Tega Industries Limited has provided a clarification regarding the ultimate beneficial owners (UBOs) of a proposed allottee, AP Jupiter Holdings II, Ltd. The company’s disclosure, prompted by an NSE requirement, states that AP Jupiter Holdings II, Ltd. is an investment vehicle managed by affiliates of Apollo Global Management, Inc. No single natural person holds over 10% of the shares, capital, or profits, with management vested in directors.
Company Update on Beneficial Ownership
Tega Industries Limited has issued a corporate update to clarify details concerning the ultimate beneficial owners (UBOs) of a proposed allottee, AP Jupiter Holdings II, Ltd. This clarification follows a requirement letter received from the National Stock Exchange (NSE).
Details of Proposed Allottee and UBOs
The proposed allottee, AP Jupiter Holdings II, Ltd., is identified as an investment vehicle. It is managed and advised by affiliates of Apollo Global Management, Inc., which is a publicly listed entity on the New York Stock Exchange.
Tega Industries has further stated that no single natural person directly holds more than 10% of the shares, capital, or profits of AP Jupiter Holdings II, Ltd., nor do they exercise control over it. The management and day-to-day affairs of the Proposed Allottee are overseen by its directors, namely Mr. Gaurav Pant, Mr. James Elworth, Mr. Jack Chen, and Mr. Joel Tay. These directors are considered the ultimate beneficial owners for the purposes of relevant SEBI regulations.
Disclosure Compliance
This information updates a previously issued postal ballot notice dated August 22, 2026. The full details of this clarification are also available on the company’s website at www.tegaindustries.com.
Source: BSE
