Interim report
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November 05, 2026 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department The Listing Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 543413 Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 NSE Symbol: TEGA Sub: Outcome of the Board Meeting held on Thursday, November 05, 2026 Ref: Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Dear Madam/Sir, In continuation to our letter dated October 27, 2026, and pursuant to Regulation 30 read with Schedule III and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we hereby enclose the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2026, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company. Further, we are also enclosing herewith the Limited Review Report thereon, issued by the Statutory Auditors, M/s. Walker Chandiok & Co LLP, Chartered Accountants. This disclosure will also be hosted on the Company’s website viz. www.tegaindustries.com. The meeting of the Board commenced at 12:30 Hrs and concluded at 14:45 Hrs. Kindly take the same on record. Thanking You, Yours faithfully, For Tega Industries Limited Manjuree Rai Company Secretary & Compliance Officer Membership No. A12858 Enclosed: As stated above
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q tego PARTNERSHIPS IN PRACTICE Tega Industries Limited CIN:L25199W B1976PLC030532 Registered Office : Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata - 700 091, West Bengal Tel: +9133 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Statement of Unaudited Standalone Financial Results for the quarter and six months ended 30 September 2026 (All amount in~ million, unless otherwise stated) Quarter ended Six Months ended Year ended 30 September 30 June 30 September 30 September 30 September 31 March Particulars 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited l!lnaudlted Audited Income 1. Revenue from operations 2,027.49 2,686.54 2,329.75 4,714.03 4,005.70 7,894.12 2. Other income 102.06 116.67 104.68 218.73 312.46 699.09 3. Total income (1+2] 2,129.55 2,803.21 2,434.43 4,932.76 4,318.16 8,593.21 4. Expenses a) Cost of materials consumed 1,253.99 898.38 957.94 2,152.37 1,734.45 3,749.78 b) Changes in inventories of finished goods and work-in-progress (367.58) 197.18 80.25 (170.40) 42.33 (334.83) c) Employee benefits expense 213.56 201.28 204.88 414.84 395.19 840.04 d) Finance costs 345.12 144.59 17.86 489.71 35.02 57.84 e) Depreciation and amortisation expenses 64.51 64.87 67.26 129.38 134.18 262.64 f) Other expenses (Refer Note 4) 642.12 679.52 466.32 1,321.64 860.66 1,955.40 Total expenses [4(a) to 4(f)] 2,151.72 2,185.82 1,794.51 4,337.54 3,201.83 6,530.87 5. Profit/(Loss) before tax (3-4] (22.17) 617.39 639.92 595.22 1,116.33 2,062.34 6. Tax expense a) Current tax (8.52) 172.44 160.12 163.92 244.34 573.36 b) Deferred tax 8.92 (9.25) (0.43) (0.33) 7.87 (65.19) Total tax expense [6(a)+6(b)] 0.40 163.19 159.69 163.59 252.21 508.17 7. Profit/(Loss) for the period/ year (5-6] (22.S7) 454.20 480.23 431.63 864.12 1,554.17 8. Other comprehensive income Items that will not be reclassified to profit or loss a) Remeasurement gains/ (loss) on post employment defined benefit plans (13.44) 3.67 0.41 (9.77) 0.82 14.68 b) Income tax related to above 3.38 (0.92) (0.11) 2.46 (0.21) (3.70) lterns that will be/ may be reclassified to profit or loss a) Net movement in effective portion of cash flow hedges (50.18) (50.18) 760.28 b) Income tax related to above Total other comprehensive income for the period/ year (10.06) (47.43) 0.30 (57.49) 0.61 771.26 9. Total comprehensive income for the period/ year (7 + 8] (32.63) 406.77 480.53 374.14 864.73 2,325.43 10. Paid-up equity share capital [face value e 10 per share] 751.28 751.28 665.35 751.28 665.35 751.28 11. Other equity 31,551.65 12. Earnings per equity share a) Basic (not annualised for quarters and six months) (in~) (0.30) 6.05 7.22 5.75 12.99 22.38 b) Diluted (not annualised for quarters and six months) (in~) (0.30) 6.05 7.22 5.75 12.99 22.38 See accompanying notes to the Unaudited Standalone Financial Results
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~ trzga PARTNERSHIPS IN PRACTICE Tega Industries Limited CIN: L25199WB1976PLC030532 Registered Off ice: Godrej Waterside, Tower-II, Offi ce No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata - 700 091, West Bengal Tel: +91 33 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Statement of Unaudited Standalone Assets and Liabilities as at 30 September 2026 (Alf amount in 'f million, unless otherwise stated} Particulars ASSETS Non-current assets Property, plant and equipment Right-of-Use Assets Capital work in progress Intangible assets Intangible assets under development Financial assets (i) Investment in subsidiaries and joint venture (ii) Loans (iii) Other financial assets Income tax assets (net) Deferred tax assets (net) Other non-current assets Total non-current assets Current assets Inventories Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than {iii) above (v) Loans (vi) Other financial assets Contract assets Other current assets Total current assets Total assets Asat Asat 30 September 26 31 March 2026 Unaudited Audited 1,389.43 1,386.16 291.01 297.56 129.90 35.59 22.02 33.00 12.22 41,330.49 25,110.48 321.02 317. 70 4.46 4.46 45.79 45.79 42.09 39.32 16.17 56.92 43,604.60 27,326.98 2,863.56 2,115.63 712.95 1,206.61 2,958.04 2,905.31 19.26 46.16 0.60 0.53 0.59 0.64 92.65 831.33 6.68 8.06 492.99 485.59 7,147.32 7,S99.86 50,751.92 34,926.84 EQUITY AND LIABILITIES Equity Equity share capital Other equity 751.28 31,065.43 751.28 31,551.65 Total equity 31,816.71 32,302.93 Liabilities Non-current liabilities Financial liabilities (i) Borrowings (ii) lease liabilities Total non-current liabilities Current liabilities Financial liabilities (i) Borrowings (ii) lease liabilities (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises (b) Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities Provisions Current tax liabilities (net) Other current liabilities Total current liabilities Total liabilities Total equity and liabilities 14,317.18 9.92 12.77 14,327.10 12.77 2,558.30 665.46 7.73 8.82 50.27 90.19 1,138.91 911.25 80.60 191.44 140.39 143.84 63.91 36.95 568.00 563.19 4,608.11 2,611.14 18,935.21 2,623.91 50,751.92 34,926.84
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q trzgo PART NERSHIPS IN PRACT IC E Tega Industries limited CIN: L25199WB1976PLC030532 Registered Office : Godrej Waterside, Tower-II, Off ice No. 807, 8th Floor, Block DP-S, Salt Lake Sector V, Bidhannagar, Kolkata - 700 091, West Bengal Tel: +91 33 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Unaudited Standalone Statement of Cash Flows for the six months ended 30 September 2026 (All amount in if million, unless otherwise stated) Six months ended Six months ended Particulars 30 September 2026 30 September 2025 Unaudltedr Unaudited A. Cash Flow from Operating Activities Profit before tax 595.22 1,116.33 Adjustments for: Depreciation and amortisation expenses 129.38 134.18 Finance costs 489.71 35.02 Interest income (10.74) {9.28) Allowance for expected credit loss (including bad debt and advances written off) 25.64 0.22 Claims/ liquidating damages 0.14 0.18 Net fair value (gain)/ loss on investments classified at FVfPL (16.64) (65.84) Net (gain) on sale of investments classified at FVTPL (15.20) (14.60) Change in fair value of derivatives classified as FVTPL (165.02) Mark to Market loss on derivative instrument (net) 104.60 Derivative settlement (net) (9.70) (7.42) Net (Gain)/ loss on sale of property, plant and equipment including intangible assets (net of loss on assets scrapped/ written off) 0.10 0.26 Dividend income (95.03) Provision for warranty expenses 27.50 1.39 Provision for slow moving/ non· moving and obsolete inventories 3.49 38.61 Write-off of Investment in a subsidiary 0.01 Liabilities no longer required, written back (0.28) (7.32) Effect of unrealised exchange differences (net) 90.04 (196.23) Operating profit before working capital changes 1,143.65 1,035.07 Changes in Working Capital: (Increase)/ decrease in Non Current/ Current financial and other assets (105.54) (502.46) (Increase)/ decrease in Inventories (751.40) 262.01 Increase/ (decrease) in Non Current/ Current financial and other liabilities/ provisions 70.81 194.12 Cash Generated from Operations 357.52 988.74 Income taxes paid (net of refund) (136.96) {301.39) Net cash generated from operating activities 220.56 687.35 B. Cash flow from Investing Activities Purchase of capital assets (175.77) (85.53) Sale of capital assets 0.32 3.47 Purchase of investments in subsidiaries (16,220.02) Loan given to a subsidiary {88.45) Payment for purchase of investments (1,787.00) (1,092.50) Proceeds from sale of investments 2,312.50 698.01 Deposits with bank (placed)/ matured 0.07 Interest received 10.06 5.63 Dividend received from subsidiary and joint venture 95.03 Net cash used in investing activities (15,859.84) (464.34) C. Cash flow from Financing Activities Proceeds from long term borrowings 14,827.50 Repayment of long term borrowings (93.74) (41.33) Proceeds from/ (repayment of) short term borrowings (net) 1,496.62 {38.20) Derivative settlement (net) 9.70 7.42 Finance cost paid (471.51) (29.08) Finance cost paid on account of lease liabilities (0.72) (1.04) Repayment of lease liabilities (3.94) (6.89) Dividend paid to equity shareholders (150.18) (133.07) Net cash generated from/(used in) financing activities 15,613.73 (242.19) Net decrease in cash and cash equivalents (25.55) (19.18) Cash and cash equivalents at the beginning of the period 46.16 52.48 Effects of exchange rate changes on cash and cash equivalents (1.35) 0.16 Cash and cash equivalents at the end of the period 19.26 33.46
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h trzgo PARTNERSHIPS IN PRACTIC E Tega Industries Limited CIN: L2S199WB1976PLC030532 Registered Office : Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata - 700 091, West Bengal Tel: +9133 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Notes to the Unaudited Standalone Financial Results 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 5 November 2026. The Statutory Auditors have issued an unmodified report on the above results. 2. These results have been pr_epared 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 is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 3. The Board of Directors of the 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 private placement basis. The same has been approved by shareholders at its meeting held on 10 October 2025. Accordingly, during the year ended 31 March 2026, the Company had allotted 8,592,206 Equity Shares of face value , 10 /- each at an issue price of, 1,994 /- (including a premium of, 1,984 /-), on 28 November 2025 upon receipt of the full consideration. Consequent to this allotment, the paid-up equity share capital of the Company increased from , 665.35 million (66,535,492 fully paid-up equity shares of, 10 /- each) to, 751.28 million (75,127,698 fully paid-up equity shares of, 10 /- each). 4. On 28 November 2025, the Company & its subsidiaries (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 has acquired controlling stake in Molycop Group. 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 Company engaged various consultants and legal advisors for commercial and legal due diligence and for preparing and negotiating transaction-related documentation. Accordingly, the Company has recognised one time expenses amounting to , 73.00 million under "Other Expenses" for the half-yearly ended 30 September 2026 (, 16.48 million quarter ended 30 September 2026, , 56.52 million quarter ended 30 June 2026 & , 59.89 million for the year ended 31 March 2026). 5. The Company is engaged in the business of manufacturing and distribution of specialized 'critical to operate' and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. The Chief Operating Decision Maker ('CODM') reviews the business as a single segment. Hence no segment disclosure is required. Place : Kolkata, India Date : 5 November 2026
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~ trzga PARTN ERSHIPS IN PRACTIC E Tega Industries Limited CIN: L25199WB1976PLC030532 Registered Office: Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar,Kolkata - 700 091, West Bengal Tel: +9133 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Statement of Unaudited Consolidated Financial Results for the quarter and six months ended 30 September 2026 (All amount in ~ million, unless otherwise stated) Ciluarte, ended Six months ended Year Ended Partlcrular,s 30 September 30Jone2026 30 September 30 September 30 September 31 March 2026 2026 2025 2026 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Income 1. Revenue from operations 42,540.35 17,234.42 4,053.54 59,774.77 7,614.46 16,919.36 2. Other income 406.92 174.13 157.32 581.05 312.63 816.17 3. Total income [1+2) 42,947.27 17,408.55 4,210.86 60,355.82 7,927.09 17,735.53 4. Expenses a) Cost of materials consumed 24,138.58 8,493.34 1,540.58 32,631.92 2,931.61 7,165.67 b) Purchase of stock in trade 3,158.59 1,024.16 4,182.75 c) Changes in inventories of finished goods,stock in trade and work-in-progress (1,488.16) 409.74 133.10 (1,078.42) 201.96 (315.Q7) d) Employee benefits expense 3,865.10 1,760.89 700.10 5,625.99 1,329.93 2,799.33 e) Finance costs 2,918.99 1,167.08 57.78 4,086.07 119.57 226.02 f) Depreciation and amortisation expenses 1,685.75 736.24 228.40 2,421.99 459.26 951.15 g) Other expenses (Refer Note 3) 7,974.95 4,990.56 987.72 12,965.51 1,902.94 4,958.03 Total expenses (4(a) to 4(g)] 42,253.80 18,582.01 3,647.68 60,835.81 6,945.27 15,785.13 5. Profit/(Loss) before share of profit of joint venture and tax (3-4) 693.47 (1,173.46) 563.18 (479.99) 981.82 1,950.40 6. Share of profit of joint venture 35.55 8.69 24.14 44.24 37.59 60.72 7. Profit/(Loss) before tax [5+6) 729.02 (1,164.77) 587.32 (435.75) 1,019.41 2,011.12 8. Tax expense a) Current tax 1,255.18 98.93 272.27 1,354.11 405.69 918.40 b) Deferred tax 61.58 (181.18) (134.34) (119.60) (189.02) (333.81) Total tax expense [8(a)+8(b)] 1,316.76 (82.25) 137.93 1,234.51 216.67 584.59 9. Profit/(loss) for the period/ year (7-8) (587.74) (1,082.52) 449.39 (1,670.26) 802.74 1,426.53 10. Other comprehensive income Items that will not be reclassified to profit or loss a) Remeasurement gains/ (loss) on post employment defined benefit plans (9.89) 2.09 (3.84) (7.80) (7.68) 23.57 b) Income tax related to above 2.17 (0.92) 1.88 1.25 1.98 (6.01) c) Share of other comprehensive income of joint venture accounted using the equity (0.36) 0.01 (0.03) (0.35) (0.06) 0.06 method Items that will be/may be reclassified to profit or loss a) Net movement in effective portion of cash flow hedges (170.03) (186.27) (356.30) 760.28 b) Income tax related to above 30.85 36.63 67.48 c) Exchange differences on translation of foreign operations 438.59 357.07 119.67 795.66 111.22 1,003.01 Total other comprehensive income for the period/ year 291.33 208.61 117.68 499.94 105.46 1,780.91 11. Total comprehensive income for the period/ year (9 + 10) (296.41) (873.91) 567.07 (1,170.32) 908.20 3,207.44 12. Profit/(Loss) for the period/ year attributable to: a) Owners of Tega Industries limited (474.69) (861.89) 449.39 (1,336.58) 802.74 1,426.53 b) Non controlling interest [113.05) (220.63) 0.00' (333.68) 0.00' 0.00" 13. Other comprehensive income for the period/ year attributable to: a) Owners of Tega Industries limited 316.06 258.12 117.68 574.18 105.46 1,780.91 b) Non controlling interest (24.73) (49.51) 0.00" (74.24) 0.00" 0.00" 14. Total Comprehensive Income for the period/ year attributable to: a) Owners of Tega Industries limited (158.63) (603.77) 567.07 (762.40) 908.20 3,207.44 b) Non controlling interest (137.78) (270.14) 0.00" (407.92) 0.00" 0.00" 15. Paid-up equity share capital [Face Value~ 10 per share] 751.28 751.28 665.35 751.28 665.35 751.28 16. Other equity 33,320.48 17. Earnings per equity share a) Basic (not annualised for quarters and six months) (in~ ) (6.32) (11.47) 6.75 (17.79) 12.06 20.54 b) Diluted (not annualised for quarters and six months) (in~ ) (6.32) (11.47) 6.75 (17.79) 12.06 20.54 See accompanying notes to the Unaudited Consolidated Financial Results 'Amount below rounding off norms adopted by the Group
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q trzgo PARTNERSHIPS IN PRACTICE Tega Industries Limited CIN: l25199WB1976PLC030532 Registered Office : Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar,Kolkata - 700 091, West Bengal Tel: +9133 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Statement of Unaudited Consolidated Assets and Liabilities as at 30 September 2026 (Alf amount in -f miffion, unless otherwise stared) Asal Asal Particulars 30 September 2026 31 March 2026 Unaudited Audited ASSETS Non-current assets Property, plant and equipment 33,454.33 3,817.73 Right-of-Use Assets 3,184.65 1,963.21 Capital work in progress 3,625.43 1,072.15 Investment propert y 45.61 43.08 Goodwill 51,329.15 738.38 Intangible assets 34,796.15 52.09 Intangible assets under development 142.27 35.95 Investments accounted for using the equity method 815.19 282.06 Financial assets (i) Other financial assets 243.77 52.75 Income tax assets (net) 64.26 61.17 Deferred tax assets (net) 766.15 710.54 Other non-current assets 674.17 306.72 Total non-current assets 1,29,141.13 9,135.83 Current assets Inventories 55,431.53 4,369.48 Financial assets (i) Investments 1,131.16 1,987.24 (ii) Trade receivables 25,589.23 4,518.51 (iii) Cash and cash equivalents 7,160.14 11,638.86 (iv) Bank balances other than (Hi) above 2,019.88 9,585.81 (v) Loans 68.31 0.64 (vi) Other financial assets 488.59 931.62 Income tax assets (net) 1,727.85 27.20 Other current assets 4,307.93 949.81 Total current assets 97,924.62 34,009.17 Total assets 2,27,065.75 43,145.00 EQUITY ANO LIABILITIES Equity Equity share capital 751.28 751.28 Other equity 31,273.16 33,320.48 Equity attributable to the owners of the company 32,024.44 34,071.76 Equity attributable to the owners of the non controlling interest 1,853.33 0.00' Total equity 33,877.77 34,071.76 liabilities Non-current liabilities Financial liabilities (ii Borrowings 1,10,346.19 1,275.60 (ii) lease liabilities 1,348.96 539.00 (iii) Other financial liabilities 7,615.97 Provisions 2,206.17 0.38 Deferred tax liabilities (net) 7,767.71 45.58 Total non-current liabilities 1,29,285.00 1,860.56 Current liabilities Financial liabilities (i) Borrowings 4,577.23 1,900.53 (ii) Lease liabilities 731.90 268.88 (iii) Trade payables (a) Total outstanding dues of micro and small enterprises 161.39 165.47 (b) Total outstanding dues of creditors other than micro and small enterprises 47,623.08 3,169.96 (iv) Other financial liabilities 4,716.89 307.18 Provisions 2,631.95 317.20 Current tax liabilities (net) 1,454.82 206.62 Other current liabilities 2,005.72 876.84 Total current liabilities 63,902.98 7,212.68 Total liabilities 1,93,187.98 9,073.24 Total equity and liabilities 2,27,065.75 43,145.00 ""Amount is below the rounding off norms adopted by the Group ~ 1>NQ1;..--:-... k a~ 0 ~ ,;:: i! ;- : M "} - LKATA: ) g; I:! ~ ~ - - -~~ y '9,.~ ~,<t 'l'fDAcCO . . ~ * -◊ -
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~ trzgo PARTN ERSHIPS IN PRACTIC E Tega Industries Limited CIN: L25199WB1976PLC030532 Registered Office: Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar,Kolkata - 700 091, West Bengal Tel: +91 33 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www.tegaindustries.com Statement of Unaudited Consolidated Cash Flows for the six months ended 30 Sept 2026 (All amount in~ million, unless otherwise stated) Six months ended Six months ended Particulars 30 Septembe, 2026 30 September 2025 l!lnacrdited Unaudited A. Cash flow from Operating Activities Profit before tax (435.75) 1,019.41 Adjustments for: Depreciation and amortisation expenses 2,421.99 459.26 Finance costs 4,086.07 119.57 Interest income (154.01) (25.54) Allowance for expected credit loss (including bad debts and advances written off) 49.07 (25.92) Claims/ liquidating damages 0.28 0.18 Net fair value (gain)/ loss on investments classified at FVTPL (22.18) (60.47) Net (gain)/ loss on sale of investments classified at FVTPL (27.87) (34.74) Mark to Market loss on derivative instrument (net) (620.32) 117.63 Derivative settlement (net) (9.70) (7.42) Liabilities/ provisions no longer required written back (1.61) (65.29) Net (gain)/ loss on sale of property, plant and equipment including intangible assets (22.82) 0.63 (net of loss on assets scrapped/ written off) Share of profit of joint venture accounted for using the equity method (44.24) (37.59) Provision for warranty expenses 31.59 5.41 Provision for slow moving/ non- moving and obsolete inventory 167.43 170.56 Other non cash items 5.54 (2.05) Effect of unrealised exchange differences (net) 272.58 (4.47) Operating profit before working capital changes 5,696.05 1,629.16 Changes in Working Capital: (Increase)/ decrease in Non Current/ Current financial and other assets (1,086.77) 561.65 (Increase)/ decrease in inventories (3,088.45) 95 02 Increase/ (decrease) in Non Current/ Current financial and other liabilities/ provisions 6,461.25 (205.92) Cash Generated from Operations 7,982.08 2,079.91 Income taxes paid (net of refunds) (855.75) (540.46) Net cash generated from operating activities 7,126.33 1,539.45 B. Cash flow from Investing Activities Payment for purchase of capital assets (2,323.27) (489.81) Proceeds from sale of capital assets 63.47 3.50 Acquisition of a subsidiary, net of cash acquired (58,160.49) Payment for purchase of investments (2,889.00) (2,308.44) Proceeds from sale of investments 3,795.13 1,885.01 Deposits with bank matured 9,578.33 0.07 Interest received 228.19 21.18 Net cash (used in) investing activities (49,707.64) (888.49) C. Cash flow from Financing Activities Proceeds from equity contribution by NCI 7,020.98 Proceeds from long term borrowings 40,129.71 Repayment of long term borrowings (7,385.66) (146.50) Proceeds from/(Repayment of) short term borrowings (net) 1,166.56 (228.21) - Derivative settlement (net) 9.70 7.42 0 0 S '7""~ Finance cost paid (2,677.88) (77.92) ~a~ Finance cost paid on account of lease liabilities (59.53) (31.50) I ; KOLKATA (J) Repayment of lease liabilities (355.94) (112.63) Dividend Paid to equity shareholders (150.18) (133.07) 0 I; Net cash generated from/ (used in) financing activities 37,697.76 (722.41) Net increased/ (decreased) in cash and cash equivalents (4,883.55) (71.45) ~~ * .o Cash and cash equivalents at the beginning of the period 11,638.86 1,142.95 - Exchange differences on translation of foreign currency cash and cash equivalents 404.83 67.63 Cash and cash equivalents at the end of the Period 7,160.14 1,139.13 'Amount is below the rounding off norms adopted by the Group ./c-W'-~ IO,;-"- /.'<,'/ "'-C'_\ , ~ . \<\ ~ ~NJAJ1_•_ .. J_4 l! J~l 1 ;-- , - ...- ;p)'~ .,,,~ ~ • RtoAcCO\J
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q tega PARTNERSHIPS IN PRACTICE Tega Industries limited CIN: L25199W81976PLC030532 Registered Off ice: Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar,Kolkata - 700 091, West Bengal Tel: +9133 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www .tegaindustries.com Statement of Unaudited Consolidated Segment Revenue, Results, Assets and Liabilities {All amounts in ~ million, unless otherwise stated} Quarter ended Six months ended Year ended 30 September 30 June 2026 30 September 30 September 30 September 31 March 2026 PartieulaM 2026 2025 2026 2025 Unaudited Unaudited Wnaudited Unaudited Unaudited Audited Segment Revenue: Consumables - Grinding Media 37,715.82 12,916.40 50,632.22 Consumables - Others 4,293.83 3,971.79 3,388.59 8,265._62 6,328.82 14,339.90 Equipments 615.01 357.79 707.14 972.80 1,350.32 2,687.53 Total 42,624.66 17,245.98 4,095.73 59,870.64 7,679.14 17,027.43 Less: Inter segment revenue (84.31) (11.56) (42.19) (95.87) (64.68) (108.07) Total segment revenue from operations 42,540.35 17,234.42 4,053.54 59,774.77 7,614.46 16,919.36 Segment results before interest, tax and depreciation: Consumables - Grinding Media 4.780.14 1,710.51 6,490.65 Consumables - Others 766.08 771.69 558.76 1,537.77 1,057.94 2,750.07 Equipments 11.17 (15.86) 133.79 (4.69) 190.96 340.09 Total 5,557.39 2,466.34 692.55 8,023.73 1,248.90 3,090.16 Less: Inter segment eliminations (0.12) (1.06) (0.51) (1.18) (0.88) (2.99) Total segment results before interest, tax and depreciation 5,557.27 2,465.28 692.04 8,022.55 1,248.02 3,087.17 Add: ot her income 406.92 174.13 157.32 581.05 312.63 816.17 less: Unallocable transaction expenses (Refer Note 4) 665.98 1,909.55 2,575.53 775.77 Less: Finance costs 2,918.99 1,167.08 57.78 4,086.07 119.57 226.02 Less: Depreciation and amortisation expenses 1,685.75 736.24 228.40 2,421.99 459.26 951.15 Add: Share of profit of joint venture 35.55 8.69 24.14 44.24 37.59 60.72 Prolit/(Loss) beforet ax 729.02 (1,164.77) 587.32 (435.75) 1,019.41 2,011.12 less: Tax expense 1,316.76 (82.25) 137.93 1,234.51 216.67 584.59 Profit/(Loss) for the period/ year (587.74) (1,082.52) 449.39 (1,670.26) 802.74 1,426.53 Quarte• Ended Six months ended V.ear Ended, bartlcula,s 30 September 30June 2026 30 September 30 September 30 September 31 March 2025 2026 2025 2026 2025 II l!Jnaudltedl l:lnaudltedl l!Jnaudlted l!Jhaudlted, Unaudited: A\ldlted1 Segment Assets: Consumables - Grinding Media 2,04,042.37 2,03,648.01 2,04,042.37 Consumables - Others 16,720.83 15,899.20 14,396.74 16,720.83 14,396.74 15,859.46 Equipments 3,581.05 3,441.67 3,371.53 3,581.05 3,371.53 3,153.58 Unallocable Assets 3,136.52 3,079.45 3,764.91 3,136.52 3,764.91 24,186.02 Less: Inter segment eliminations (415.02) (361.15) (34.41) (415.02) (34.41) (54.06) Total assets 2,27,065.75 2,25,707.18 21,498.77 2,27,065.75 21,498.77 43,145.00 Segment Liabilities: Consumables - Grinding Media 1,67,894. 78 1,68,039.47 1,67,894. 78 Consumables> Others 8,291.59 6,654.22 5,037.20 8,291.59 5,037.20 6,567.21 Equipments 1,776.50 1,682.43 1,557.48 1,776.50 1,557.48 1,660.62 Unallocable Liabilities 15,640.13 8,372.12 181.99 15,640.13 181.99 899.47 Less: Inter segment eliminations (415.02) (361.15) (34.41) (415.02) (34.41) (54.06) Total liabilities 1,93,187.98 1,84,387.09 6,742.26 1,93,187.98 6,742.26 9,073.24 Notes: Unallocable assets and Unallocable liabilities mainly represent investments and tax assets and liabilities.
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q trzgo PARTNERSHIPS IN PRACTICE Tega Industries Limited CIN: L25199WB1976PLC030532 Registered Office: Godrej Waterside, Tower-II, Office No. 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata · 700 091, West Bengal Tel: +91 33 4093 9000; Email: compliance.officer@tegaindustries.com; Website: www .tegaindustries.com Notes to the Unaudited Consolidated Financial Results 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 is 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 ~ 2,575.53 million under "Other Expenses" for the six months period ended 30 September 2026 ( ~ 665.98 Quarter ended 30 September 2026, ~ 1909.55 Quarter ended 30 June 2026 & ~ 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 has acquired controlling stake in Molycop Group for a purchase consideration of~ 42,421.9 million (USO 442. 7 million). The Group has 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 ~ 34,717.54 million (USO 362.3 million) and goodwill amounting to~ 50,570.52 million (USO 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 as mentioned above will be adjusted, as necessary, within the measurement period of maximum of one year from the acquisition date as allowed under Ind AS 103. Further, as a result of the acquisition, the Group's consolidated total assets and total liabilities as at 30 september 2026 increased by approximately ~ 2,04,042.37 million and ~ 1,67,894. 78 million, respectively, and the acquisition contributed approximately ~ 50,632.22 million to the Group's revenue for 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 private placement basis. The same has been approved by shareholders at its meeting held on 10 October 2025. Accordingly, during the year ended 31 March 2026, the Holding Company had allotted 8,592,206 Equity Shares of face value t 10 /- each at an issue price of~ 1,994 /· (including a premium of ~ 1,984 /·), 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~ 665.35 million (66,535,492 fully paid-up equity shares of~ 10 /· each) to~ 751.28 million (75,127,698 fully paid-up equity shares of~ 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 ~7,101.38 million (USO 74.11 million) and derecognised the corresponding non-controlling interest of %,751.06 million (USO 70.43 million). The resulting net impact of ~350.32 million (USO 3.68 million) was recognised in equity. 7.Post acquisition of Molycop Group which is operating in the manufacturing and selling of grinding media and ancillary products and services, Executive Committee has reviewed all the relevant aspects, including in particular, 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 is to be considered as a separate business segment. It is now operating in three manufacturing segments, 'Consumables-Grinding Media', 'Consumables-others' and 'Equipments' which together are used for the global mineral beneficiation, mining and bulk solids handling industry and are considered operating segments as per Ind AS 108 - 'Segment Reporting'. 'Consumables-others' business represents the Pre acquisition consumable business of the Group & Equipment business represents the operations of a Subsidiary Company - Tega McNally Minerals Limited. Managing Dir ctor and Group CEO Place: Kolkata, India Date : 05 November 2026