Tega Industries Limited — Important, 28-02-2025: Updates

The Board of Directors of Tega Industries Limited has approved a reclassification of its existing Authorised Share Capital. The current capital of ₹105 crore, comprising various shares, will be altered to ₹105 crore divided into 10.5 crore equity shares of ₹10 each. This change necessitates an amendment to the Capital Clause of the Memorandum of Association, pending shareholder approval.

Additionally, the company will issue a Postal Ballot Notice to its members regarding this reclassification and amendment. This strategic move could enhance the company's capital structure and flexibility, paving the way for future growth initiatives. Investors should watch closely for developments as shareholder approval will be crucial for this transition.