (21.70) (12.50)
3 Amount of items that will be reclassified to profit and loss
1 Net movement in effective portion of cash flow hedges (1,700.30) (3,563.00)
2 Exchange differences on translation of foreign operations 4,385.90 7,956.60
Total Amount of items that will be reclassified to profit and loss 2,685.60 4,393.60
4 Income tax relating to items that will be reclassified to profit or loss (308.50) (674.80)
5 Total Other comprehensive income 2,913.30 4,999.40



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (4,799.90)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 40,860.70
Adjustments for decrease (increase) in inventories (30,884.50)
Adjustments for decrease (increase) in trade receivables, current 1,477.70
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (12,345.40)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 52,210.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 12,402.50
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 24,219.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 2,483.70
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 2,725.80
Adjustments for dividend income 0.00
Adjustments for interest income 1,540.10
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (6,800.70)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (188.90)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 84,620.70
Net cash flows from (used in) operations 79,820.80
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 8,557.50
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 71,263.30
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 5,81,604.90
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 634.70
Purchase of property, plant and equipment 23,232.70
Proceeds from sales of investment property 37,951.30
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 2,281.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 66,893.30
Net cash flows from (used in) investing activities (4,97,076.40)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 70,209.80
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,12,962.70
Repayments of borrowings 73,856.60
Payments of lease liabilities 4,154.70
Dividends paid 1,501.80
Interest paid 26,778.80
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 97.00
Net cash flows from (used in) financing activities 3,76,977.60
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (48,835.50)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 4,048.30
Net increase (decrease) in cash and cash equivalents (44,787.20)
Cash and cash equivalents cash flow statement at beginning of period 1,16,388.60
Cash and cash equivalents cash flow statement at end of period 71,601.40