Tega Industries’ Board of Directors has approved the voluntary deregistration of its wholly-owned subsidiary, Tega Industries Australia Pty Ltd. This process includes a reduction of the subsidiary’s share capital via a return of capital to the parent company. Tega Industries Australia Pty Ltd was not a material subsidiary, and this deregistration is not expected to significantly impact the company’s operations or financial standing.
Australian Subsidiary Deregistration
The Board of Directors of Tega Industries has given the green light to voluntarily deregister Tega Industries Australia Pty Ltd, a wholly-owned subsidiary. The announcement, dated January 30, 2026, confirms the board’s decision to proceed with this strategic move.
Capital Reduction and Impact
As part of the deregistration process, there will be a reduction in the share capital of Tega Industries Australia Pty Ltd. This reduction will involve returning capital to the parent company, Tega Industries. The company clarified that the subsidiary was not a material part of the overall business. The de-registration and capital reduction are not expected to have any significant impact on the business operations or financial condition of Tega Industries.
Subsidiary Financial Details
As of March 31, 2025, Tega Industries Australia Pty Ltd contributed INR 277.34 million to Tega Industries’ income, representing 1.69% of the total income. The net worth of the subsidiary was INR 94.91 million, which is 0.68% of the consolidated net worth.
Expected Timeline
The process of capital reduction and the subsequent voluntary deregistration is anticipated to take between 3 to 4 months to complete.
Capital Restructuring
Before capital reduction, Tega Industries Australia Pty Ltd had 85,000 equity shares with a face value of AUD 1 per share, totaling a paid-up share capital of AUD 85,000. After the reduction, the face value per share is AUD 0.0026117647. The paid-up capital will be AUD 222 and AUD 84,778 will be returned to the parent company as capital.
Source: BSE
