Tega Industries Limited disclosed an inter-se transfer of 72,78,925 equity shares, representing 9.69% of the total paid-up capital, within the Promoter Group. The transfer occurred on March 23, 2026, via gift from Mr. Manish Mohanka to MM Business Trust. Importantly, the aggregate holding and the control/management of the Target Company remain unchanged following the transaction, as the transfer utilized a pre-existing SEBI exemption.
Disclosure of Promoter Group Share Transfer
Tega Industries Limited issued disclosures concerning a significant change in shareholding within the Promoter Group on March 24, 2026. The transaction involved the transfer of 72,78,925 equity shares, equating to 9.69% of the company’s total paid-up capital.
Transaction Details
The transfer was executed as an inter-se transfer by way of a gift (off-market transaction) occurring on March 23, 2026. The shares moved from Mr. Manish Mohanka, a Promoter of Tega Industries Limited, to MM Business Trust, which is identified as a member of the Promoter Group. This acquisition by MM Business Trust was conducted pursuant to an exemption order granted by the regulatory body on January 27, 2026.
Impact on Shareholding and Control
A key takeaway from the filings is that the aggregate holding of the entire Promoter and Promoter group category remained constant before and after the transfer. There was no resulting change in the control or management of Tega Industries Limited.
Pre and Post-Transaction Holding Summary
The holding pattern for the Acquirer (MM Business Trust and Persons Acting in Concert) is summarized below, showing stability:
- Before Acquisition: Shares carrying voting rights stood at 5,07,13,792, representing 67.50% of the total capital.
- Acquisition Amount: 72,78,925 equity shares carrying voting rights were acquired via inter-se transfer.
- After Acquisition: The holding remains at 5,07,13,792 shares, corresponding to 67.50% of the total capital and diluted capital.
Capital Structure Information
The total share capital/total voting capital of Tega Industries Limited, both before and after the acquisition, was stated as Rs. 75,12,76,980/-, comprising 7,51,27,698 fully paid equity shares of Rs. 10/- each.
Source: BSE
