Tega Industries Share Price in Focus; Plans ₹95.40 Crore Preferential Issue

Tega Industries is looking to raise about ₹95.40 crore through a preferential issue of equity shares. The company's board approved the proposal on August 22, 2026.  

The proposed issue will involve 4,78,435 shares, each carrying a face value of ₹10. Tega has fixed the issue price at ₹1,994 per share, including a premium of ₹1,984. 

AP Jupiter Holdings Named as Investor 

The shares are proposed to be issued to AP Jupiter Holdings II, Ltd. The filing lists the investor under the public category. 

If the proposed allotment goes through, AP Jupiter Holdings II will receive all 4,78,435 shares, for a total subscription amount of ₹95,39,99,390.  

Shareholders to Vote on the Proposal 

The board has also decided to seek shareholder approval for the issue. Tega plans to do this through a postal ballot and remote e-voting. 

The company said the postal ballot notice, along with the explanatory statement and other details, will be sent to shareholders shortly.  

The proposed issue is yet to receive the required approvals, so the board's decision at this stage is a proposal rather than a completed allotment.  

Read More: Puravankara Share Price Surges; Subsidiary Bags ₹175 Crore Order for Ritz Carlton Project in Chennai! 

Tega Industries Share Price Performance  

As of 21 August 2026, Tega Industries share price closed at ₹1,748 per share, reflecting a decline of 1.60% from the previous trading session. 

Conclusion 

Tega Industries has approved a proposal to issue 4,78,435 equity shares at ₹1,994 each, raising approximately ₹95.40 crore from AP Jupiter Holdings II, Ltd. Shareholders will be asked to vote on the proposal through postal ballot.  

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